Paradoxes of U.S. Financial System Resilience

As long as the world economy retains faith in the omnipotence of the U.S. dollar as the commodity in highest demand, the internal costs for the American economy will be offset by profits in foreign markets, providing the U.S. financial system with relative stability The March collapse of three major U.S. banks—Signature Bank, Silicon Valley Bank (SVB) and Silvergate Capital—coupled with a sharp decline in the market value of Wall Street financial titans, such as JPMorgan ...