At the Fortune Future of Finance conference, Tomasz Piskorski, Edward S. Gordon Professor of Real Estate, Finance Division, Columbia Business School, tackled the subject of much of his recent research: the collapse of Silicon Valley Bank and its after-effects on the banking industry. Last year, Piskorski was one of several academics to look at the sector. Their paper found a “more than $2 trillion decline in banks’ asset values following the monetary tightening of 2022.”
Below is a transcript of Piskorski’s presentation to the conference on his research.
Tomasz Piskorski: Welcome everybody. Glad to be here. I'm a professor at Columbia Business School. I do a lot of work on financial intermediation, banking, fintech, and real estate. And recently, along with my colleagues, I have done quite a lot of work on financial stability.
