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The collapse of Silicon Valley Bank and Credit Suisse and their impact on other U.S. Banks
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Resumo(s)
ABSTRACT
This paper examines how US banking industry responded to the collapse of Silicon Valley Bank and
Credit Suisse. The analysis of abnormal returns surrounding the announcement of the collapse of
Silicon Valley Bank and Credit Suisse reveals a negative and statistically significant impact on the
largest listed US banks. Banks’ market value loss is explained by information asymmetries and
uncertainty returns, systemic contagion, and panic. These reactions are reinforced or mitigated by
bank-specific characteristics such as size, liquidity, profitability, risk aversion, operational efficiency,
institutional ownership, internationalization, dependence on uninsured deposits and ratio of off balance sheet items.
Descrição
Palavras-chave
Banks Collapse Market reaction Event study Contagion Silicon Valley Bank Credit Suisse . Faculdade de Ciências Sociais
Contexto Educativo
Citação
Martins, A. M. (2024). The collapse of Silicon Valley Bank and Credit Suisse and their impact on other US Banks. Applied Economics Letters, 1-5.
Editora
Informa UK Limited