You are viewing a single comment's thread from:RE: Bank Runs In China That Are Not Being Talked AboutView the full contextcryptoandcoffee (82)in LeoFinance • 3 years ago Is that where the Bank holiday came from as I have never looked this up before? Posted Using LeoFinance Beta
Often governments will instill a bank holiday to avert a run on the banks.
With China's banking crisis, the idea is to stop people from withdrawing money, hoping to cool the demand. This rarely works since it only makes people more fearful.
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