The 2023 banking crisis exposed critical vulnerabilities in the global financial system. This book, authored by a distinguished group of NYU Stern faculty and collaborators, offers a comprehensive analysis of the events, providing a diagnostic framework to understand the causes and consequences of the stress experienced by institutions like Silicon Valley Bank. It further presents a collection of policy proposals aimed at strengthening financial resilience and preventing future crises.

This collection of analyses from leading academics in finance and economics offers a structured approach to understanding the 2023 banking stress. The authors' collective expertise suggests a rigorous examination of the events and a forward-looking perspective on policy recommendations. The work is positioned to inform both academic discourse and practical financial regulation.