It's well known that during, for example, the recent Argentinian great depression (1998-2002) or the ongoing Greek government-debt crisis, the bank accounts of members of the public were frozen, and clients were unable to access cash due to withdrawal rationing and a run on the banks, and similar. What typically happens to brokerage accounts during similar situations?
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What typically happens to brokerage accounts during similar situations?
This depends on country, time and situation. Nothing is predictable in such situations. In Greece during the said period the stock exchanges were closed for 5 weeks. There was no trading.
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Every situation is different and it would be unfair to compare one against another or use it to predict something else. Right now in India due to demonitization, cash withdrawal is limited. One can trade in stocks, unlimited bank transfers, transfer money out of India ...etc. Everything same except for cash withdrawal. In 1990, the ASEAN countries survived a financial collapse, everything was allowed except moving money out of country.
Dheer
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