financial crisis
Appearance
English
[edit]Pronunciation
[edit]Audio (General Australian): (file)
Noun
[edit]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
[edit]episode of instability in financial systems
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See also
[edit]References
[edit]- Guttmann, Robert (2015) “Financial crisis”, in Louis-Philippe Rochon, Sergio Rossi, editors, The Encyclopedia of Central Banking, Edward Elgar Publishing, →ISBN, pages 185–87