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Once the rumor got started that Asia was in trouble,
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these people started withdrawing their money faster and faster
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and it caused failures of domestic banks in these countries.
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There's also the Argentine Crisis of 2000-2002.
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Once again, i won't get into all the details of this,
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but it ended up with a run on the Argentine banks.
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Again, there was a loss of confidence
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in the time of an economic crisis
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and people wanted to withdraw their money from the banks.
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The government was panicked
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because the banks didn't have enough money to give it to them,
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so the government shut down the bank accounts