All countries, developed or emerging, are equal before the banking crisis. This was shown in a study in December 2008, "Banking Crisis: An Equal Opportunity Threat" Carmen M. Reinhart and Kenneth S Rog off. Whatever the size of a country and state of development, no one is immune from a banking collapse. What are the causes of banking crises? Are they different from one country to another and according to their characteristics (size, characteristics, types of loans and financing granted)? (more...)