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...
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