financial crisis

English

Pronunciation

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Noun

financial crisis (plural financial crises)

  1. 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

See also

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
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