A study of the causes of the most important banking crises in the world and a comparative analysis with the causes of the Cypriot banking crisis in 2013

Abstract

In this dissertation we have studied the main banking crises that took place in the past and affected the economies of countries around the world. We identified the main causes that caused each crisis as well as the impact they had. We also studied the case of the Cypriot economic crisis and its. In the end we made a comparative analysis of the causes that caused the banking crises of the past with the causes of the banking crisis in Cyprus. Concluding our work, we came to some general conclusions about the factors responsible for the outbreak of the economic crisis in Cyprus as compared to the factors that caused earlier international banking crises and the consequences of such crises.