3min chapter

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Gillian Tett on Anthropology for the Modern Economist

IMF Podcasts

CHAPTER

The Cultural Framework of Finance

Do you think the culture of Silicon Valley had something to do with the collapse of Silicon Valley Bank and especially the way the bank run happened? It happened very quickly, very different from usual bank runs. You don't have people queuing up outside to withdraw cash, but it all went viral, happened on social media and chaprooms. Absolutely. I mean, I've been fascinated by the question of the cultural framework of finance for years.

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