Questions tagged [financial-crisis]
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics.
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Is there a way to measure systemic risk in a country, and if so which countries have the highest level of systemic risk?
The risk of counterparty default or counterparty credit risk rises to
the level of systemic risk in three scenarios. First, systemic risk
arises when the failure of a market participant with a robust
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What got Lebanon into such crisis as of 2023?
Every time you read a story covering Lebanon, it usually mentions the terrible crisis.
Lebanon Cholera - BBC
Lebanon has collapsed from a reasonably affluent country into one at risk from the chaos ...
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What fraction of Davos participants are billionaires (and not corporations or political leaders) and who decides which ones can go?
The Late Show with Stephen Colbert's May 21, 2022 Crypto Celebs Silent As Market Melts Down | Billionaires Get Ready To Trip At Davos cites Business Insider's August 27, 2020 (updated) Davos 2021 is ...
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How did the alleged Chinese debt trap cause the economic crisis in Sri Lanka?
Sri Lanka is facing the biggest economic crisis since its independence. Its policy was wrong in some cases:
Chinese debt trap.
Due to lack of industrial growth, the Government of Sri Lanka provided ...
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Has Russia actually defaulted on its foreign debt as of April 11, 2022?
An article from CNN starts out by stating that Russia "has defaulted on its foreign debt", but then appears to qualify the statement by observing that "Moscow has a grace period of 30 ...
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Why are politicians and statesmen reticent to challenge the theory behind "Too Big To Fail"?
Why are politicians and statesmen reticent to challenge the theory behind "Too Big To Fail"? It seems that "Too Big To Fail" is the mainstream theory on how to best handle a big ...
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Who did something wrong in 2007-2008 financial crash?
In 2008, U.S. taxpayers spend hundreds of billions of emergency dollars to stabilize the economy.
Who specifically did something "wrong" (whether criminal, unethical, or stupid), and what ...
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Did the government of Greece approve 'haircuts' on citizen's deposits to reduce the damage of the 2008 financial crisis?
Some time ago I saw an interview with Andreas Antonopoulos where he was talking about the 2008 financial crisis in Greece. During the interview he mentions the government wanting to take a 20% haircut ...
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Can Brexit be undone in an emergency?
In case Brexit has already happened, can it be reversed after a short time?
Legally, the answer is no, I think.
But I can imagine a situation where, during the first few days after Brexit, all ...
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What was the fate of the executives at the main Icelandic banks after the financial crisis?
A popular story (especially on the more left-leaning sites (e.g. "Iceland has jailed 26 bankers, why won't we?", "Iceland Has Jailed 29 Bankers. Why Can’t the UK and US Do the Same?", or
"Iceland has ...
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What was the largest case of fraud involving TARP money (financial crisis bailout funds)?
There were hundreds of convictions for misusing TARP money given as bailout after the 2008 financial crisis.
The US government set up the Troubled Asset Relief Program (TARP) in October 2008 to buy ...
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How far up the banks' hierarchy did the LIBOR rigging convictions (and prosecutions) go?
It's been reported that a number of bank personnel were convicted for LIBOR rigging, although quite a few more were acquitted.
Barclay's CEO and chairman both resigned following the scandal, but ...
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How come no bank chiefs in the US & UK went to prison for the financial crash of 2008?
This story by Forbes points that the only bank chiefs in the financial crisis that engulfed the Western world in 2007/8 were from Iceland:
This is where the worlds only bank chiefs imprisoned in ...
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Did IMF grant a loan with no (reform) conditions to Romania in 2009?
I've been looking at some of the more recent IMF loans and the Wikipedia description of the one given to Romania appears to imply no reform conditions were attached to the loan:
While in January 2009,...
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What political actions (if any) in the US caused this stock market stagnation? [closed]
I am looking at the stock market, and there's a clear point where things started declining and then stagnating.
What was the cause for this point? Was it political? I don't remember hearing about any ...
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Why do house borrowers typically not get as much slack for the credit crisis?
