The global banking crisis of the 1990s although severe, disproved the existence of the so-called "domino effect" in international banking.

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The global banking crisis of the 1990s, particularly the Asian financial crisis, demonstrated the "domino effect" in international banking, where the failure of banks in one country led to financial distress in others, highlighting the interconnectedness of global financial systems.

The Global Banking Crisis of the 1990s Although Severe, Disproved