The economic Crise is characterized by a deep reversal of the economic situation of a country, a nation or a more important geographical area. An economic crisis often begin with a Krach, but its repercussions are broader: the period of recession then committed often results in a rise of unemployment, many bankruptcies, social strains and often by falls of wages and purchasing power.
A light form is the recession, a major form is the depression
The theory of the business cycles integrates the economic crisis like a recurring event of the economic history. At the XXe century, the history was marked by 3 major economic crises.
The economic crises appear everywhere where a Autorégulation is lacking. The currency, excel regulating of the companies rural or wandering, does not play any more regulating role - and even a factor of instability constitutes - in a company where the fixed overhead standing prevail. It is the case in particular immaterial investments (in particular studies and development).
See also: List of the monetary and financial crises
- 1973 and 1979: two oil crises
- 1993: crisis of the EMS (European Monetary System)
- 1994: Mexican Economic crisis (caused by a Devaluation of the Mexican Peso)
- 1997: Asian Economic crisis (Southeast Asia)
- 1998: Russian Financial crisis of 1998
- 1998 - 2002: Argentinian Economic crisis
- 2002: Turkish crisis (devaluation of the Turkish lira)
|Random links:||Villeny | Tanda | The Colbert Carryforward | Longone Al Segrino | Such-Mond (Israel) | John_Volkman|