It's scary when I look at a league table and feel relieved that US banks are the least existentially exposed of just about any industrialized economy. Hattip Marginal Revolution.
Bank assets as a percentage of GDP
Luxembourg 2,461
Ireland 872
Switzerland 723
Denmark 477
Iceland 458
Netherlands 432
United Kingdom 389
Belgium 380
Sweden 340
France 338
Austria 299
Spain 251
Germany 246
Finland 205
Australia 205
Portugal 188
Canada 157
Italy 151
Greece 141
Ireland 872
Switzerland 723
Denmark 477
Iceland 458
Netherlands 432
United Kingdom 389
Belgium 380
Sweden 340
France 338
Austria 299
Spain 251
Germany 246
Finland 205
Australia 205
Portugal 188
Canada 157
Italy 151
Greece 141
(For comparison, total banking assets in the U.S. are equal to approximately 82 percent of GDP.
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