Read this article: https://www.cyprusprofile.com/articles/cyprus-banking-crisis-causes-and-consequences-bailout

Watch the video:

https://www.youtube.com/watch?v=2EnaU7D80oM

And then answer the following questions

1.What is a bank run? How can severe forms of bank runs create banking crises?

2. What is systematic banking crisis? Explain.

3.Explain why recessions associated with banking crises are so costly.

4.Briefly explain why government debt builds up in the aftermath of banking crises.