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Germany does not want to pay for other countries' banking failures.
The last part of this chapter highlights the role of liquidity in banking failures.
Most big banking failures, from Sweden's to South Korea's, were created or worsened by a currency crash.
China's plans to introduce a deposit insurance system to protect depositors from losses caused by banking failures have been delayed by the global financial crisis, Mr. Zhou said.
As it happened, the predecessor of the OTS, the Federal Home Loan Bank Board (FHLBB), had presided over one of the world's most expensive banking failures ever.
The Asia-Pacific region was spared major banking failures, and its governments and households are far less indebted than those in Europe and America.
Similar(28)
Bank failures?
Bank failures are down.
Bank failures do not kill people.
But bank failures still take place.
A wave of bank failures broke late in 1930.
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