7 See the discussion of costs and references in G. Bascand, “Financial stability – risky, safe, or just right?” A speech delivered to UBS Australasia Conference 2018, Sydney, Australia, 13 November 2018. 5  If you ask someone who’s lived through a banking crisis, they’ll likely tell you that the impacts were not only significant, but lasting.
Perhaps the person you talk to may have lost their job as a result of the crisis, and if not, it might have been their spouse, a friend, or a neighbour.