Related pages from Globo Trends:
Table of Contents:
see document here: http://www.scribd.com/doc/9376716/Financial-Crises-Past-Present
charts & graphs: comparing crisis 09 to past: http://www.cfr.org/content/publications/attachments/2009OutlookFinal_Long.pdf
Banking Crises
see our discussion on banking crisis
History of Crises
Stock Market Crash of 1929, also called the Great Crash or the Wall Street Crash, leading to the Great Depression
1960's - Vietnam War
Latin America crisis
If there is an economic crisis…military steps in, fixes things, then goes back to barracks, but in 1960’s…what happened, was the military regimes didn’t leave. But, instead of solving, in this time, they made things worse….in Brazil…disaster…military didn’t stop spending..They spent more, and borrowed more…and also were brutal. In 60’s this was a theme.
1973 - oil crisis
Stock market crash of 1973–4
1979-1980 - energy crisis
Early 1980s recession - 1982 and 1983, caused by tight monetary policy in the U.S. to control inflation and sharp correction to overproduction of the previous decade which had been masked by inflation
Great Commodities Depression - 1980 to 2000, general recession in commodity prices
Latin America debt crisis - 1980s -
Mexico 1982 - default on debt....led to many other Latin Crisis...and "lost decade"
Black Monday - October 19, 1987
Black monday: lessons & analysis from FT.com 'Short View'
http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html?_i_referralObject=567134059&fromSearch=n
Early 1990s recession - 1990 to 1992, collapse of junk bonds and a credit crunch in the United States leads to one quarter of US GDP decline, and therefore not an official recession.
Japanese recession - 1990 to 2003, collapse of a real estate bubble and more fundamental problems halts Japan's once astronomical growth
United Kingdom - 1992 - when George Soros "broke the bank of England" by currency speculating against the European currency unit peg
Mexico crisis 1994 - http://en.wikipedia.org/wiki/1994_economic_crisis_in_Mexico
Asian Crisis 1997
SE Asia Crisis - 1997 & 1998 http://en.wikipedia.org/wiki/Asian_financial_crisis
South Korea - 1998
Russia - 1998 http://en.wikipedia.org/wiki/Russian_financial_crisis
USA - Long term capital managment - hedge fund meltdown - 1998 - causes were SE Asia Crisis of 1997, and Russia crisis of 1998
http://en.wikipedia.org/wiki/Long-Term_Capital_Management
Brazil - 1999 - currency Real was pegged to US dollar, then forced to float
Early 2000s recession - 2001 to 2003: the collapse of the Dot Com Bubble, September 11th attacks and accounting scandals contribute to a relatively mild contraction in the North American economy
Argentina 2001 -2002
Uruguay 2002
USA - subprime crisis / credit crunch - 2007
Global macro economic events that effected Argentina
1. The USD appreciated, pulling the peso up with it.
* vs the Japanese Yen after 1995 (why? due to earthquake?)
* vs currencies of SE Asia after 1997 (crisis of 1997 and 1998)
* vs european currencies in 1999 and 2000
2. Commodities prices were low
* terms of trade = negative
3. Brazilian currency devalued in 1999
* making Argentinian exports to Brazil non-competitive, and flooding the Argentinian market with Brazilian imports
Comments (0)
You don't have permission to comment on this page.