credit crisis
Banks stop lending
A credit crisis is a sudden, severe contraction in the availability of loans and credit.
Banks become unwilling or unable to lend, borrowers can't access funds, and economic activity seizes up.
The term often refers to the 2008 global financial crisis, when mortgage defaults triggered a collapse in lending: The credit crisis wiped out trillions in wealth.
- financialRelating to money
- meltdownCatastrophic loss of control
- subprimeUnder top credit tier
- mortgageSecured home loan
- collapseSudden structural failure
bailout · too big to fail · recession · liquidity · bank · bank run · default · toxic · debt · Lehman · 2008 · foreclosure · contagion · panic · Wall Street · Main Street · fire sale · lending
- economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
- Financial CrisisGreat Recession, recession, bank failures, market crash, housing crash
- fiscal crisisfiscal emergency, insolvency, budget deficit, debt restructuring, bankruptcy protection
- market risksmarket risk, market crash, market volatility, market correction, market panic
- Interwar EconomicsGreat Depression, interwar period, hyperinflation, gold standard, New Deal
- Wall Street historystock exchange, speculative bubbles, ticker tape, bull markets, bear markets
credit crisisboom
Loud deep sound
economic boom · bull market · economic expansion · prosperity · economic prosperity
credit crisisfinancial stability
Sound economic standing
economic stability · market stability · easy credit · financial health · credit availability
credit, crisis, credits, credited, crediting, creditor, creditors, creditable, accredit