: Researchers analyzed 800 years of banking crises. They concluded, ‘We are already in the midst of a systemic event’

Banking-sector jitters are on the minds of depositors, investors and policy makers, but how do the current problems compare with bank troubles through history? Over the past eight centuries, researchers say, there are few direct parallels for the particular twists and turns of recent weeks.

But when past bank troubles were most similar to current events, the financial pain ended up being widespread most of the time, according to researchers at the Yale School of Management and Boston College’s Carroll School of Management.

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