A financial crisis
A financial crisis is often associated with a panic or a bank run where investors sell off assets or withdraw money from savings accounts.
- Asset prices drop in value.
- Consumers are unable to pay their debts.
- Financial institutions experience liquidity shortages.
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Causes of a financial crisis
Generally, a crisis is caused if institutions or assets are overvalued, and can be worsened by panic and herd-like investor behaviour.
Contributing factors include systemic failures, unexpected or uncontrollable human behaviour, regulatory absence or failures, or contagions that is like a ...
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