A financial crisis is a more or less sudden disturbance that produces a considerable loss of value in institutions or financial assets that have a decisive influence on the progress of business and general financial and economic activity and that causes a fundamental imbalance between the demand for means of financing carried out by economic subjects and the offer made by financial entities or intermediaries. In the year 2008 in the United States, a financial crisis occurred that caused the so-called subprime mortgage crisis in October 2007. The repercussions of the mortgage crisis began to manifest themselves in an extremely serious way since the beginning of 2008, becoming first the US financial system, and then
A financial crisis is a more or less sudden disturbance that produces a considerable loss of value in institutions or financial assets that have a decisive influence on the progress of business and general financial and economic activity and that causes a fundamental imbalance between the demand for means of financing carried out by economic subjects and the offer made by financial entities or intermediaries. In the year 2008 in the United States, a financial crisis occurred that caused the so-called subprime mortgage crisis in October 2007. The repercussions of the mortgage crisis began to manifest themselves in an extremely serious way since the beginning of 2008, becoming first the US financial system, and then