The common people often speak negatively about the financial world and its role in the credit crisis, much of which is accurate criticism.
But the crisis was also caused by greedy and/or stupid ...
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Has the Republic of Ireland repaid the £9 billion provided by the UK after the 2009 financial crisis?
Has the Republic of Ireland repaid the £9 billion provided by the UK after the 2009 financial crisis?
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The US has done lots of Quantitative Easing, so why does it not do the same for its debt?
The US government owes lots of money. When US-based banks and other financial institutions faced a similar problem (ok, not a similar problem, but a crisis) - the US government, through the Federal ...
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Why did Israel prefer to finance kibbutzim using banks instead of subsidies or other forms of support?
According to Wikipedia dedicated article, Kibbutz crisis was:
an acute economic crisis many of the kibbutzim in Israel experienced
during the 1980s and that many still experience today
However, ...
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Do US politicians consider the 2008 Global Financial Crisis Finished?
Do politicians, in the US, consider "2008 Global Financial Crisis" Finished? or not?
What signs for each side they mention?
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Data on foreclosed IndyMac mortages after WestOne Bank acquired assets?
With the recent appointment of Steven Mnuchin for Treasure Secretary in the upcoming Trump administration in the US, I've heard renewed discussion of the foreclosures on holders of mortgages ...
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Why don't governments follow the "save in good times, spend in bad times" rule?
Economists seem to agree that it's best for the government to reduce expenses while the economy is in good shape and increase expenses when it's in trouble. However during the last recession most ...
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Why is there no rise of extreme-left in present-day Europe?
Back in the early 1930s, the economical crisis lead to huge increase of extreme-right and extreme-left parties all over countries which were victims of the crisis.
Today following the 2008 crisis a ...
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Why weren't the investment bankers in the mortgage bubble prosecuted?
In The Big Short, Michael Lewis describes how the rating agencies and banks effectively committed mass fraud (by declaring a package of loans which were all BBB level AAA). Eventually, the mortgage ...
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Did the Greek government take on private debt?
According to the latest figures the Greek government owes around 180% of GDP to various institutions and banks. Does anyone know if the Greek government converted any major private debt since the ...
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What are the theoretical limits on freedom of information's positive effects? [closed]
Governments are very keen to keep a lot of their work secretive, which historically has encouraged scandals, bribing, pollution, human rights violations, lobbying etc.
In what ways is information ...
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Why is the German government now in favour of the possibility of Greece leaving the eurozone?
When German chancellor Merkel and others in her party recently said they would be “open” to Greece withdrawing from the euro and introducing a new currency, I remembered how strictly they refused it ...
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How possible is it for a city's courts to assuage fiscal distress with extreme bail?
I'm watching a television murder mystery where the prosecutor asked for the suspect to post $1 billion bail. This leads me to question how possible it is for a city to use its court system to request ...
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What is the necessity of the FDIC in the US banking system?
A bank's basic function is to "borrow short and lend long". In other words, it borrows money from depositors over the short term, promising to repay it on demand, while it lends most of that money out ...
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Was the Icelandic economic crisis of 2008 a product of lax government oversight or big government?
US libertarians, and some of those who share their rhetoric on the right, are strong proponents of laissez-faire economics and limited government. However, in the case of Iceland and its banking ...
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How has the "too big to fail" problem been mitigated in other circumstances?
In the financial crisis of 2008/2009, many countries bailed out their banks. The United States not only bailed out some of its banks, but also AIG, a non-bank which was deemed to be "systemically ...
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Democratic governments seizing financial assets during financial crisis?
I was reading about the Greek haircut last year when the EU along with the Greek government forced bond holders to accept a 75% haircut on their assets. I remember Germany doing something similar at ...
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What is the current impact of TARP (bank bailout) on US deficit?
As far as I am aware, at least some of the money that was given by US Government under TARP was paid back to the government.
As such, how much of the ~$800 Billion was given back to the treasury and ...
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