The term financial crisis is applied broadly to a 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.
You may also like
About the author
Information to enrich your life.
WELCOME TO RICHTOPIA
- 2,428,613 all-time users
- 11 Amazing Examples of Disruptive Technology
- Review of the 6 Major Blockchain Protocols
- Africa Exclusive: Property Investment in Lagos, Nigeria
- What Is Social Marketing? And How Does It Work?
- 17 Great Examples of Effective Leadership and Strategy
- 7 Wealth Habits of the World’s Richest People
- Five Fundamental Principles From Adam Grant's "Give and Take" Book
- 6 Key Attitudes of Successful Leaders
- Workplace Culture: How to Encourage Collaboration