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SVB collapse calls for finance rethink financial: Stiglitz
SVB collapse calls for finance rethink financial: Stiglitz
Business and Economy
by  AFP

In the wake of the collapse of Silicon Valley Bank that has shaken world markets, Nobel economics prize laureate Joseph Stiglitz told AFP that US authorities "did the right thing" to protect deposits but said the financial system needs a rethink. In this case its not a lending problem, it's a maturity mismatch and that can happen anywhere in our economic system."