What are the major financial crisis?
The 7 crises that will be presented are the Great Depression 1932; the Suez Crisis 1956; the International Debt Crisis 1982; the East Asian Economic Crisis 1997-2001; the Russian Economic Crisis 1992-97, the Latin American Debt Crisis in Mexico, Brazil and Argentina 1994-2002, and the Global Economic Recession 2007-09.
What are the types of financial crisis?
Types
- Banking crisis.
- Currency crisis.
- Speculative bubbles and crashes.
- International financial crisis.
- Wider economic crisis.
- Strategic complementarities in financial markets.
- Leverage.
- Asset-liability mismatch.
How do you explain financial crisis?
In a financial crisis, asset prices see a steep decline in value, businesses and consumers are unable to pay their debts, and financial institutions experience liquidity shortages. A financial crisis may be limited to banks or spread throughout a single economy, the economy of a region, or economies worldwide.
What jobs suffer in a recession?
Here’s a list of the best recession-proof jobs for a variety of education and skill levels:
- Medical & healthcare providers (Healthcare industry)
- IT professionals (Tech industry)
- Utility workers.
- Accountants.
- Credit and debt management counselors.
- Public safety workers.
- Federal government employees.
Who is hurt during a recession?
Women Hurt More Than Men In The Recession, But It’s More Complicated Than That. Senior Contributor. More than 25 million people have lost their jobs in the past two months. Women feel the economic downturn more acutely than men.
Who was most affected by 2008 financial crisis?
Top 10 Most Affected Countries: Sept. 2008–May 2009
| Rank | Country | Currency Depreciation(%) |
|---|---|---|
| 1 | Ukraine | -59.9 |
| 2 | Argentina | -21.4 |
| 3 | Hungary | -18.9 |
| 3 | Poland | -35.2 |