Banking crisis: A Spanish Case in the International Horizon

Joaquin López Pascual and Yingying Zhang(2009) have collaborated on a new research article «Banking crisis: A Spanish Case in the International Horizon«. Academy of International Business. Vol 9.

The financial crisis we are experiencing sometimes seems to perplex people. However, if we cast our minds back, a financial crisis, or more specifically, a banking crisis, is not a singular phenomenon occurring for the first time in our human history. As recently as the 1980s, massive lending followed by major defaults caused the Third World debt crisis triggered by the Mexican Weekend, and in the United States, the bankruptcy of many «savings and loans» resulted in a loss of over 150 billion dollars, most of which was covered by taxpayers (Cundiff, 2007). Japanese banking has also suffered from the deterioration of its banking system with a crisis that began in early 1992, when the problem facing the Jusen companies (housing loan corporations) was publicly recognized (Kanaya & Woo, 2000).

orcid.org/0000-0002-6236-9853