financial crisis
A financial crisis refers to a sudden and severe disruption in the stability and functioning of a financial system, characterized by a significant decline in asset prices, financial institution failures, liquidity shortages, and an overall loss of confidence in the financial system.
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Related Concepts (4)
Similar Concepts
- banking sector crisis
- credit crunch
- currency crisis
- debt crisis
- economic downturn
- external debt crisis
- financial challenges
- financial distress
- financial restructuring
- financial stability
- financial status
- financial stress
- fiscal responsibility in times of crisis
- global financial crisis
- sovereign debt crisis