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Explanations

2023 Banking Crisis - Have cyber Flash-mobs contributed to the crisis?

Geoff Riley

20th March 2023

Has the spread of social media and the virality of the speed at which communication happens today contributed to the 2023 banking crisis? have cyber flash-mobs helped create the problem afflicting the European and US banking system? This is a really interesting seven minute discussion between Fareed Zakaria (CNN) and Gillian Tett. There is a neat example of game theory in here as well!

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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