The Failure of Silicon Valley Bank and the Panic of 2023
以硅谷银行2023年3月倒闭为例，解释银行业的一般经济学原理和银行危机的具体机制，适合用于教学。
The failure of Silicon Valley Bank on March 10, 2023 brought attention to significant weaknesses across the banking system, leading to a panic that spread to other vulnerable banks. With subsequent failures of Signature Bank and First Republic Bank, the United States had three of the four largest bank failures in its history occur over a two-month period. Several features of the Silicon Valley Bank failure make it an ideal teaching case for explaining the underlying economics of banking (in general) and banking crises (specifically). This paper tries to do that.