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.
The Richtopian Vision
Join Our Newsletter
- 3,245,344 all-time readers
- The New Queen of Jewellery: An Interview With Alyssa Smith
- 11 Amazing Examples of Disruptive Technology
- 17 Great Examples of Effective Leadership and Strategy
- What Is Social Marketing? And How Does It Work?
- Why These Big Brands Chose the Colours of Their Logos
- Green for Go: The Rise in Veganism and Changes in Consumer Consciousness
- Workplace Culture: How to Encourage Collaboration
- Grant Cardone Shares His Principles for Life & Success (Exclusive Interview)
- Economists Top 100: From Joseph Stiglitz to Michael Porter, These Are the Most Influential Economists in the World