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<p>This study analyzes how financial sectors in 43 countries responded to the collapse of Silicon Valley Bank (SVB). The findings reveal significant adverse responses in Africa, Europe, and North America surrounding the event. In contrast, the equity market effects of SVB on financial sectors in the Asia–Pacific region (except Australia and Japan), Latin America, the Gulf Corporation Council, and Israel were limited. Additional tests reveal that financial sectors with high exchange rate sensitivity (local currency vis-a-vis US dollar) and those with strong equity correlations to the US financial sector experienced higher losses. Finally, greater investor attention to the SVB failure, as measured by Google Search Volume, is a significant determinant of pre-event market responses.</p>

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Drivers of market responses to the Silicon Valley Bank’s failure

  • 期刊论文

  • 发表日期：

    2025年5月7日

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  • Asil Azimli

摘要

This study analyzes how financial sectors in 43 countries responded to the collapse of Silicon Valley Bank (SVB). The findings reveal significant adverse responses in Africa, Europe, and North America surrounding the event. In contrast, the equity market effects of SVB on financial sectors in the Asia–Pacific region (except Australia and Japan), Latin America, the Gulf Corporation Council, and Israel were limited. Additional tests reveal that financial sectors with high exchange rate sensitivity (local currency vis-a-vis US dollar) and those with strong equity correlations to the US financial sector experienced higher losses. Finally, greater investor attention to the SVB failure, as measured by Google Search Volume, is a significant determinant of pre-event market responses.