Event

The 1983 Israel bank stock crisis erupts fully

2 Oct 1983 · 31.61° N, 34.82° E

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What the records say

When
2 Oct 1983
Kind
Event
Coordinates
31.61° N, 34.82° E

Placed at the country named in the title of the event it links, Israel.

Summary

The 1983 Israel bank stock crisis erupts fully. The crisis results in the collapse of the stocks of the four largest banks in Israel, and the government's nationalization of those banks.

1983 Israel bank stock crisis

1983 financial crisis in Israel

The bank stock crisis was a financial crisis that occurred in Israel in 1983, during which the stocks of the four largest banks in Israel collapsed. In previous episodes of share price weakness, the banks bought back their own stocks, creating the appearance of constant demand for the stock, and artificially supporting their values.

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