Definition
Economic collapse is any of a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment, to a breakdown in normal commerce caused by hyperinflation, or even an economically caused sharp rise in the death rate and perhaps even a decline in population.
What is 'Economic Collapse '
A complete breakdown of a national, regional or territorial economy. An economic collapse is essentially a severe version of an economic depression, where an economy is in complete distress for months, years or possibly even decades.
A total economic collapse is characterized by economic depression, civil unrest and highly increased poverty levels. Hyperinflation, stagflation and financial-market crashes can all be causes. Government intervention is usually necessary to bring an economy back from collapse, but can often be slow to remedy the problem.
Explaining 'Economic Collapse '
The Great Depression in the United States is a prime example of an economic collapse. The 1929 stock market crash brought on a collapse that lasted for many years and saw high levels of poverty. Well-known economist John Maynard Keynes claimed this was from the total lack of government involvement in the economy or the financial markets.
Further Reading
Capital-markets crises and economic collapse in emerging markets: An informational-frictions approachpubs.aeaweb.org [PDF]… In fact, well before the collapse of Bear Stearns, Roubini predicted that two major broker … Within months Bear was a distant memory and Lehman Brothers had collapsed … he correctly warned that the disease would soon spread overseas, turning a national economic illness into a …
Trade finance and the great trade collapsewww.aeaweb.org [PDF]… In fact, well before the collapse of Bear Stearns, Roubini predicted that two major broker … Within months Bear was a distant memory and Lehman Brothers had collapsed … he correctly warned that the disease would soon spread overseas, turning a national economic illness into a …
Finance and economic breakdown: modeling Minsky's “financial instability hypothesis”www.tandfonline.com [PDF]… In fact, well before the collapse of Bear Stearns, Roubini predicted that two major broker … Within months Bear was a distant memory and Lehman Brothers had collapsed … he correctly warned that the disease would soon spread overseas, turning a national economic illness into a …
The great crash of 2008 and the reform of economicswww.elgaronline.com [PDF]… In fact, well before the collapse of Bear Stearns, Roubini predicted that two major broker … Within months Bear was a distant memory and Lehman Brothers had collapsed … he correctly warned that the disease would soon spread overseas, turning a national economic illness into a …
Greece and the inter-war economic crisisideas.repec.org [PDF]… In fact, well before the collapse of Bear Stearns, Roubini predicted that two major broker … Within months Bear was a distant memory and Lehman Brothers had collapsed … he correctly warned that the disease would soon spread overseas, turning a national economic illness into a …
The economic collapsemuse.jhu.edu [PDF]… In fact, well before the collapse of Bear Stearns, Roubini predicted that two major broker … Within months Bear was a distant memory and Lehman Brothers had collapsed … he correctly warned that the disease would soon spread overseas, turning a national economic illness into a …
Financial fragility and economic performanceacademic.oup.com [PDF]… In fact, well before the collapse of Bear Stearns, Roubini predicted that two major broker … Within months Bear was a distant memory and Lehman Brothers had collapsed … he correctly warned that the disease would soon spread overseas, turning a national economic illness into a …
Business cycles, hypertension and cardiovascular disease: evidence from the Icelandic economic collapsewww.tandfonline.com [PDF]… In fact, well before the collapse of Bear Stearns, Roubini predicted that two major broker … Within months Bear was a distant memory and Lehman Brothers had collapsed … he correctly warned that the disease would soon spread overseas, turning a national economic illness into a …
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