Exact(2)
Like Greece, the latter two binged on cheap debt before the crisis, suffered banking meltdowns and were forced to endure the austerity that came as a condition of bail-outs of their own.
If, on the other hand, they are too rigid, they will be impossible to apply to the varied environments of the third world, where countries from Argentina to Zaire have suffered banking crises.That means that the burden of raising standards lies squarely with national banking supervisors.
Similar(58)
POOR Ecuador: hit by El Niño floods last year, it has since suffered bank collapses, general strikes and political paralysis.
The court also considered the Fed's other chief argument: that the discount window, which provides money on a short-term emergency basis, is a lender of last resort, and that if depositors learned that a bank needed last resorts, it might suffer bank runs.
But it also fuelled resentment at the bank and in 1832 President Andrew Jackson vetoed the renewal of its charter.America spent the next 80 years without a true central bank, and as a consequence suffered repeated banking panics and depressions.
Indonesia has suffered two banking scandals in the past year.
Advanced economies from Japan to Sweden have suffered expensive banking busts.
No other country aside from Iceland suffered a banking bust as severe as Ireland's during the financial crisis.
They banged drums, blew whistles, and waved bananas – a symbol suggesting the country that suffered a banking collapse in 2008 had turned into a banana republic.
Because nearly one-fourth of the funds stock holdings are in the global financial sector, performance has suffered as banking worries keep investors skittish on financial stocks.
Wall Street was deregulated -- and we suffered one banking crisis after another.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com