What were the effects of the bank crisis on international politics?

The bank crisis, particularly the 2008 financial crisis, significantly reshaped international politics by increasing skepticism towards globalization and free-market policies. It led to a rise in protectionism and populism, as countries prioritized national interests over international cooperation. Additionally, it prompted reforms in financial regulation and the establishment of new international financial institutions to enhance oversight, altering the dynamics of global governance. The crisis also intensified geopolitical tensions, as economic instability affected diplomatic relations and power balances among nations.