beSpacific · @bespacific
900 followers · 1493 posts · Server newsie.social#SocialMedia as a #BankRun #Catalyst (April 18, 2023). SSRN: https://ssrn.com/abstract=4422754 or http://dx.doi.org/10.2139/ssrn.4422754
#Socialmedia #fueled a #bankrun on #SiliconValle Bank #SVB, and the effects were felt broadly in the U.S. #bankingindustry. We employ comprehensive #Twitter #data to show that preexisting #exposure to #socialmedia predicts #bank #stockmarket #losses in the run period even after controlling for bank characteristics related to #runrisk.#FDIC #FederalReserve #banking #FinancialStability
#socialmedia #bankrun #catalyst #fueled #siliconvalle #svb #bankingindustry #twitter #data #exposure #bank #stockmarket #losses #runrisk #fdic #FederalReserve #banking #financialstability