When a country cannot service its foreign debt obligations,a banking crisis has occurred.

Name: When a country cannot service its foreign debt obligations,a banking crisis has occurred.
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A banking crisis occurs when a country's banking sector becomes unable to operate effectively, often due to a lack of liquidity or insolvency, whereas a country being unable to service its foreign debt obligations is typically referred to as a sovereign debt crisis.

When a Country Cannot Service Its Foreign Debt Obligations,a Banking