financial crisis
English
Pronunciation
Audio (AUS) (file)
Noun
financial crisis (plural financial crises)
- An episode of sharp instability in the global or a local financial system in which financial assets lose a significant proportion of their value, often caused by the bursting of an economic bubble.
Translations
episode of instability in financial systems
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See also
- bank run
- bubble
- economic crisis
- recession
References
- Guttmann, Robert (2015), “Financial crisis”, in Louis-Philippe Rochon; Sergio Rossi, editors, The Encyclopedia of Central Banking, Edward Elgar Publishing, →ISBN, pages 185–87