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

Nobanee, Haitham ORCID: 0000-0003-4424-5600, Hamill, Philip Anthony ORCID: 0000-0002-2390-1667, Azmi, Wajahat, Chakraborty, Dipanwita and Nghiem, Xuan-Hoa ORCID: 0000-0003-2292-0257 (2023) In search of a safe haven in times of turbulence: Effects of First Republic Bank failure on global asset markets. Heliyon, 9 (10). e20399-.

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Official URL: http://dx.doi.org/10.1016/j.heliyon.2023.e20399

Abstract

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.

Item Type:	Article
Uncontrolled Keywords:	Assets markets, Bank failure, Event study, Safe havens
Divisions:	Faculty of Humanities and Social Sciences > School of Histories, Languages and Cultures
Depositing User:	Symplectic Admin
Date Deposited:	29 Nov 2023 16:29
Last Modified:	29 Nov 2023 16:29
DOI:	10.1016/j.heliyon.2023.e20399
Open Access URL:	https://doi.org/10.1016/j.heliyon.2023.e20399
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3177070