Financial crisis
From The Art and Popular Culture Encyclopedia
(Redirected from Economic crisis)
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A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal 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.
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See also
- Bailout
- Bank run
- Credit crunch
- Financial stability
- Flight-to-liquidity
- Global debt levels
- Kondratiev waves
- Lender of last resort
- Liquidity crisis
- Macroprudential policy
- Nikolai Kondratiev
- Real estate bubble
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