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
- 2,234,004 all-time users
WHAT IS RICHTOPIA?
WOMEN IN LEADERSHIP
- 11 Amazing Examples of Disruptive Technology
- Women Leaders Top 250: From Melinda Gates to Michelle Obama, These Are the Most Influential Women in the World
- Review of the 6 Major Blockchain Protocols
- Top 100 Blockchain Insiders: From Marc Andreessen to Vitalik Buterin, These Are the Most Influential People in the Crypto Sphere
- Africa Exclusive: Property Investment in Lagos, Nigeria
- Top 100 Blockchain Organisations: From CoinDesk to BitPay, These Are the Most Influential Organisations in the Distributed Ledger Space
- Top 20 Most Sustainable Multinational Corporations Worldwide
- Economists Top 100: From Paul Krugman to Michael Porter, These Are the Most Influential Economists in the World
- Tourism, Nationalism and the De-Cosmopolitanisation of Culture in Bali