In past, the world has faced several financial crises, some of which were associated with banking panics, and many recessions coincided with these panics. There are many other situations also which are often called as financial crises. These situations include stock market crashes and the bursting of other financial bubbles like burst of dot com bubble and burst of housing bubble, etc. Currency crises and cases of sovereign defaults are also considered as the financial crisis.
There are many financial crises the world has faced till date. This book will help the readers in understanding the issues relating to the financial crisis. In this book, thirteen major financial crisis faced by the world starting from the great depression of 1929 to the latest sub-prime crisis are covered. The book is simply the compilation of the major incidents relating to the financial crisis and all the fact and figures are taken from the secondary sources.