financial crisis wikipedia - EAS
- 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.en.wikipedia.org/wiki/Financial_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
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See moreBanking crisis
When a bank suffers a sudden rush of withdrawals by depositors, this is called a bank run. Since banks lend out most of the cash they receive in deposits (see fractional-reserve banking),...
See moreAustrian theories
Austrian School economists Ludwig von Mises and Friedrich Hayek discussed the business cycle starting with Mises' Theory of Money and Credit, published in 1912.
Marxist theories
Recurrent major...
See moreA noted survey of financial crises is This Time is Different: Eight Centuries of Financial Folly (Reinhart & Rogoff 2009), by economists
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See moreGeneral perspectives
• Walter Bagehot (1873), Lombard Street: A Description of the Money Market.
• Charles P. Kindleberger and Robert Aliber (2005), Manias, Panics, and...
See moreWikipedia text under CC-BY-SA license - https://en.wikipedia.org/wiki/Financial_crisis_of_2007–2008
The financial crisis of 2008, or Global Financial Crisis, was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929). Predatory lending targeting low-income homebuyers, excessive risk-taking by global financial institutions, and the bursting of the United States housing bubble culminated in a "perfect storm." Mortgage …
Wikipedia · Text under CC-BY-SA license - https://en.wikipedia.org/wiki/Global_financial_crisis_in_2009
By March 9, 2009, the Dow had fallen to 6440, a percentage decline exceeding the pace of the market's fall during the Great Depression and a level which the index had last seen in 1996. On March 10, 2009, a countertrend bear market rally began, taking the Dow up to 8500 by May 6, 2009. Financial stocks were up more than 150% during this rally.
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- https://en.wikipedia.org/wiki/Financial_crisis_of_1914
The European liquidation of American securities in 1914 (also called the financial crisis of 1914) was the selloff of about $3 billion (equivalent to $77.51 billion in 2020) of foreign portfolio investments at the start of World War I, taking place at the same time as the broader Crisis of 1914. Together with loans to finance the Allied War ...
- https://en.wikipedia.org/wiki/Global_financial_crisis_in_September_2008
Developing global financial crisis [ edit] Beginning with bankruptcy of Lehman Brothers at midnight Monday, September 15, 2008, the financial crisis entered an acute phase marked by failures of prominent American and European banks and efforts by the American and European governments to rescue distressed financial institutions, in the United ...
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- https://simple.wikipedia.org/wiki/Financial_crisis_of_2007–2008
The financial crisis of 2007–2008 was a major financial crisis, the worst of its kind since the Great Depression in the 1930s. Until the COVID-19 recession, the financial crisis of 2007-2008 is considered the worst financial crisis during the 21st century. In September 2008 many large financial firms in the United States collapsed, merged, or ...
- https://en.wikipedia.org/wiki/1997_Asian_financial_crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion.However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the Tom Yam Kung crisis; Thai: …
- https://en.wikipedia.org/wiki/List_of_economic_crises
Greek government-debt crisis (2009–2019) 2010–2014 Portuguese financial crisis. 2012–2013 Cypriot financial crisis (2012 - 2013) Crisis in Venezuela (2012-now) Russo-Ukrainian War (2014-now) 2014 Russian financial crisis. 2014-2017 Brazilian …
- https://en.wikipedia.org/wiki/European_debt_crisis
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted …
- https://en.wikipedia.org/wiki/British_credit_crisis_of_1772-1773
The British credit crisis of 1772-1773 also known as the crisis of 1772, or the panic of 1772, was a peacetime financial crisis which originated in London and then spread to Scotland and the Dutch Republic. [1] It has been described as the first modern banking crisis faced by the Bank of England. [2] New colonies, as Adam Smith observed, had an ...
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