Bank failures and rescues: Difference between revisions
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imported>Nick Gardner No edit summary |
imported>Nick Gardner No edit summary |
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==Failures and rescues== | ==Failures and rescues== | ||
===Before | ===Before 1930=== | ||
===The | ===The 1930s=== | ||
===1940 to | ===1940 to 2007=== | ||
=== | ===2007/2008=== | ||
==References== | ==References== | ||
<references/> | <references/> | ||
Revision as of 07:22, 17 October 2008
Many of the numerous bank failures that have occurred over the years have not proved harmful to their national economies. Governments have found it necessary, however, to guard against the danger of "systemic failure" resulting from a general loss of in the banking system and have, from time to time, rescued a failing bank in order to avert that danger. There have nevertheless been several instances of banking crises that have done serious damage to national economies.
- For a detailed list of failures and rescues in their historical sequence, see the timelines subpage.