Financial Crisis

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 crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth; they do not directly result in changes in the real economy unless a recession or depression follows.

Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.

Read more about Financial Crisis:  History

Other articles related to "crisis, financial crisis":

Lewis Ranieri - Career
... under major scrutiny for their role in the subprime mortgage crisis the United States housing bubble and the Financial crisis of 2007-2010, critics have taken aim at Ranieri ... Robert Mundell inserted Ranieri among the "Five Goats Who Contributed to the Financial Crisis" of 2008 with President Bill Clinton, former AIG head Hank Greenberg ... in subprime mortgages could lead to a financial crisis, Ranieri commented "I think is containable ...
Latvian Financial Crisis (2008– )
... The 2008 Latvian financial crisis, which stemmed from the global financial crisis of 2008–2009, was a major economic and political crisis in Latvia ... The crisis was generated when an easy credit market burst, resulting in an unemployment crisis, along with the bankruptcy of many companies ...
Financial Crisis - History - 21st Century
... companies crashed 2008-2009 - Icelandic financial crisis 2007–12 – Financial crisis of 2007–2012, including the 2010 European sovereign debt crisis ...
Late-2000s Financial Crisis - Background - Subprime Lending
... an increase in the amount of subprime lending during the years preceding the crisis ... Wallison, believe that the roots of the crisis can be traced directly to affordable housing policies initiated by HUD in the 1990s and to massive risky loan ... The majority report of the Financial Crisis Inquiry Commission (written by the 6 Democratic appointees without Republican participation), studies by Federal Reserve economists, and the work of several ...
Latvian Financial Crisis (2008– ) - See Also
... Economy of Latvia Global financial crisis of 2008–2009 2008–2009 Russian financial crisis 2008–2012 Icelandic financial crisis List of bankrupt or acquired ...

Famous quotes containing the words crisis and/or financial:

    Computerization brings about an essential change in the way the worker can know the world and, with it, a crisis of confidence in the possibility of certain knowledge.
    Shoshana Zuboff (b. 1951)

    Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.
    Augustus Y. Napier (20th century)