A new financial crisis? Four top economists on what the bank shock means for Ireland

Nobel prize winner Philip Dybvig warns of reckless spending, while Stephen Kinsella says that Ireland would have little control over a global recession – but most agree this is different to 2008

SVB had $209bn in assets when it failed

Niamh Horan

Before last week, most people had never heard of Silicon Valley Bank (SVB). Now everyone is searching for answers in the wake of the second largest bank failure in US history. With the aftershocks still rippling through the markets, many are wondering if this is a repeat of the 2008 global financial crisis.