The Impact of Financial Crises on the Economy

Soy Marina Petrovna, Ali Akromovich Nizametdinov, Shahzod Mansurov

2023

Abstract

Financial crises have been recurring events throughout history, with significant repercussions on global economies. These crises, characterized by severe disruptions in financial markets and institutions, have the potential to trigger economic downturns, recession, and even depression. This article explores the causes, types, and impacts of financial crises on the economy, drawing lessons from past crises and analysing their effects on various sectors. Understanding the dynamics of financial crises is crucial for policymakers, investors, and individuals alike, as it enables better preparedness and the implementation of effective measures to mitigate their adverse effects.

Paper Citation

in Harvard Style

Petrovna S., Nizametdinov A. and Mansurov S. (2023). The Impact of Financial Crises on the Economy. In Proceedings of the 2nd Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR-2; ISBN 978-989-758-723-8, SciTePress, pages 1155-1158. DOI: 10.5220/0012955400003882

in Bibtex Style

@conference{pamir-223,
author={Soy Petrovna and Ali Nizametdinov and Shahzod Mansurov},
title={The Impact of Financial Crises on the Economy},
booktitle={Proceedings of the 2nd Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR-2},
year={2023},
pages={1155-1158},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012955400003882},
isbn={978-989-758-723-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd Pamir Transboundary Conference for Sustainable Societies - Volume 1: PAMIR-2
TI - The Impact of Financial Crises on the Economy
SN - 978-989-758-723-8
AU - Petrovna S.
AU - Nizametdinov A.
AU - Mansurov S.
PY - 2023
SP - 1155
EP - 1158
DO - 10.5220/0012955400003882
PB - SciTePress