Stephen G. Cecchetti

Stephen G. Cecchetti is the Rosen Family Chair in International Finance at the Brandeis International Business School, a research associate at NBER, a research fellow at CEPR, and the Chair of the Advisory Scientific Committee of the European Systemic Risk Board. From 2008 to 2013, Cecchetti served as Economic Adviser and Head of the Monetary and Economic Department at the Bank for International Settlements in Basel, Switzerland. From 1997 to 1999 he was Director of Research at the Federal Reserve Bank of New York. In addition, he has been on the faculty of The Ohio State University and the New York University Leonard N. Stern School of Business. In 2016, he received an Honorary Doctorate in Economics from the University of Basel.

The Key Policy Lessons of SVB

Looking back at the March 2023 collapse of Silicon Valley Bank and the subsequent banking crisis, Stephen G. Cecchetti and Kermit L. Schoenholtz highlight two lessons that should guide the reform of bank regulation.

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