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Financial Crises Vs Economic Crises


Financial Crises 

  • Financial crises is the decline of the nominal value
  • Can be categorised as currency sudden stop crises, and debt and banking crises
  • Directly affects the banking and financial sector 

Economic Crises 

  • Economic crises is the downturn of the entire economy including business and household sectors
  • Can be categorised as credit crises, financial crises, fiscal crises, currency crises and, hyperinflation 
  • Directly affects the economic activities in the entire economy

Comments

  1. Paras MishraApril 1, 2020 at 9:57 AM

    Hi sophiya ...
    Nice info useful post ...

    Great share !!!

    ReplyDelete

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