Biggest casualty of WWIII - fractional reserve banking?

[atiff]

Hi all,

One thing I keep wondering about is the effect of the Twilight War smashing up the fractional reserve banking system. EMP would wipe out lots of digital records, and bank runs would wipe out pretty much all banks, I would imagine. I think this would lead to massive social problems, to put it mildly...

- The shooting war starts in China, interest rates go up (risk) and stocks go down; bank runs shut some institutions, refinancing debt kills off some companies
- Ditto again when Germany opens up the European front, but possibly larger scale given the central role of Germany in European banking
- First nuke attacks wipe out China's ability to repay debt; banks forced over the edge in writing off Chinese loans that paid for military equipment?
- Nuke attacks in Europe and North America gut the electronic banking system, shutting down most/all major forms of modern commerce, and economies grind to a halt.

Has anyone put thought into this area of effect of the conflict?