The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency cri...
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Works Written About This Topic:
- The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The IMF ,
- Money, Greed, and Risk: Why Financial Crises and Crashes Happen ,
- This Time is Different ,
- THE GLOBAL ECONOMIC CRISIS. The Great Depression of the XXI Century
