Financial crisis
Copy link
Link copied to clipboard
In general, a financial crisis is defined as a situation where significant financial assets, such as shares or real estate, suddenly experience a sharp decline in value. In most cases, a financial crisis is preceded by an economic boom and excessive lending to debtors, i.e. it is an economic crisis caused by problems related to a country’s financial or currency system. If this happens, the financial system loses value and credibility.
Follow us
