Understanding Economic Crisis and Their Impact on the Indian Economy
Material type:
- Sri
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A financial crisis is a sudden disturbance to financial markets that disrupts the market's capacity to allocate capital. Investments in the market come to a halt. Financial crises include: stock markets crashes, currency crises, credit crunch and liquidity crises. Many theories have been developed by economists to observe and prevent financial crises, as well as economic recession. The financial crisis of 2008 was a major financial disaster, which had an impact not only on the US but also on the Indian markets.
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