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financial crisis

A collapse in the price of financial obligations, which may lead to a collapse in the economy. The major financial crisis in the history of world finance took place after the Wall Street ...

financial crisis

financial crisis   Quick reference

A Dictionary of Economics (5 ed.)

Reference type:
Subject Reference
Current Version:
2017
Subject:
Social sciences, Economics
Length:
163 words

...financial crisis The collapse, or potential for collapse, of a financial institution that threatens the stability of the financial system. The financial institution may be a bank unable to continue trading or a sovereign nation unable to meet its obligations. The key feature of a financial crisis is its systemic nature. For example, the failure of a single bank is not a crisis but may become a crisis if the failure threatens the collapse of other financial institutions. A financial crisis can lead to bank runs , widespread bankruptcy, considerable default ...

financial crisis

financial crisis   Quick reference

A Dictionary of Finance and Banking (6 ed.)

Reference type:
Subject Reference
Current Version:
2018

... crisis A collapse in the price of financial obligations, which may lead to a collapse in the economy. The major financial crisis in the history of world finance took place after the Wall Street Crash of 1929 . This crisis led to a widespread failure in the US banking system and the interwar recession. The 1980s and 1990s saw a number of financial crises, notably in Russia, South-East Asia, and Latin America, but none of these had an impact spreading to the international economy. In the late 2000s reckless subprime lending in the US mortgage...

financial crisis

financial crisis   Quick reference

A Dictionary of Finance and Banking (5 ed.)

Reference type:
Subject Reference
Current Version:
2014

... crisis A collapse in the price of financial obligations, which may lead to a collapse in the economy. The major financial crisis in the history of world finance took place after the Wall Street Crash of 1929 . This crisis led to a widespread failure in the US banking system and the interwar recession. The 1980s and 1990s saw a number of financial crises, notably in Russia, South-East Asia, and Latin America, but none of these had an impact spreading to the international economy. In the late 2000s reckless subprime lending in the US mortgage industry,...

financial crisis

financial crisis   Quick reference

A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
138 words

... crisis A collapse in the price of financial obligations, which may lead to a collapse in the economy. The major financial crisis in the history of world finance took place after the Wall Street Crash of 1929 . This crisis led to a widespread failure in the US banking system and the interwar recession. The 1980s and 1990s saw a number of financial crises, notably in Russia, South-East Asia, and Latin America, but none of these had an impact spreading to the international economy. In the late 2000s reckless subprime lending in the US mortgage...

financial crisis

financial crisis   Quick reference

A Dictionary of Human Geography

Reference type:
Subject Reference
Current Version:
2013
Subject:
Social sciences, Human Geography
Length:
298 words

...the global financial crisis of 2007–2009 many financial institutions went bust, were bought by more solvent institutions, or went into public ownership. Lending also dried up, leading to a crisis of liquidity for many firms and households. Like previous financial crises the geography of the 2007–2009 crisis was uneven, and thus ‘global’ in a differentiated way. For instance, Canadian finance was not badly affected by the crisis, whereas financial institutions based in Britain and the US (but with worldwide operations) were. See also debt crisis...

financial crisis

financial crisis   Reference library

Dictionary of the Social Sciences

Reference type:
Subject Reference
Current Version:
2002
Subject:
Social sciences
Length:
254 words

... crisis A sharp deterioration of a group of financial indicators, such as short-term interest rates and asset prices, potentially also accompanied by failures of financial institutions. Such crises have been a long-term subject of interest in economics and have begun to generate a broader body of interdisciplinary research in the social sciences as economies become more financially interdependent. A financial boom or bubble is characterized by a shift of wealth out of money holdings and into real and long-term financial assets—stocks or bonds, for...

Financial Crisis

Financial Crisis   Quick reference

Andrew Baker

A Concise Oxford Dictionary of Politics and International Relations (4 ed.)

Reference type:
Subject Reference
Current Version:
2018
Subject:
Social sciences, Politics
Length:
1,167 words

... Crisis ( 2008 ) Financial crises involve a sudden pronounced drop in the market value or price of a financial asset or instrument. Falling asset prices are likely to result in an unwillingness to hold or buy a particular type of financial asset amongst market participants and investors. Many contemporary financial institutions’ risk management models are price-sensitive, so that falling prices create an imperative to sell those assets. In a situation of falling market prices, a downward self-perpetuating spiral can quickly take hold, producing an...

Financial Crisis

Financial Crisis (2008)   Reference library

Robert Crowcroft

The Oxford Companion to British History (2 ed.)

