financial crises
Markets in freefall
Financial crises are periods when financial systems seize up—banks fail, markets crash, credit freezes, or currencies collapse.
The term covers events from stock market panics to sovereign debt defaults.
A financial crisis typically spreads beyond its origin point: The 2008 financial crisis began with U.S. mortgages but triggered a global recession.
The plural form often appears in discussions of economic history or policy designed to prevent recurrence.
- systemic riskEconomy-wide collapse potential
- bailoutEmergency aid preventing bankruptcy
- credit crunchSevere reduction in lending
- Great RecessionMajor 2008 economic decline
- recessionProlonged economic decline
depression · subprime mortgage · bubble · collapse · bankruptcy · meltdown · stock market crash · market panic · inflation · Black Monday · bear market · sovereign debt · credit default swap · capital flight · speculative trading · hedge funds · quantitative easing · Keynesian economics
- wealthriches, wealth, fortune, affluence, prosperity
- US bankingFDIC, Fed, national banks, bank runs, bank failures
- Banking Historybank runs, bank failures, central banks, Federal Reserve, gold standard
- early bankingmoney changers, moneylenders, moneylending, money lending, loans
- Money Historymoney, coins, currency, coinage, gold coins
- public debtnational debt, sovereign debt, federal debt, public debt, government bonds
financial criseseconomic stability
Sustained healthy financial conditions
financial stability · steady state · prosperity · economic prosperity · economic booms
financial criseseconomic booms
Periods of rapid prosperity
bull runs · asset bubbles · irrational exuberance · easy money
finance, crisis, finances, financial, financing, financed, crises, financier, financially