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Economic Collapse

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 approach
pubs.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 collapseTrade finance and the great trade collapse
www.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”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 economicsThe great crash of 2008 and the reform of economics
www.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 crisisGreece and the inter-war economic crisis
ideas.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 collapseThe economic collapse
muse.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 performanceFinancial fragility and economic performance
academic.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 collapseBusiness cycles, hypertension and cardiovascular disease: evidence from the Icelandic economic collapse
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 …


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