Reference type:
Subject Reference
Current Version:
2015
Subject:
History, Regional and National History
Length:
313 words

... Crisis , 2008 The financial crisis of late 2008 rocked the world and inflicted serious damage to the British economy. The subsequent downturn was the longest since the Second World War , lasting five years. Even when growth returned, it was anaemic and fragile. Britain was left with a huge increase in the national debt and facing an uncertain economic future. The precise origins of the ‘crash’, as it was called, remain difficult to identify, partly because political partisanship has not been in short supply. A crisis in the American housing market...

Financial Crisis

Financial Crisis   Reference library

The New Oxford Companion to Economics in India (3 ed.)

Reference type:
Subject Reference
Current Version:
2012

... Crisis A financial crisis is seen as occurring when the inability of one or a group of economic agents to meet commitments to creditors or investors in financial instruments leads to bankruptcies and/or the sale of assets, which in turn results in the collapse of asset prices and threatens the financial viability of related enterprises. Most often the event is accompanied by a freezing or slowing of the flow of credit that adversely affects the real economy. There have been a number of instances of financial crises throughout the history of capitalism....

Financial Crisis, 2008

Financial Crisis, 2008   Quick reference

A Dictionary of British History (3 ed.)

Reference type:
Subject Reference
Current Version:
2015
Subject:
History, Regional and National History
Length:
252 words

... Crisis, 2008 The global financial crisis of late 2008 inflicted serious damage to the British economy. The subsequent downturn was the longest since the Second World War . Even when growth returned, it was anaemic and fragile. The precise origins of the crash remain difficult to identify. A crisis in the American housing market rapidly spread, threatening the complex interconnectivity of major international banks, several of which were British. Within weeks, it became clear that banks were over-leveraged and unable to raise funds. The prospect of a...

global financial crisis

global financial crisis (2008)   Quick reference

A Dictionary of Contemporary World History (5 ed.)

Reference type:
Subject Reference
Current Version:
2019
Subject:
History, Contemporary History (post 1945)
Length:
338 words

...global financial crisis , 2008 The most serious global financial crisis since the Great Depression had its origins in the ready availability of capital and low interest rates at the start of the twenty-first century. Money was lent too easily by banks without prudent assessment of risk. The crisis developed out of the US housing market where many loans had been made to house purchasers who could not afford them. These ‘sub-prime’ loans were then sold on by banks as safe investments, but when the US housing market went into decline in 2006 , these loans...

Financial Crisis of 2008

Financial Crisis of 2008   Reference library

Edward Ashbee

The Oxford Companion to American Politics

Reference type:
Subject Reference
Current Version:
2012
Subject:
Social sciences, Politics, Regional and Area Studies
Length:
6,729 words

... http://www.cfr.org/financial-crises/statement-g-20-summitnovember-2008/p17778 . Federal Reserve Board. “ Remarks by Governor Ben S. Bernanke: The Global Saving Glut and the U.S. Current Account Deficit. ” March 10, 2005, http://www.federalreserve.gov/boarddocs/speeches/2005/200503102/ . Financial Crisis Inquiry Commission. The Financial Crisis Inquiry Report . (New York, 2011). Foster, John Bellamy, and Fred Magdoff. The Great Financial Crisis: Causes and Consequences . (New York, 2009). Friedman, Jeffrey. “ Three Myths about the Crisis: Bonuses,...

Financial Crisis of 2008

Financial Crisis of 2008   Reference library

Edward Ashbee

The Oxford Companion to Comparative Politics

Reference type:
Subject Reference
Current Version:
2012
Subject:
Social sciences, Politics
Length:
6,710 words

...financial-crises/statement-g-20-summit-november-2008/p17778 . Federal Reserve Board . “Remarks by Governor Ben S. Bernanke - The Global Saving Glut and the U.S. Current Account Deficit.” March 10, 2005, http://www.federalreserve.gov/boarddocs/speeches/2005/200503102/ . Financial Crisis Inquiry Commission . The Financial Crisis Inquiry Report . (New York, 2011). Foster, John Bellamy , and Fred Magdoff . The Great Financial Crisis: Causes and Consequences . (New York, 2009). Friedman, Jeffrey . “Three Myths about the Crisis: Bonuses,...

