PEORIA MAGAZINE May 2023

ECON CORNER

Chigozie Andy Ngwaba, PhD Assistant professor of economics and director of the actuarial science business program at Bradley University

of economics and director of the actuarial science business program at Bradley University. He joined BU’s Department of Economics in the fall of 2020. Prior to that, he worked in the corporate actuarial field, performing retirement plan pricing and profitability analysis. Peoria Magazine (PM): In the wake of the Silicon Valley Bank failure, then Signature Bank, then First Republic Bank’s troubles, then Credit Suisse … How is it that the widely acknowledged mismanagement at one not-super-large bank starts knocking down dominoes across the globe so that markets tumble and there’s now talk of potential recession? How does that happen?

INTERVIEW BY MIKE BAILEY ILLUSTRATION BY SCOTT SHEPLER

W elcome back to Peoria Magazine’s Econ Corner, a recurring feature in which we pose questions to experts about various economic issues and how they affect our lives and careers here in central Illinois. Doing this month’s Q&A is Chigozie Andy Ngwaba, PhD, assistant professor

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