Financial crisis
hideThe term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their 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.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.
For more information about Financial crisis, read the full article at
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News tagged with financial crisis
Gore, others urge CEOs to back climate change deal
May 24, 2009 |
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(AP) -- Climate-change heavyweights U.N. chief Ban Ki-moon and Nobel prize winner Al Gore urged more than 500 business leaders on Sunday to lend their corporate muscle to reaching a global deal on reducing ...
Installed cost of solar photovoltaic systems in the US fell in 2008
Oct 21, 2009 |
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Researchers at the Department of Energy's Lawrence Berkeley National Laboratory released a new study on the installed costs of solar photovoltaic (PV) power systems in the U.S., showing that the average cost ...
Avoiding social potholes on your career path
Other Sciences / Social Sciences
May 14, 2009 |
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In today's financial crisis, networking know-how is a necessity for finding jobs and business opportunities. But a series of new studies by Dr. Yuval Kalish of the Leon Recanati Graduate School of Business Administration ...
Global CEOs back greenhouse gas cuts, carbon caps
May 26, 2009 |
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(AP) -- A global summit of business leaders urged governments to order steep and mandatory cuts in greenhouse gases Tuesday, favoring a cap-and-trade system instead of a tax to set a market price for carbon ...
Lessons from the past can clarify banking crisis
Nov 14, 2008 |
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Stricter regulation of the financial services sector is likely to result from the latest upheaval in national and global markets. It is being demanded by politicians of all parties while the Financial Services Authority, ...
Solar industry faces head winds but remains hopeful
Jan 22, 2009 |
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Solar-industry executives paint a bright future for their industry, one where photovoltaic panels adorn roofs of homes and businesses and huge power plants capture the sun's rays to generate electricity. But the industry ...
New study calls for global project finance reform
Dec 28, 2008 |
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The worldwide financial crisis puts a new emphasis on infrastructure spending, seen by many governments as a way to head off economic downturn, and as a way of holding on to achievements made in the developing world. Recent ...
Families are feeling the stress of economic crisis, researcher finds
Other Sciences / Social Sciences
Mar 12, 2009 |
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There is no question that the recent economic crisis has wreaked havoc on companies and on families across the country. Now, a recent study of 300 married, working couples conducted by Wayne Hochwarter, the Jim Moran Professor ...
Airlines wary of 2020 carbon-neutral target
Jun 09, 2009 |
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Crisis-hit airlines said Tuesday that a plan to cap the growth of the industry's emissions by 2020 was ambitious and costly but agreed on the urgency of fighting climate change.
Financial Crunch May Isolate Friends and Family
Jan 23, 2009 |
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People who lose a job or who are in the midst a financial crisis often are reluctant to talk about their struggles and may isolate themselves from friends and family.
China: Will ensure stimulus protects environment
Jun 05, 2009 |
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(AP) -- China said Friday it will strictly monitor the government's economic stimulus package for projects that cause pollution, addressing worries that officials would ignore the environment in an effort to maintain China's ...
Older Americans: How they are faring in the recession
Sep 16, 2009 |
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(PhysOrg.com) -- Older Americans have weathered the financial crisis relatively well, although many now expect to work longer than they did just a year ago, according to a University of Michigan study released on Capitol ...
India's Infosys posts 7.5 pct jump in quarterly profit
Oct 09, 2009 |
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Infosys Technologies, India's second-biggest software firm, posted Friday a surprise 7.5 percent quarterly jump in net profit as an improving global economy eased price-cutting pressure.
Africa world's fastest growing mobile phone market
Oct 23, 2009 |
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(PhysOrg.com) -- Mobile phone subscriptions in Africa have defied the world economic crisis by growing faster than in any other region of the world since 2003, according to a United Nations report published ...
The global financial crisis is bad for more than just your pocket
Nov 16, 2009 |
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One in four Australian adults has taken an action that puts their health at risk as a result of the global financial crisis (GFC), according to a new MBF Healthwatch poll.
