{"title":"The Silicon Valley Bank Run: Regulatory and Media Failure","authors":"D. Baker","doi":"10.2478/ie-2023-0024","DOIUrl":null,"url":null,"abstract":"The most important thing to know about the recent banking problems in the United States is that they are not at all like the problems we saw in 2008-09. The crisis in the banking system during the Great Recession was a result of the fact that hundreds of banks across the country, including several of the largest, were insolvent. The current situation, with some banks facing runs from uninsured depositors, is not at all comparable. Media reporting, which has frequently made this comparison, has played a major role in exacerbating the recent crisis.","PeriodicalId":35662,"journal":{"name":"Intereconomics","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Intereconomics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2478/ie-2023-0024","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 1
Abstract
The most important thing to know about the recent banking problems in the United States is that they are not at all like the problems we saw in 2008-09. The crisis in the banking system during the Great Recession was a result of the fact that hundreds of banks across the country, including several of the largest, were insolvent. The current situation, with some banks facing runs from uninsured depositors, is not at all comparable. Media reporting, which has frequently made this comparison, has played a major role in exacerbating the recent crisis.
IntereconomicsEconomics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)
CiteScore
5.00
自引率
0.00%
发文量
66
审稿时长
16 weeks
期刊介绍:
Intereconomics publishes papers dealing with economic and social policy issues in Europe respectively in Euroland. The journal consists of the sections editorial, forum and articles. The editorial section contains brief comments on current questions of economic policy in Europe or effecting Europe. In the forum, several authors (researchers, politicians, representatives of trade unions and of employers associations etc.) voice their opinions on one particular current economic policy problem effecting Europe. The articles deal with economic policy issues and trends in Europe. They are mostly written by researchers in economics. Officially cited as: Intereconomics