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Do Bank Failures Always Cause Recessions? | Economics Explained

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By joining through our link β†’ https://Shortform.com/ee, you'll receive a FREE trial and 3 months off an Annual Sub! Listen to our full interview with Jean-Edouard Colliard on Spotify: https://open.spotify.com/episode/55cacLnxMcB3mLXopkbISR?si=355afe2155de4e67 Jean-Edouard Colliard is a financial regulation professor at HEC Paris. He previously worked as Economist at the European Central Bank where he gave policy advice to the ECB, including at the highest level. If you want to learn more about Professor Colliard, check out his website: https://sites.google.com/site/jecolliardengl/home?authuser=0 This video was made possible by our Patreon community! ❀️ See new videos early, participate in exclusive Q&As, and more! ➑️ https://www.patreon.com/EconomicsExplained The video describes the recent banking crisis in Silicon Valley, where three banks including Silicon Valley Bank failed, causing bank runs and putting pressure on other banks like Credit Suisse. This is reminiscent of past US banking disasters such as the Great Depression and the 2008 recession. Many economists predict that more banks around the world will face similar pressures, and the video raises important questions about the causes and potential consequences of these failures. β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€ The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: https://www.youtube.com/channel/UCuj2Bne141HGmYFsbkfnbqw Enjoyed the video? Comment below! πŸ’¬ β­‘ Enjoyed? Hit the like button! πŸ‘ Check out our second channel Economics Explained Essentials β†’ https://www.youtube.com/@economicsexplainedessentia551 βœ‰οΈ Business Enquiries β†’ [email protected] 🎧 Listen to EE on Spotify! πŸ‘‰ https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 β†’ https://twitter.com/EconomicsEx Facebook β†’ https://www.facebook.com/EconomicsEx Instagram β†’ https://www.instagram.com/economicsexplained/ TikTok β†’ https://www.tiktok.com/@economicsexplained #Economics #Explained #EconomicsExplained β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€β–€ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY πŸ‘ŠπŸ™ Support EE by becoming a Patron today! πŸ‘‰ https://www.patreon.com/EconomicsExplained The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: Morgon Goranson, Andy Potanin, Wicked Pilates, TadeΓ‘Ε‘ UrsΓ­ny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

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