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, buyers and coverage makers, however how do the present issues examine with financial institution troubles by way of historical past? Over the previous eight centuries, researchers say, there are few direct parallels for the actual twists and turns of current weeks.

But when previous financial institution troubles have been most just like present occasions, the monetary ache ended up being widespread more often than not, in response to researchers on the Yale School of Management and Boston College’s Carroll School of Management.

…