Metrick, Andrew
The failure of silicon valley bank and the panic of 2023 - The Journal of Economic Perspectives - 38(1),Winter, 2024: p.133-152
The failure of Silicon Valley Bank on March 10, 2023 brought attention to significant weaknesses across the banking system, leading to a panic that spread to other vulnerable banks. With subsequent failures of Signature Bank and First Republic Bank, the United States had three of the four largest bank failures in its history occur over a two-month period. Several features of the Silicon Valley Bank failure make it an ideal teaching case for explaining the underlying economics of banking (in general) and banking crises (specifically). This paper tries to do that.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/jep.38.1.133
The failure of silicon valley bank and the panic of 2023 - The Journal of Economic Perspectives - 38(1),Winter, 2024: p.133-152
The failure of Silicon Valley Bank on March 10, 2023 brought attention to significant weaknesses across the banking system, leading to a panic that spread to other vulnerable banks. With subsequent failures of Signature Bank and First Republic Bank, the United States had three of the four largest bank failures in its history occur over a two-month period. Several features of the Silicon Valley Bank failure make it an ideal teaching case for explaining the underlying economics of banking (in general) and banking crises (specifically). This paper tries to do that.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/jep.38.1.133