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Jean-Edouard Colliard is a monetary policy teacher at HEC Paris. He formerly functioned as Economist at the European Central Bank where he provided plan recommendations to the ECB, consisting of at the highest degree.
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The video clip explains the current financial situation in Silicon Valley, where 3 financial institutions consisting of Silicon Valley Bank stopped working, triggering financial institution runs and also taxing various other financial institutions like Credit Suisse. This is similar to previous United States financial calamities such as the Great Depression and also the 2008 economic crisis. Several financial experts anticipate that even more financial institutions around the globe will certainly encounter comparable stress, and also the video clip elevates crucial inquiries concerning the reasons and also possible effects of these failings.
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