Bank holiday, sometimes also bank holiday, is a term taken over from the English (bank Holiday).

use of the term

In Ireland and Great Britain the holidays, which fall on a working-day, are called thus, at which many enterprises and offices are closed. Since in former times also the banks were closed on such days, also different enterprises could not work. Today usually the food retail trade at bank holidays opened.

Examples: Karfreitag, 1. May and 17. March (pc. Patrick' s Day in Ireland)

In the USA there is bank a Holiday OF 1933, which refers to an explanation of 1933, according to which it members National Bank Federal reserve was forbidden to accomplish normal banking transactions. The European bank Holidays are called in the USA Federal Holidays (federal holidays).

History of the bank holidays

In the German linguistic area the term was used not as synonym for holiday, but referred during the restaurant crisis of the 1920er and 1930er to operationally caused locking.

Current bank holidays

Bank holidays in Great Britain and IrelandRestrictions1. JanuaryNew Year2. Januaryonly Scotland17. MarchPc. Patrick's Dayonly Northern Ireland and IrelandvariableKarfreitagFirst MayMay holidayvariableOstermontagnot in ScotlandvariableWhit-mondayonly Republic of Ireland12. JulyOrangemandayonly Northern IrelandLast Monday in AugustSummer holidayin Scotland and Republic of Ireland: first Monday6. DecemberIndependence dayRepublic of Ireland25. DecemberChristmas26. DecemberBoxing Day== extraordinary bank holidays ==

An extraordinary bank holiday is one day, on which, usually on national instruction, banks closed on the entire territory of a country. Extraordinary bank holidays have usually an economical background. They are introduced usually by governments if an important reform is realized. This is usually in financial crises, particularly with high inflation and/or simultaneous depreciation of the currency the case and has the function that panic-like reactions, substantial foreign exchange purchases, to be prevented to be supposed. Domino effects are to be prevented by extraordinary bank holidays. The last well-known example of it is the Argentina crisis

Containment

Due to natural catastrophes, terrorist attacks (e.g. 11 September 2001), computer virus infestation (e.g. I love you) and can come it to commercial suspensions or to locking of stock exchanges. However it can likewise come due to a collapse of the stock market to commercial suspensions, meanwhile the bank enterprise however continues to go. These events are not to be titulieren as bank holiday. Salient characteristic of these events are also considerable sharp falls in prices of indices or individual values.

Objections

1. The word does not give it at all

There is very probably the term and also in usual dictionaries is led

2. Use in Germany

In Germany it is used only for locking days of the stock exchange, which are not identical to a national holiday.

3. legal holiday

In former times the English term with legal holiday was translated, since according to www.uebersetzungsfalle.de the term bank holiday was already otherwise occupied: Days were called bank holiday in Germany, on which the bank had closed, because no money was there (deflation 30's).

Since this statement does not apply any longer, also the reason for this translation is void.

See also

• Suspension of the trade

Related links

• Commercial calendar of the German stock exchange AG, Frankfurt/Main

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