List of banking crises

Number of countries having a banking crisis in each year since 1800. This is based on This Time Is Different: Eight Centuries of Financial Folly, which covers only 70 countries. The general upward trend might be attributed to many factors. One of these is a gradual historical increase in the percent of people who receive money for their labor. Another, elsewhere suggested reason related to more recent development trends and to banking crisis during modern era might be changes in the size of banking sector compared to overall GDP. The dramatic feature of this graph is the virtual absence of banking crises during the period of the Bretton Woods agreement, 1945 to 1971. This analysis is similar to Figure 10.1 in Reinhart and Rogoff (2009). For more details see the help file for "bankingCrises" in the Ecdat package available from the Comprehensive R Archive Network (CRAN).

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 many defaults and financial institutions and corporations face great difficulties repaying contracts.[1] 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.[2]

## Bank runs

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Main article: List of bank runs

A bank run occurs when many bank customers withdraw their deposits because they believe the bank might fail. There have been many runs on individual banks throughout history; for example, some of the 2008–2009 bank failures in the United States were associated with bank runs.

## Banking panics and systemic banking crises

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### 18th century

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* Crisis of 1763, started in Amsterdam, begun by the collapse of Johann Ernst Gotzkowsky and Leendert Pieter de Neufville's bank, spread to Germany and Scandinavia
* British credit crisis of 1772-1773 in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce and Down.
* Panic of 1792, New York
* Panic of 1796–1797, Britain and United States

### 19th century

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* Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle
* Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England
* Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression
* Panic of 1847, United Kingdom
* Panic of 1857, a U.S. recession with bank failures
* Panic of 1866, Europe
* Panic of 1873, a U.S. recession with bank failures, followed by a 4-year depression
* Panic of 1884, United States and Europe
* Panic of 1890, mainly affecting the United Kingdom and Argentina
* Panic of 1893, a U.S. recession with bank failures
* Australian banking crisis of 1893
* Panic of 1896, acute U.S. recession

### 20th century

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* Panic of 1901, a U.S. economic recession that started a fight for financial control of the Northern Pacific Railway
* Panic of 1907, a U.S. economic recession with bank failures
* Shōwa Financial Crisis, a 1927 Japanese financial panic that resulted in mass bank failures across the Empire of Japan.
* Great Depression, the worst systemic banking crisis of the 20th century
* Secondary banking crisis of 1973–1975 in the UK
* Japanese asset price bubble (1986–2003)
* Savings and loan crisis of the 1980s and 1990s in the U.S.
* 1988–1992 Norwegian banking crisis
* Finnish banking crisis of 1990s
* Sweden financial crisis 1990–1994
* Rhode Island banking crisis
* Peruvian banking crisis of 1992
* Venezuelan banking crisis of 1994
* 1997 Asian financial crisis
* Enping financial crisis
* 1998 collapse of Long-Term Capital Management
* 1998 Russian financial crisis
* 1998–2002 Argentine great depression
* 1998–1999 Ecuador economic crisis

### 21st century

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* 2002 Uruguay banking crisis
* 2003 Myanmar banking crisis
* 2008 financial crisis, including:

* Subprime mortgage crisis in the U.S. starting in 2007
* 2008 United Kingdom bank rescue package
* 2009 United Kingdom bank rescue package
* 2008–2009 Belgian financial crisis
* 2008–2011 Icelandic financial crisis
* Great Recession in Russia
* 2008–2009 Ukrainian financial crisis
* 2008–2014 Spanish financial crisis
* Post-2008 Irish banking crisis

* Venezuelan banking crisis of 2009–2010
* 2012–2013 Cypriot financial crisis
* Ghana banking crisis of 2017–2018
* 2023 United States banking crisis

## See also

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* List of economic crises
* List of bank runs

## References

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Reinhart, Carmen M.; Rogoff, Kenneth S. (2009). This Time is Different: Eight Centuries of Financial Folly. Princeton University Press. ISBN 978-0-691-14216-6.

Taylor, Alan M. The great leveraging. NBER 18290

## Notes

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1. ^ Laeven L, Valencia F (2008). "Systemic banking crises: a new database" (PDF). IMF WP/08/224. International Monetary Fund. Retrieved 2008-09-29.
2. ^ Reinhart C, Rogoff K (2009). "Varieties of crises and their dates" (PDF). This Time is Different: Eight Centuries of Financial Folly. Princeton University Press. pp. 3–20\. ISBN 978-0-691-14216-6. Retrieved 2009-11-28.

* v
* t
* e

Financial crises

* Bank run
* Commodity price shocks
* Credit crunch
* Credit cycle
* Currency crisis
* Debt crisis
* Energy crisis
* Financial contagion
* Social contagion
* Flash crash
* Hyperinflation
* Liquidity crisis
* Accounting
* Capital
* Funding
* Market
* Minsky moment
* Social crisis
* Stock market crash

Pre-1000|

* Financial crisis of 33 CE
* Crisis of the Third Century (235–284 CE)

Commercial revolution
(1000–1760)|

* Great Bullion Famine (c. 1400–c. 1500)
* The Great Debasement (1544–1551)
* Dutch Republic stock market crashes (c. 1600–1760)
* Kipper und Wipper (1621–1623)
* Tulip mania crash (1637)
* South Sea bubble crash (1720)
* Mississippi bubble crash (1720)

1st Industrial Revolution
(1760–1840)|

* Amsterdam banking crisis of 1763
* Bengal bubble crash (1769–1784)
* British credit crisis of 1772–1773
* Dutch Republic financial collapse (c. 1780–1795)
* Copper Panic of 1789
* Panic of 1792
* Panic of 1796–1797
* Danish state bankruptcy of 1813
* Post-Napoleonic Irish grain price and land use shocks (1815–1816)
* Panic of 1819
* Panic of 1825
* Panic of 1837

