In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets

The failure of First Republic Bank (FRB) – the largest bankruptcy in the US banking system since the GFC – may send chilling effects through different asset markets in the US and even worldwide. This paper aims to clarify the effects of FRB failure on several assets and figure out potential safe hav...

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Detalles Bibliográficos
Autores principales: Nobanee, Haitham, Hamill, Philip Anthony, Azmi, Wajahat, Chakraborty, Dipanwita, Nghiem, Xuan-Hoa
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier 2023
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10562849/
https://www.ncbi.nlm.nih.gov/pubmed/37822635
http://dx.doi.org/10.1016/j.heliyon.2023.e20399
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author Nobanee, Haitham
Hamill, Philip Anthony
Azmi, Wajahat
Chakraborty, Dipanwita
Nghiem, Xuan-Hoa
author_facet Nobanee, Haitham
Hamill, Philip Anthony
Azmi, Wajahat
Chakraborty, Dipanwita
Nghiem, Xuan-Hoa
author_sort Nobanee, Haitham
collection PubMed
description The failure of First Republic Bank (FRB) – the largest bankruptcy in the US banking system since the GFC – may send chilling effects through different asset markets in the US and even worldwide. This paper aims to clarify the effects of FRB failure on several assets and figure out potential safe havens for investors during the 2023 US banking turmoil. Results from the event study approach reveal that eleven particular assets are relatively safe during the current turbulence. Several important implications are made for investors, portfolio managers, and policymakers.
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spelling pubmed-105628492023-10-11 In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets Nobanee, Haitham Hamill, Philip Anthony Azmi, Wajahat Chakraborty, Dipanwita Nghiem, Xuan-Hoa Heliyon Research Article The failure of First Republic Bank (FRB) – the largest bankruptcy in the US banking system since the GFC – may send chilling effects through different asset markets in the US and even worldwide. This paper aims to clarify the effects of FRB failure on several assets and figure out potential safe havens for investors during the 2023 US banking turmoil. Results from the event study approach reveal that eleven particular assets are relatively safe during the current turbulence. Several important implications are made for investors, portfolio managers, and policymakers. Elsevier 2023-10-03 /pmc/articles/PMC10562849/ /pubmed/37822635 http://dx.doi.org/10.1016/j.heliyon.2023.e20399 Text en © 2023 The Authors. Published by Elsevier Ltd. https://creativecommons.org/licenses/by-nc-nd/4.0/This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
spellingShingle Research Article
Nobanee, Haitham
Hamill, Philip Anthony
Azmi, Wajahat
Chakraborty, Dipanwita
Nghiem, Xuan-Hoa
In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets
title In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets
title_full In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets
title_fullStr In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets
title_full_unstemmed In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets
title_short In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets
title_sort in search of a safe haven in times of turbulence: effects of first republic bank failure on global asset markets
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10562849/
https://www.ncbi.nlm.nih.gov/pubmed/37822635
http://dx.doi.org/10.1016/j.heliyon.2023.e20399
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