In 1720, the burst of the South Sea Bubble in London, the bubble which inspired Adam Smith, was accompanied by a similar crash in Paris, known as the Mississippi Bubble. In the aftermath, people lost their trust in capital markets and the creation and trading of joint stock companies were sharply curtailed for a century.
May I wish the Board of Directors, the management and the staff of the bank the very best of success in their new endeavour. 2  BIS Review 67/2006