Erika Viviana Suarez Rincón - Final Project on Financial Crises by Erika Suarez

Black Monday 1987

akiresuarez96 — 2015-05-26 03:50:14 UTC

The October 19, 1987 thousands of dollars were wiped off the value mercador HK, UK Australia and New Zealand. Some took several years to recover

Ruble Crisis 1998

akiresuarez96 — 2015-05-26 03:51:10 UTC

The large public debt of Russia given by the Asian crisis in 1997 that began with the devaluation of the Thai currency led to a liquidity crisis and ended with the possibility of attracting financial resources to the country. Oil exports accounted for more revenue to the country and the price drop as much affection. Russia was unable to pay his debts and filed for bankruptcy. The ruble crisis helped improve the economy as they began to develop large companies

East Asian Financial Crisis, 1997

akiresuarez96 — 2015-05-26 03:52:45 UTC

Investors lost confidence. US interest rates fell and so did the Asian market lost credibility. And so a crisis broke out in Asian markets

European Sovereign Debt Crisis, 2009 onward

akiresuarez96 — 2015-05-26 03:53:22 UTC

It is a crisis that is not over. European countries have a large debt and exposure of international banks has been important. Each time the crisis is bigger and the growth of countries is increasingly low.

1973 Oil Crisis

akiresuarez96 — 2015-05-26 03:54:08 UTC

It was because used oil as a weapon to the oil embargo and crude oil costs rose and production under this only lasted five months but still has consequences this crisis.

The great recession 2008

akiresuarez96 — 2015-05-26 03:56:08 UTC

From October 2008, the stock of the United States, Europe and the Asia-Pacific region fell by about 30% since the beginning of the year. The Dow Jones Industrial Average fell about 37% since January 2008. The markets in Russia, following the decline in oil prices and political tensions with the West, fell more than 10% in one day,

German Hyperinflation, 1918-1924

akiresuarez96 — 2015-05-26 03:57:02 UTC

increase in prices, interest rates, exchange rate changes and abandonment of the currency as a unit of exchange. Hyperinflation peaked in November 1923, but was suppressed with a new currency, the Reichsmark. The government relied on this new currency, fixed value, finally accepted, as he ended the note issue.

The Great Depression

akiresuarez96 — 2015-05-26 03:57:29 UTC

He began in early 1929 and ended at different times in the 30s or early 40s International trade was deeply affected, as personal income, tax revenues, prices and corporate profits. Agriculture and rural areas suffered when prices fell between 40 and 60 percent.

1907 Banker’s panic.

akiresuarez96 — 2015-05-26 04:07:40 UTC

In 1907 the stock fell 50% .THE panic spread throughout the country when national and local banks went bankrupt. Depositors lost confidence, the stock market fell quite in March and October. In February 1908 the economy in May with the help of some executives, financial and creative federal money was restored.

The great depression

akiresuarez96 — 2015-06-03 01:16:05 UTC