1840–1870|

* European potato failure (1845–1856)
* Great Irish Famine
* Highland Potato Famine
* Panic of 1847
* Panic of 1857
* Panic of 1866
* Black Friday (1869)

2nd Industrial Revolution
(1870–1914)|

* Panic of 1873
* Paris Bourse crash of 1882
* Panic of 1884
* Arendal crash (1886)
* Baring crisis (1890)
* Encilhamento (1890–1893)
* Panic of 1893
* Australian banking crisis of 1893
* Black Monday (1894)
* Panic of 1896
* Panic of 1901
* Panic of 1907
* Shanghai rubber stock market crisis (1910)
* Panic of 1910–11
* Financial crisis of 1914

Interwar period
(1918–1939)|

* Early Soviet hyperinflation (1917–1924)
* Weimar Republic hyperinflation (1921–1923)
* Shōwa financial crisis (1927)
* Wall Street crash of 1929
* Panic of 1930
* Chinese hyperinflation (1937-1950)

Wartime period
(1939–1945)|

* Greek hyperinflation (1941–1946)
* Chinese hyperinflation (1937-1950)

Post–WWII expansion
(1945–1973)|

* Hungarian pengő hyperinflation (1945–1946)
* Kennedy Slide of 1962
* 1963–1965 Indonesian hyperinflation
* Chinese hyperinflation (1937-1950)

Great Inflation
(1973–1982)|

* 1970s energy crisis (1973–1980)
* 1973 oil crisis
* 1973–1974 stock market crash
* Secondary banking crisis of 1973–1975
* Steel crisis (1973–1982)
* Latin American debt crisis (1975–1982)
* 1976 British currency crisis
* 1979 oil crisis
* Brazilian hyperinflation (1980–1982)

Great Moderation/
Great Regression
(1982–2007)|

* Brazilian hyperinflation (1982–1994)
* Souk Al-Manakh stock market crash (1982)
* Chilean crisis of 1982
* 1983 Israel bank stock crisis
* Black Saturday (1983)
* Savings and loan crisis (1986–1995)
* Cameroonian economic crisis (1987–2000s)
* Black Monday (1987)
* 1988–1992 Norwegian banking crisis
* Japanese asset price bubble crash (1990–1992)
* Rhode Island banking crisis (1990–1992)
* 1991 Indian economic crisis
* 1990s Swedish financial crisis
* 1990s Finnish banking crisis
* 1990s Armenian energy crisis
* Cuban Special Period (1991–2000)
* Black Wednesday (1992 Sterling crisis)
* Yugoslav hyperinflation (1992–1994)
* 1994 bond market crisis
* Venezuelan banking crisis of 1994
* Mexican peso crisis (1994–1996)
* 1997 Asian financial crisis
* October 1997 mini-crash
* 1998 Russian financial crisis
* 1998–1999 Ecuador economic crisis
* 1998–2002 Argentine great depression
* Samba effect (1999)
* Dot-com bubble crash (2000–2004)
* 9/11 stock market crash (2001)
* 2001 Turkish economic crisis
* South American economic crisis of 2002
* Stock market downturn of 2002
* 2002 Uruguay banking crisis
* 2003 Myanmar banking crisis
* 2000s energy crisis (2003–2008)
* 2004 Argentine energy crisis
* 2007 Chinese stock bubble crash
* Zimbabwean hyperinflation (2007–present)

Great Recession
(2007–2009)|

* 2008 financial crisis
* September 2008
* October 2008
* November 2008
* December 2008
* 2009
* Subprime mortgage crisis
* 2000s U.S. housing market correction
* U.S. bear market of 2007–2009
* 2008 Latvian financial crisis
* 2008–2009 Belgian financial crisis
* 2008–2009 Russian financial crisis
* 2008–2009 Ukrainian financial crisis
* 2008–2011 Icelandic financial crisis
* 2008–2011 Irish banking crisis
* 2008–2014 Spanish financial crisis
* Blue Monday Crash 2009
* European debt crisis
* Greek government-debt crisis

Information Age
(2009–present)|

* 2009 Dubai debt standstill
* Venezuelan banking crisis of 2009–2010
* 2010–2014 Portuguese financial crisis
* Energy crisis in Venezuela (2010–present)
* Syrian economic crisis (2011–present)
* August 2011 stock markets fall
* 2011 Bangladesh share market scam
* 2012–2013 Cypriot financial crisis
* 2013 Chinese banking liquidity crisis
* Venezuela economic crisis (2013–present)
* 2014–2016 Brazilian economic crisis
* Puerto Rican government-debt crisis (2014–2022)
* Russian financial crisis (2014–2016)
* 2015 Nepal blockade
* 2015–2016 Chinese stock market turbulence
* 2015–2016 stock market selloff
* Brexit stock market crash (2016)
* Venezuelan hyperinflation (2016–2022)
* 2017 Sri Lankan fuel crisis
* Ghana banking crisis (2017–2018)
* Turkish economic crisis (2018–present)
* Lebanese liquidity crisis (2019–present)
* Sri Lankan economic crisis (2019–present)
* COVID-19 pandemic
* Financial market impact
* 2020 stock market crash
* Recession
* Chinese property sector crisis (2020–present)
* 2021–2023 inflation surge
* 2022 Russian financial crisis
* Pakistani economic crisis (2022–present)
* 2022 stock market decline
* 2022–2024 German economic crisis
* 2023 United States banking crisis
* 2023–2024 Egyptian financial crisis
* 2025 stock market crash

* List of banking crises
* List of economic crises
* List of sovereign debt crises
* List of stock market crashes and bear markets

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