Robert C. Merton shares his views on Silicon Valley Bank, interest-rate risk, and the need for an accurate assessment of financial policy.

Across history, some bursts of lending to companies and individuals, or so-called "credit booms," have led to busts, while others haven't.

The biennial prize recognizes an individual who had made outstanding contributions to the advancement of financial policy research or practice, which is the core mission of the MIT GCFP.

Four MIT Sloan economists on lessons learned and next steps after the demise of Silicon Valley Bank, Signature Bank, and First Republic.