Financial Crisis

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy (e.g. the crisis resulting from the famous …

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Publications

ERIA: Economic Research Institute for ASEAN & East Asia · 18 June 2024 English

ERIA Discussion Paper 2024-15, No. 522

measures around 40%. After the 2008 global financial crisis, the manufacturing and agriculture sectors


ORF: Observer Research Foundation · 13 June 2024 English

Introduction Launched in 2013, Chinese President Xi Jinping’s flagship scheme, the Belt and Road Initiative (BRI), also called the ‘New Silk Road’, seeks to rebuild the historical trade and infrastructural …

the 1990s and was magnified during the 2008 financial crisis and the 2011 European debt crisis, followed


IMF: International Monetary Fund · 13 June 2024 English

Selected Issues

offsetting the increase during the Global Financial Crisis (GFC).3 It was followed in 2015 by a reform However, after a boost before the global financial crisis (GFC) and European Union (EU) accession, its


ORF: Observer Research Foundation · 13 June 2024 English

Key takeaways from a year marked by profound disruption, change and innovation ladmir Lenin’s observation—“There are decades when nothing happens and weeks when decades happen” —has become a cliché in …

reversing all the gains made since the global financial crisis. In the aftermath of COVID-19 pandemic, the


IMF: International Monetary Fund · 13 June 2024 English

For two years in 2021–23, a political stalemate hampered policymaking as Bulgaria needed to stir the exit from the pandemic, cope with the global inflation shock and the fallout of …

Lagging Income Convergence Since the Global Financial Crisis (GDP p.c. in PPP in percent of EU-28 average) twenty years of growth before the global financial crisis. Bulgaria’s GVCs are well diversified, although


ERIA: Economic Research Institute for ASEAN & East Asia · 13 June 2024 English

The change in the log of Vietnamese exports to the US from 2017 to 2020 is used to measure the impact of the trade war, and the change in the …

participation rates have plateaued since the global financial crisis (GFC) and worsened with the onset of the coronavirus economy had increased after the 1997–98 Asian financial crisis. Models of FDI are estimated by utilising


IMF: International Monetary Fund · 13 June 2024 English

Oman’s potential nonhydrocarbon real GDP growth has trended downward since the global financial crisis, with a negative contribution from total factor productivity. This paper estimates productivity gains

growth has trended downward since the global financial crisis, with a negative contribution from total factor generally declined in the aftermath of the global financial crisis in many emerging markets and developing economies


CSEP: Centre for Social and Economic Progress · 12 June 2024 English

Fiscal Transfers from the Union to States and Healthcare in India (CSEP Working Paper 76). [...] The Centre for Social and Economic Progress (CSEP) conducts in-depth, policy-relevant research and provides …

of allotment, i.e., the funding the global financial crisis and the Covid pandemic. for each component


IMF: International Monetary Fund · 12 June 2024 English

The stabilizing expenditure rule (SER) in Poland has been instrumental in fostering fiscal discipline in the years leading up to the pandemic. The pandemic and subsequent shocks severely tested the …

Responsibility Law FY Fiscal Year GFC Global Financial Crisis GFSM Government Finance Statistics Manual relatively low debt levels following the Global Financial Crisis. Fiscal restraint has been supported by alignment exceptional events (such as an epidemic or a financial crisis) without undermining fiscal credibility. The economic slowdown such as arising from a global financial crisis. The correction mechanism also does not address severe growth slowdown (for example, a global financial crisis) because economic condition is not a trigger


World Bank Group · 12 June 2024 English

shown signs of fatigue since the 2008 global financial crisis. Economic growth, driven by tourism, remittances


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