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Financial crisis .pptx
1. 1/9/2023 PUNJAB COLLEGE OF TECHNICAL EDUCATION 1
FINANCIAL CRISIS 2008
NAME YASHIL GUPTA
CLASS B.COM 1 B
ROLL NO 2234078
EMAIL yashilgupta2004@gmail.com
2. 1/9/2023 PUNJAB COLLEGE OF TECHNICAL EDUCATION 2
WHAT IS FINANCIAL CRISIS??
A financial crisis is defined as any situation where one or
more significant financial assets – such as stocks, real
estate, or oil – suddenly (and usually unexpectedly) loses a
substantial amount of their nominal value.
3. 1/9/2023 PUNJAB COLLEGE OF TECHNICAL EDUCATION 3
Types of Financial crisis
1. Currency crisis
2. Banking crisis
3. Speculative Bubbles
4. International financial crisis
5. Wider economic crisis
4. 1/9/2023 PUNJAB COLLEGE OF TECHNICAL EDUCATION 4
Financial Crisis 2008 Recession/Depression:
•The 2008 financial crisis was the worst economic disaster.
•It started with a subprime mortgage lending crisis in 2007
and expanded into a global banking crisis in 2008.
• Huge bailouts and other measures meant to limit the
spread of the damage failed and the global economy fell
into recession.
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Causes of recession:-
1) Housing prices increased then fell due to the subprime
mortgage crisis.
2) Banks went into crisis.
3) The stock market drop erasing wealth.
6. 1/9/2023 PUNJAB COLLEGE OF TECHNICAL EDUCATION 6
IMPACTS
•India was not directly involved in the subprime mortgage
market, which was at the center of the 2008 crisis, but it
was indirectly affected through its trade and financial
linkages with the United States and other countries.
•The crisis led to a slowdown in economic growth, a decline
in exports, and a drop in foreign investment. It also resulted
in a tightening of credit conditions and a decline in asset
values, including stock prices and real estate prices.
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Repercussions of great recession:-
•The Great Recession officially lasted through June 2009,
but its effects have had a lasting impact.
•GDP didn't regain its pre-recession strength until 2011.
•Unemployment remained above 5% until 2015.Real
household income didn't increase until 2016.
•The policies, reforms, programs and impact of the Great
Recession are still with us today.
