A financial crisis occurs when the value of a financial institution or an asset drops very quickly. Financial crises, which are sometimes referred to as "economic downturns," are often associated with panic as investors, fearing that the value of their assets will drop if they remain at a particular financial institution, sell off assets or withdraw money from banks. If a financial crisis is prolonged and occurs over several months, it can lead to a recession or a depression. The main... więcej
Salem Press Encyclopedia, 2020. 2p.