Asian Financial Crisis (1997)

Asian Financial Crisis (1997) (in relation to China)   Quick reference

A Dictionary of Politics and International Relations in China

Reference type:
Subject Reference
Current Version:
2019
Subject:
Social sciences, Politics
Length:
135 words

...Asian Financial Crisis (1997) ( in relation to China ) A devastating economic disaster in South East Asia. It occurred when large amounts of mainly Western investment were hastily withdrawn from several countries in the region that had introduced rapid economic liberalization programmes (including unregulated inflows of foreign direct investment ), causing their economies to quickly collapse. The event acts as a cautionary reference point for countries developing and modernizing their economies, such as India and China. China aided South East Asia’s eventual...

Asian Financial Crisis (1997)

Asian Financial Crisis (1997) ((in relation to India))   Quick reference

A Dictionary of Politics and International Relations in India

Reference type:
Subject Reference
Current Version:
2019
Subject:
Social sciences, Politics
Length:
110 words

...Financial Crisis (1997) (in relation to India) A devastating economic disaster in South-East Asia. It occurred when large amounts of mainly Western investment were hastily withdrawn from several countries in the region that had introduced rapid economic liberalization programmes (including unregulated inflows of foreign direct investment ), quickly causing their economies to collapse. The event acts as a cautionary reference point for countries developing and modernizing their economies, such as India, which saw it as a lesson in the efficacy of slowly...

Southeast Asian Financial Crisis of 1997

Southeast Asian Financial Crisis of 1997   Reference library

Curtis ANDRESSEN

Berkshire Encyclopedia of China

Reference type:
Subject Reference
Current Version:
2016

...after the 1997 financial crisis . New York: Palgrave Macmillan. Gul, F. A. & Tsui, J. S. L. (2004). The governance of East Asian corporations: Post Asian financial crisis . New York: Palgrave Macmillan. Haggard, S. (2000). The political economy of the Asian financial crisis . Washington, DC: Institute for International Economics. Lee, C. H. (Ed.). (2003). Financial liberalization and the economic crisis in Asia . New York: RoutledgeCurzon. Mo, J. , & Okimoto, D. I. (2006). From crisis to opportunity: Financial globalization and East...

Comparative and International Political Economy and the Global Financial Crisis

Comparative and International Political Economy and the Global Financial Crisis   Reference library

Alison Johnston

The Oxford Encyclopedia of Empirical International Relations Theory

Reference type:
Subject Reference
Current Version:
2018
Subject:
Social sciences, Politics
Length:
8,649 words
Illustration(s):
2

...financial system . Ithaca, NY: Cornell University Press. U.S. Financial Crisis Inquiry Commission . (2011). The financial crisis inquiry report . Washington, DC: Government Printing Office. Retrieved from https://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf . Wihlborg, C. , Willett, T. , & Zhang, N. (2010). The Euro debt crisis: It isn’t just fiscal. World Economics , 11 (4), 51–77. Notes 1. This article takes a more holistic approach to the crisis by covering not only the 2008 GFC, but also the subsequent (2009) European Debt Crisis. ...

financial crisis

financial crisis  

Reference type:
Overview Page
A collapse in the price of financial obligations, which may lead to a collapse in the economy. The major financial crisis in the history of world finance took place after the Wall Street Crash of ...
12 The Economics of Print

12 The Economics of Print   Reference library

The Oxford Companion to the Book

Reference type:
Subject Reference
Current Version:
2010
Subject:
History, Social sciences
Length:
7,040 words
Publisher:
Oxford University Press
Illustration(s):
1

...of the economy. Some declines were peculiar to the trade, such as the crisis of 1826 when *Constable , Walter *Scott’s publisher, and a number of other publishers and printers failed. Yet, the trade recovered by the 1830s . Other crises were international: following the Napoleonic wars, there were economic downturns in 1819 , 1829–32 , 1837–42 , and 1847–8 ; similarly, optimism in the revival of trade after the American Civil War was short-lived. The 1864–6 monetary crisis in Britain was perhaps the most severe: it had been caused by a number of...

Democracy

Democracy   Reference library

An Oxford Companion to the Romantic Age

Reference type:
Subject Reference
Current Version:
2009
Subject:
History, modern history (1700 to 1945), Literature
Length:
5,165 words
Publisher:
Oxford University Press

...the common people [ see *riots and *policing, 7 ]. Violent protests and radical political agitation were most likely to occur in periods of crisis created by economic depression at home and revolution abroad. Bad harvests and industrial depression were particularly severe in the mid- and late-1790s, 1810–13 , 1816–20 , and 1829–32 , while the American and French *wars [2] produced high taxes, inflation, financial instability, and an economy distorted by wartime demands and commercial warfare. Soon after the end of the Napoleonic war in 1815 the economy...

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