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
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 ...
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.
Study: Credit crisis, debt load a double whammy for investment
Nov 09, 2009 |
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Firms with heavy long-term debt that came due amid the nation's recent credit crisis slashed investment more than three times as much as companies whose paybacks ducked the meltdown, a new University of Illinois study found.
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 ...
Nokia posts loss of $832 million in third quarter
Oct 15, 2009 |
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(AP) -- World-leading mobile phone maker Nokia Corp. on Thursday reported a loss of euro559 million ($832 million) in the third quarter, taking hits from a 20 percent drop in sales and a one-time charge for the fallen value ...
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.
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 ...
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 ...
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 ...
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 ...
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.
Crises lead banks to operate more opportunistically
Sep 21, 2009 |
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Financial crises place significant strain on banks, causing them to behave more opportunistically than clients are accustomed to. Business clients should count on this, according to Uppsala University business economist Kristina ...
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 ...
999: The human face of economic crisis
Sep 09, 2009 |
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As the economy continues to unravel, a series of papers published today assess the effects of the crisis on children's health, education, and rights in East Asia and the Pacific. Crisis for Children, a special issue of the ...
Financial Crisis Reduces Economic Freedom in China and the West
Jul 31, 2009 |
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(PhysOrg.com) -- The current financial crisis may reduce economic freedom as governments are likely increase intervention in a bid to protect their own economies - according to a study in Pacific Focus published by Wiley- ...
