World Bank: 47 Banking Crises in the Past 40 Years

World Bank: 47 Banking Crises in the Past 40 Years / Picture: © Vindobona.org

In recent years, the world has faced multiple risks that have both disrupted the global economy and threatened lives, assets, and social cohesion in many countries.

The latest World Development Report (WDR), Risk and Opportunity: Managing Risk for Development, analyzes risk at many levels and forms and is rich with examples, ranging from job loss and disease to financial crises…