> But if this happens to many banks concurrently, and nobody understands why, would central banks be able to save the situation?
Why not? If we restrict ourselves to sovereign, first world central banks (i.e. the Fed, the BoE, the ECB, et cetera), a bank holiday (to reconcile records) followed by a liquidity injection would not only be expected, it would have direct precedent from FDR's bank holiday on 6 March 1933.
Why not? If we restrict ourselves to sovereign, first world central banks (i.e. the Fed, the BoE, the ECB, et cetera), a bank holiday (to reconcile records) followed by a liquidity injection would not only be expected, it would have direct precedent from FDR's bank holiday on 6 March 1933.