financial crisis
English edit
Pronunciation edit
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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