Financial Crisis

From Open Risk Manual

Definition

Financial Crisis denotes any of a variety of circumstances where a number of extraordinary / unanticipated economic phenomena take place which jeopardize . The precise manifestations depend significantly on the nature of the financial system and the shocks it is experiencing.

Past financial crises are invaluable source of information for Risk Management as they reveal important information about how financial systems operate in practice as opposed to theory.

Crisis Types

See Also