credit crunches
Banks stop lending
Credit crunches is the plural of credit crunch—a sudden tightening of lending by banks and financial institutions.
During credit crunches, loans become harder to obtain and more expensive, often triggering economic slowdowns.
The term gained wide currency during the 2007–2008 financial crisis: The credit crunch left many businesses unable to secure financing.
- debtsSums owed to others
- debt spiralSelf-perpetuating financial decline
- defaultsPreset options or failures
- meltdownCatastrophic loss of control
- Wall Street crashCatastrophic stock exchange collapse
bankruptcies · deleveraging · contagion · recession · domino effect · crashes · liquidity crisis · financial crisis · squeezes · panics · sovereign debt · austerities · capital flight · systemic risk · asset bubbles · bank run · economic downturns · bailouts
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