FINANCIAL CRISES, THEIR CAUSES AND THEIR IMPACT ON THE ECONOMIES OF COUNTRIES

Авторы

  • Gulchekhra Khusanova Nordic International University

Ключевые слова:

Financial crises, production, economic growth, macroeconomic indicators

Аннотация

Financial crises are significant economic disruptions characterized by sharp declines in asset prices, banking failures, and a loss of confidence among investors and consumers. The causes of these crises are multifaceted, often stemming from a combination of excessive risk-taking by financial institutions, inadequate regulatory frameworks, macroeconomic imbalances, and external shocks such as geopolitical events or natural disasters. Historical examples include the Great Depression of the 1930s, the Asian Financial Crisis of 1997-1998, and the Global Financial Crisis of 2007-2008. Each crisis has demonstrated profound impacts on national economies, leading to increased unemployment rates, reduced consumer spending, and long-term changes in fiscal policies. The aftermath often necessitates government intervention through bailouts or stimulus packages to stabilize economies and restore growth. Understanding the intricate dynamics between financial crises and their economic repercussions is crucial for policymakers to develop effective preventive measures and responses.

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Опубликован

2025-01-16

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Исследовательские статьи

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