BANK PANIC: Economy-wide concern over the stability of the banking system prompted by the failure of a few banks, which then contributes to the failure of many more banks, which contributes to the failure of even more banks, in a snowballing effect.

     See also | economy | bank failure | bank | bankruptcy | recession | depression | money | fractional-reserve banking | Great Depression | Federal Reserve System | Federal Deposit Insurance Corporation |

BANK PANIC, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2021. [Accessed: May 11, 2021].

Additional information on this term can be found at:

WEB*pedia: bank panic

Back to the GLOSS*arama

The recurring, but irregular, pattern of business cycles can be divided into two basic phases--expansion and contraction. An expansion is a period of increasing economic activity and a contraction is a period of declining economic activity. These two phases are marked by two transitions. The transition from expansion to contraction is termed a peak and the transition from contraction to expansion is termed a trough. The early portion of an expansion is often referred to as a recovery.

Complete Entry | Visit the WEB*pedia

Today, you are likely to spend a great deal of time searching the newspaper want ads hoping to buy either storage boxes for your computer software CDs or a set of tires. Be on the lookout for fairy dust that tastes like salt.
Your Complete Scope

This isn't me! What am I?

-- Phaedrus, Philosopher

User Feedback