This is a list of banking crises. A banking crisis is a financial crisis that affects banking activity. Banking crises include bank runs, which affect single banks; banking panics, which affect many banks; and systemic banking crises, in which a country experiences a large number of defaults and financial institutions and corporations face great difficulties repaying contracts. A banking crisis is marked by bank runs that lead to the demise of financial institutions, or by the demise of a financial institution that starts a string of similar demises.
Read more about List Of Banking Crises: Bank Runs, See Also, References
Famous quotes containing the words list of, list, banking and/or crises:
“Modern tourist guides have helped raised tourist expectations. And they have provided the nativesfrom Kaiser Wilhelm down to the villagers of Chichacestenangowith a detailed and itemized list of what is expected of them and when. These are the up-to- date scripts for actors on the tourists stage.”
—Daniel J. Boorstin (b. 1914)
“My list of things I never pictured myself saying when I pictured myself as a parent has grown over the years.”
—Polly Berrien Berends (20th century)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (18571930)
“Part of the responsibility of being a parent is to arrange situations in childrens lives so they are able to meet crises with a reasonable chance of coping successfully with them.... Parents who believe children are unharmed by crises and will simply bounce back in time seriously misunderstand children.”
—Donald C. Medeiros (20th century)