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Can Bank Failures Result in Recession Every Time? | Explaining the Economics

By joining through our link → you'll receive a FREE trial and 3 months off an Annual Sub! Listen to our full interview with Jean-Edouard Colliard on Spotify: 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: This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ 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 th...