Limitation Act
B USINESS ORIENTATION Leading people to financial security…no matter what!
Factors Causing Financial Crises Asset Markets Effects on Balance Sheets –Stock market decline Decreases net worth of corporations. –Unanticipated deflation.
Asia Financial/Currency Crisis: 1997 - 1998 Hot money – capital flight Vicious circles Debt burdens Bankruptcies Depression Asset price collapse.
Money and Banking Mr. Vaughan An Overview of the Financial System 1 - 31.
Chapter 9 Financial Crises. © 2013 Pearson Education, Inc. All rights reserved.9-2 What is a Financial Crisis? A financial crisis occurs when there is.
