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·         Global Economy:

1.        Trade Decline: Global financial crises can lead to a significant decline in international trade as economies struggle to stay afloat.

2.      Investment Drops: Foreign direct investment often falls during financial crises, as investors seek to reduce risk and protect their assets.

3.      Currency Fluctuations: Exchange rate volatility and currency devaluations can increase, affecting both developed and emerging economies.

·         National Economy:

1.        Recession: A prolonged economic contraction can be a direct result of a global financial crisis, affecting economic growth and stability.

2.      Unemployment: Rising unemployment is common during financial crises, as companies cut costs and reduce their workforce.

3.      Bank Failures: Failures of banks and other financial institutions due to massive losses and the inability to meet their financial obligations.

·         People's Daily Lives:

1.        Job Losses: Job losses and declining incomes severely affect families and communities.

2.      Reduced Access to Credit: Difficulty in obtaining loans and financing can affect businesses and consumers, limiting their spending and investment choices.

3.      Decline in Living Standards: Reduced purchasing power and increased economic insecurity can lead to a decline in quality of life.

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1.        Excessive Debt: When debt levels, both public and private, reach unsustainable levels, it can trigger a crisis. The inability to pay these debts can lead to bankruptcies and financial panic.

2.      Asset Bubbles: Inflated asset prices, such as real estate or stocks, that eventually burst when prices return to more sustainable levels, causing massive losses.

3.      Market Speculation: Risky and excessive investments by investors seeking high returns can create instability in financial markets.

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1.        Consumer Behavior: Changes in consumer behavior, such as excessive increases in spending or the accumulation of debt, can contribute to bubbles and financial instability.

2.      Economic Inequality: Disparities in the distribution of wealth can exacerbate financial crises, as the most vulnerable sectors of the population are the hardest hit.

3.      Public Perception: Negative perceptions of the economy can cause panic among investors and consumers, which can accelerate and aggravate a financial crisis.

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1.        Policy Failures: Inappropriate or poorly managed economic and fiscal policies can contribute to a financial crisis. For example, the reduction of interest rates to very low levels can encourage excessive risk taking.

2.      Regulatory Lapses: Lack of adequate regulation of the financial system can allow risky and mismanaged practices, increasing the vulnerability of the system.

3.      Political Instability: Volatile political situations, such as abrupt changes of government or internal conflicts, can affect investor confidence and destabilize financial markets.

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(A global financial crisis happens when the economy faces serious trouble that impacts financial markets, banks, and economies in many countries. These crises usually cause a big economic slowdown and can quickly spread to other interconnected economies around the world. They are marked by unstable markets, a loss of trust among investors, and interruptions in normal economic activities.)

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It is when you have to stop using the money for things you don't need and save it for food or rent, etc.

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It is when you have to stop using the money for things you don't need and save it for food or rent, etc.

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Basically, it's when a bunch of financial problems all happen at once and cause serious trouble for the entire world economy.

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I think a financial crisis is when the economy gets unstable you start to prioritise stuff to get out of it faster

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Financial crises are situations in which there is an economic imbalance between the financial markets 

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Financial crises are situations in which there is an economic imbalance between the financial markets 

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It is when people have to make a cost cutting due to financial problems

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A financial crisis happens when a country's economic system has serious problems, such as banks collapsing, markets crashing or many people and companies unable to pay their debts. This affects people in general.

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a financial crisis affects markets and economies around the world for debts or bank failures

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The main causes may be loss of confidence, increased unemployment and economic inequality.

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The main causes may be loss of confidence, increased unemployment and economic inequality.

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In economic factors, there are many ways a crisis can occur, but one of them is excessive debt.

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In economic factors, there are many ways a crisis can occur, but one of them is excessive debt.

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Excesive debt of a country, extreme inflation

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A financial crisis can be caused by high levels of debt, by excessive speculation in markets or by the big market prices

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In the economic factors we can see that there is a deregulation in the market either due to high debt, poor banking management, etc.

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In the economic factors we can see that there is a deregulation in the market either due to high debt, poor banking management, etc.

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In the economic aspect, we have excessive debts, which could be the ones that the country has. The inflated price is another thing that can influence the crisis, because inflated price is a cost that is artificially increased beyond its actual value, often due to high demand, limited supply, or market speculation.

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Financial Innovation and Complexity

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Corruption and Weak Governance

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Demographic Shifts

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political factors:

It occurs when a government makes bad decisions with the manage of the country. Also, the abrupt changes in policy can start an economical crisis.

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In political factors you can mainly see corruption and government instability.

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In political factors you can mainly see corruption and government instability.

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the main political factors are bad political management, such as mismanagement of the economic system or continuous changes in the political system.

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the main social factors are, the public perception of the market and how consumers act accordingly, and by economic inequality.

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1. It is a crisis in which the economy, for whatever reason, collapses and financial indicators collapse according to the desired profit of financiers.

2. There are usually five factors:

High inflation

Currency devaluation

Definancing of stocks due to asset outflows from large companies.

Bad international trade policy

Corruption

3. The principal causes are:

Global recession: Low market activity due to factors such as inflation or unemployment

Inequality

Unemployment

GDP reduction

- Esteban

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Reduced Consumer Spending

Social and Political Crisis

Global Infection

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the effects of an economic crisis are job losses, lower quality of life, less access to credit, which would cause a recession in the economy (reduction in economic activity)

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Financial crises have negative effects that affect many people mainly economically: unemployment, market failure, loss of capital, etc.

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Financial crises have negative effects that affect many people mainly economically: unemployment, market failure, loss of capital, etc.