financial crisis
Market panic event
A financial crisis is a severe disruption in financial markets or institutions, typically involving sharp declines in asset values, bank failures, or credit freezes.
The term covers events ranging from stock market crashes to currency collapses to sovereign debt defaults.
The 2008 financial crisis triggered a global recession.
A financial crisis often spreads beyond markets to affect the broader economy through unemployment and reduced lending.
- bank runPanicked mass withdrawal
- bank failureFinancial institution collapse
- recessionProlonged economic decline
- collapseSudden structural failure
- bankruptcyLegal status when insolvent
systemic risk · credit crunch · crash · bear market · stock market crash · bailout · subprime mortgage · housing bubble · contagion · market panic · unemployment · too big to fail · austerity measures · fiscal cliff · deflation · Lehman Brothers · sovereign debt · quantitative easing
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- Korea 1990sdemocratization, chaebol, Hyundai, Samsung, presidential elections
- Spanish economyeconomic growth, economic decline, economic reforms, peseta, recession
- crisesemergency, disaster, natural disaster, catastrophe, calamity
- modern economicsGDP, GDP growth, recession, inflation, interest rates
- 2000s History9/11, September 11, Iraq War, Afghanistan War, Arab Spring
financial crisiseconomic boom
Sustained period of growth
prosperity · financial stability · economic expansion · bull market · economic growth
financial crisisirrational exuberance
Unjustified collective market optimism
investor confidence · bull run · market rally · risk appetite · animal spirits
finance, crisis, finances, financial, financing, financed, financially, refinance, nonfinancial