Moderate US bank stress could lead to global contagion – report
IMF study cites SVB’s collapse, which reverberated across world by pushing up US sovereign credit risk
An adverse shock to the US banking sector could have a significant impact on sovereign credit risk in the country itself and in other major economies, a new paper from the International Monetary Fund concludes.
The paper, published today (June 6), explores the issue by looking at the collapse of Silicon Valley Bank (SVB) in 2023. The authors – economists Tobias Adrian, Mahvash Qureshi and Tomohiro Tsuruga – say SVB’s collapse was felt throughout the world, including in countries where investors
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