Eichengreen, Barry; Portes, Richard - C.E.P.R. Discussion Papers - 1986
A financial crisis is a disturbance to financial markets, associated typically with falling asset prices and insolvency … crisis - that of the 1930s - with conditions prevailing today. Our definition of a financial crisis implies a distinction … perspective on the danger of a serious disruption to the global financial system by comparing the last full-fledged financial …