The events were followed by the collapse of Iceland's banking sector, which led to the 2008 – 2012 Icelandic financial crisis.

WikiLeaks has made available an internal document from Kaupthing Bank from just prior to the collapse of Iceland's banking sector, which led to the 2008 – 2009 Icelandic financial crisis.

On 9 March 2011, Robert Tchenguiz and his brother, Vincent Tchenguiz, were arrested in London by the UK's Serious Fraud Office as part of their ongoing investigation in conjunction with Iceland's Special Prosecutor ’ s Office into the collapse of Icelandic Bank Kaupthing.

Hafskip was Iceland's second-largest shipping line before its collapse which became a national scandal.

Partly because of Hafskip's ties to Iceland's finance minister Albert Guðmundsson, who was its former chairman and still a shareholder at the time of the firm's collapse, Hafskip's bankruptcy became a fuel for rival politicians, and ignited a criminal investigation which lasted six years.

During 1996, however, the economy collapsed due to an unstable and decentralised banking system, a wave of hyperinflation throughout several countries of Eastern Europe, and slow reforms, which led to an inflation rate of 311 % and the collapse of the lev.

During 1996, however, the economy collapsed due to the Bulgarian Socialist Party's slow and mismanaged economic reforms and an unstable and decentralised banking system, which led to an inflation rate of 311 % and the collapse of the lev.

Macroeconomic stability was adversely affected by political uncertainty, the collapse of informal banking cooperatives, high budget deficits, low investment, and reduced international capital flows, including suspension of IFI lending as Haiti fell into arrears with the Inter-American Development Bank ( IDB ) and World Bank.

This drop was largely the result of the financial crisis in Argentina and the banking collapse in Paraguay.

* May 11 – The Creditanstalt, Austria's largest bank, goes bankrupt, beginning the banking collapse in Central Europe that causes a worldwide financial meltdown.

* June 5 – German Chancellor Dr. Heinrich Brüning visits London, where he warns the British Prime Minister Ramsay MacDonald that the collapse of the Austrian banking system, caused by the bankruptcy of the Creditanstalt, has left the entire German banking system on the verge of collapse.

Critics of this viewpoint became louder as Japan slid into a sustained deflationary spiral and the collapse of the savings-and-loan banking system in the United States pointed to larger structural changes in the economy.

After the collapse of the Japanese property bubble, a manager of a major bank in Nagoya was assassinated, and much speculation ensued about the banking industry's indirect connection to the Japanese underworld.

The crisis was caused by the lack of co-ordination between monetary policy and fiscal policy, which ultimately led to the collapse of the banking system.

The London banking house of Neal, James, Fordyce and Down collapsed in June 1772, precipitating a major crisis which included the collapse of almost every private bank in Scotland, and a liquidity crisis in the two major banking centres of the world, London and Amsterdam.

But instead what plunged the country into a deep depression, was the collapse of the banking system during three waves of panics over the 1930-33 period.

More generally, researchers attacked the idea that “ integrated financial services firms ” had played a role in creating the Great Depression or the collapse of the banking system in the 1930s.

In December 2009, the United Nations ' Drugs and Crime Tsar Antonio Maria Costa claimed that illegal drug money saved the banking industry from collapse.

Much of the Irish economy and public finances had also depended on the property market and its collapse at roughly the same time as the banking crisis impacted all parts of the Irish economy.

Following the collapse of the Icelandic banking system in the autumn of 2008, Iceland was forced to ask for financial help from the International Monetary Fund and friendly nations.

* Article on the Special Investigation Commission's report charging Davíð Oddsson with gross negligence in the 2008 banking collapse

The bank also took the lead in establishing the security and stability of the entire Scottish banking system, which became more important after the collapse of the Ayr Bank in 1772, in the crisis following the collapse of the London house of Neal, James, Fordyce and Down.

These two measures of cutting Capital Gains Tax and providing tax incentives for property development in thinly populated rural areas have been partly responsible for the explosion in housing and commercial property speculation, which led ultimately to the collapse of the Irish banking system.

Although central banks may appear to control inflation, through periodic bank rescues and other means, they may inadvertently be forced to increase the money supply ( and thereby debase the currency ) to save the banking system from bankruptcy or collapse during periodic bank runs, thereby inducing moral hazard in the financial system, making the system susceptible to economic bubbles.

More controversially, officials of the Federal Reserve assisted in the negotiations that led to this bail-out, on the grounds that so many companies and deals were intertwined with LTCM that if LTCM actually failed, they would as well, causing a collapse in confidence in the economic system.

The economy declined dramatically during the 1990s with the collapse of the Council for Mutual Economic Assistance ( COMECON ) system and the loss of the Soviet market, to which the country had been closely tied.

The economy declined dramatically during the 1990s with the collapse of the Comecon system and the loss of the Soviet market, to which the country had been closely tied.

The collapse of the old defensive system meant that they met no opposition, and the empire's resources were distracted and squandered in a series of civil wars.

However, the collapse of the Near Eastern trading system pointed to a flaw: in an era where there was no place that was safe to store value, the value of a circulating medium could only be as sound as the forces that defended that store.

It is thought that the increase in piracy and raiding associated with the Bronze Age collapse, possibly produced by the Peoples of the Sea, brought this trading system to an end.

Following the victory of Han over Chu after the collapse of Qin, Confucius's thoughts received official sanction and were further developed into a system known as Confucianism.

Heisenberg never used the term collapse, preferring to speak of the wavefunction representing our knowledge of a system, and collapse as the " jumping " of the wavefunction to a new state, representing a " jump " in our knowledge which occurs once a particular phenomenon is registered by the experimenter ( i. e. when an observation takes place ).

The term computer system security means the collective processes and mechanisms by which sensitive and valuable information and services are protected from publication, tampering or collapse by unauthorized activities or untrustworthy individuals and unplanned events respectively.

Also, the Chernobyl disaster in 1986 added motive force to Gorbachev's glasnost and perestroika reforms, which eventually spiraled out of control and caused the Soviet system to collapse.

They also thought the collapse would create new production possibilities by eliminating central planning, substituting a decentralized market system, eliminating huge macroeconomic and structural distortions through liberalization, and providing incentives through privatization.

If a reaction results in a small energy release making way for more energy releases in an expanding chain, then the system will typically collapse explosively until much or all of the stored energy has been released.

Scientists also note that HIV-negative drug users do not suffer from immune system collapse.

According to the understanding of quantum mechanics known as the Copenhagen interpretation, measurement causes an instantaneous collapse of the wave function describing the quantum system into an eigenstate of the observable state that was measured.

Wavefunction collapse can be viewed as an epiphenomenon of quantum decoherence, which in turn is nothing more than an effect of the underlying local time evolution of the wavefunction of a system and all of its environment.

Greenberg's contributions to the Cleveland farm system led to the team's successes throughout the 1950s, although Bill James once wrote that the Indians ' late 1950s collapse should also be attributed to him.

In 2004 Nauru was faced with chaos amid political strife and the collapse of the island ’ s telecommunications system.

During the 2007-2012 global financial crisis in the United States, the neologism " pessimism porn " was coined to describe the alleged eschatological and survivalist thrill some people derive from predicting, reading and fantasizing about the collapse of civil society through the destruction of the world's economic system.

This process is known as wavefunction collapse, a controversial and much-debated process that involves expanding the system under study to include the measurement device.

In order to prove that the wave function did not collapse, one would have to bring all these particles back and measure them again, together with the system that was originally measured.

Alice cannot decide which state to collapse the composite system into, and therefore cannot transmit information to Bob by acting on her system.