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
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... 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 ...
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... Economy of Latvia Global financial crisis of 2008–2009 2008–2009 Russian financial crisis 2008–2012 Icelandic financial crisis List of bankrupt or acquired ...
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