financial crisis
Definition
A situation in which the supply of money is outpaced by the demand for money. This means that liquidity is quickly evaporated because available money is withdrawn from banks (called a run), forcing banks either to sell other investments to make up for the shortfall or to collapse. See also recession.
financial crisis is in the Economics, Politics, & Society subject.
financial crisis appears in the definitions of the following terms: economic crisis, financial contagion, currency crisis and stock market crash
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