Question

Banking crises have occurred throughout the world, like the Finnish banking crisis of 1990s, the 2002 Uruguay banking crisis, and the 2003 Myanmar banking crisis. In this context, what similarity do we find when we look at various different countries?

Short answer

The main similarity is that the banking crisis leads to business failures.

Step-by-step solution

 Introduction

The finnish baning crisis occured in the 1990s and lasted mostly around 1991-93. The URuguay crisis hit the economy of Uruguay in 2002. The banking crisis of Myanmar hit the economy in 2003.

Explanation

.Banking crisis leads to business failure ,because ,At the point when banks looked to safeguard themselves, they quit loaning cash. Organizations couldn't gain admittance to capital, and shut their entryways, tossing a large number of Americans unemployed. Those jobless Americans couldn't continue to spend, and the harmful descending winding proceeded

Final Answer

The main similarity is that the banking crisis is mainly affecting businesses. due to the banking crisis, Organizations couldn't gain admittance to capital, and shut their entryways.