History of financial crisis | View timeline
History of financial crisis
A financial crisis is a situation when money demand quickly rises relative to money supply. Until a few decades ago, a financial crisis was equivalent to a banking crisis. Today it may also take the form of a currency crisis. Many economists have come up with theories on how a financial crisis develops and how it could be prevented. There is, however, no consensus and financial crises are still a regular phenomenon. A stock market crash is an example of a financial crisis.

Added:Dec 27, 2008

Modified:Jan 22, 2009

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Tags: financialmoneydemandbankingcurrencycrisisstockmarketcrash

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