Long, but worth the read, paper published by the Bank of England:
http://www.scribd.com/doc/109588372/Fs-Paper13
http://www.bankofengland.co.uk/publications/Documents/fsr/fs_paper13.pdf
Look at page 7 where it lists how many banking crisis' and defaults per year under various systems.
Pre-gold standard (1820-1869): 0.6 and 0.7
Gold Standard (1870-1913): 1.3 and 0.9
Current (1973-2009): 2.6 and 1.3
:rimshot:
http://www.scribd.com/doc/109588372/Fs-Paper13
http://www.bankofengland.co.uk/publications/Documents/fsr/fs_paper13.pdf
Look at page 7 where it lists how many banking crisis' and defaults per year under various systems.
Pre-gold standard (1820-1869): 0.6 and 0.7
Gold Standard (1870-1913): 1.3 and 0.9
Current (1973-2009): 2.6 and 1.3
:rimshot: