BANKRUPTCY AND CONTAGION RISKS IN BANKS
Abstract
This research aims to identify the effects of contagion risk on the European banking market, after the bankruptcy of the US Silicon Valley Bank. This is the biggest bank failure since the global financial crisis. Wall Street's biggest banks lost no less than 55 billion USD in market value in a single day. And also, the shares of some European banks registered a strong decrease as a result of contagion effects on the banking market. The fear and panic of the depositors led to the withdrawal of liquidity. No bank can withstand such pressure. And also the big European banks were under the pressure of contagion effects. All this has led to a loss of customer trust in banks.
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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL
ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)
PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English
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