|
Crisis Liquidity Ratio
A crisis (: crises; : critical) is any event or period that will lead to an unstable and dangerous situation affecting an individual, group, or all of society. Crises are negative changes in the human or environmental affairs, especially when they occur abruptly, with little or no warning. More loosely, a crisis is a testing time for an emergency. Etymology The English word ''crisis'' was borrowed from the Latin, which in turn was borrowed from the Greek ''krisis'' 'discrimination, decision, crisis'.''Oxford English Dictionary'', 1893''s.v.'' 'crisis'/ref> The noun is derived from the verb ''krinō'', which means 'distinguish, choose, decide'. In English, ''crisis'' was first used in a medical context, for the time in the development of a disease when a change indicates either recovery or death, that is, a turning-point. It was also used for a major change in the development of a disease. By the mid-seventeenth century, it took on the figurative meaning of a "vitally imp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EXCOMM Meeting, Cuban Missile Crisis, 29 October 1962
The Executive Committee of the National Security Council (commonly referred to as simply the Executive Committee or ExComm) was a body of United States Federal government of the United States, government officials that convened to advise President of the United States, President John F. Kennedy during the Cuban Missile Crisis in 1962. It was composed of the regular members of the United States National Security Council, National Security Council, along with other men whose advice the President deemed useful during the crisis. EXCOMM was formally established by National security directive, National Security Action Memorandum 196 on October 22, 1962. It was made up of twelve full members in addition to the president. Advisers frequently sat in on the meetings, which were held in the Cabinet Room (White House), Cabinet Room of the White House's West Wing and secretly recorded by Tape recorder, tape machines activated by Kennedy. None of the other committee members knew the meetings w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simultaneous
Simultaneity may refer to: * Relativity of simultaneity, a concept in special relativity. * Simultaneity (music), more than one complete musical texture occurring at the same time, rather than in succession * Simultaneity, a concept in Endogeneity See also * Non-simultaneity *Diversity factor In the context of electricity, the diversity factor is the ratio of the sum of the individual non-coincident maximum loads of various subdivisions of the system to the maximum demand of the complete system. : f_\text = \frac The diversity factor ..., or simultaneity factor * Time Structured Mapping {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Disaster
A disaster is an event that causes serious harm to people, buildings, economies, or the environment, and the affected community cannot handle it alone. '' Natural disasters'' like avalanches, floods, earthquakes, and wildfires are caused by natural hazards. ''Human-made disasters'' like oil spills, terrorist attacks and power outages are caused by people. Nowadays, it is hard to separate natural and human-made disasters because human actions can make natural disasters worse. Climate change also affects how often disasters due to extreme weather hazards happen. Disasters usually hit people in developing countries harder than people in wealthy countries. Over 95% of deaths from disasters happen in low-income countries, and those countries lose a lot more money compared to richer countries. For example, the damage from natural disasters is 20 times greater in developing countries than in industrialized countries. This is because low-income countries often do not have well-bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Crisis
A currency crisis is a type of financial crisis, and is often associated with a real economic crisis. A currency crisis raises the probability of a banking crisis or a default crisis. During a currency crisis the value of foreign denominated debt will rise drastically relative to the declining value of the home currency. Generally doubt exists as to whether a country's central bank has sufficient foreign exchange reserves to maintain the country's fixed exchange rate, if it has any. The crisis is often accompanied by a speculative attack in the foreign exchange market. A currency crisis results from chronic balance of payments deficits, and thus is also called a balance of payments crisis. Often such a crisis culminates in a devaluation of the currency. Financial institutions and the government will struggle to meet debt obligations and economic crisis may ensue. Causation also runs the other way. The probability of a currency crisis rises when a country is experiencing a banki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking Crisis
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank may acquire more cash from other banks or from the central bank, or limit the amount of cash customers may withdraw, eit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with Bank run#Systemic banking crises, banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial Economic bubble, bubbles, currency crisis, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy (for example, the crisis resulting from the famous tulip mania bubble in the 17th century). Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus and financial crises continue to occur from time to time. It is apparent however that a consistent feature of bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Marx
Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels), and his three-volume (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence. Born in Trier in the Kingdom of Prussia, Marx studied at the universities of Bonn and Berlin, and received a doctorate in philosophy from the University of Jena in 1841. A Young Hegelian, he was influenced by the philosophy of Georg Wilhelm Friedrich Hegel, and both critiqued and developed Hegel's ideas in works such as '' The German Ideology'' (written 1846) and the '' Grundrisse'' (written 1857–1858). While in Paris, Marx wrote ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crisis Theory
Crisis theory, concerning the causes and consequences of the tendency for the rate of profit to fall in a capitalist system, is associated with Marxian critique of political economy, and was further popularised through Marxist economics. History Earlier analysis by Jean Charles Léonard de Sismondi provided the first suggestions of the systemic roots of Crisis. "The distinctive feature of Sismondi's analysis is that it is geared to an explicit dynamic model in the modern sense of this phrase ... Sismondi's great merit is that he used, systematically and explicitly, a schema of periods, that is, that he was the first to practice the particular method of dynamics that is called period analysis". Marx praised and built on Sismondi's theoretical insights. Rosa Luxemburg and Henryk Grossman both subsequently drew attention to both Sismondi's work on the nature of capitalism, and as a reference point for Karl Marx. Grossman in particular pointed out how Sismondi had contributed t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Crisis Of Cameroon
The Cameroonian economic crisis was a downturn in the economy of Cameroon from the mid-1980s to the early 2000s. The crisis resulted in rising prices in Cameroon, trade deficits, and loss of government revenue. The government of Cameroon acknowledged the crisis in 1987. Outside observers and critics blamed poor government stewardship of the economy. The government instead placed the blame on the fall of the prices of export commodities, particularly a steep drop in the price of petroleum.DeLancey and DeLancey 104. President Paul Biya announced that "all our export commodities fell at the same time."Quoted in DeLancey and DeLancey 104. Cameroon's trade partners, particularly France, Germany, and the United States, offered to help the country, but Cameroon balked at their condition that the country follow strict cost cutting suggestions laid out by the International Monetary Fund (IMF). Instead, Cameroon formulated its own plan. Civil servants lost access to subsidised electricit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South American Economic Crisis Of 2002
The South American economic crisis is the economic disturbances which have developed in 2002 in the South American countries of Argentina, Brazil and Uruguay. The Argentinian economy was suffering from sustained deficit spending and an extremely high debt overhang, and one of its attempted reforms included fixing its exchange rates to the US dollar. When Brazil, as its largest neighbor and trading partner, devalued its own currency in 1999, the Argentinian peg to the US dollar prevented it from matching any of that devaluation, leaving its tradeable goods to be less competitive with Brazilian exports. Along with a trade imbalance and balance of payment problem, the need for credit to finance its budget deficits made Argentina's economy vulnerable to economic crisis and instability. In 1999, the economy of Argentina shrank by 3.4%. GDP continued to decline: 0.8% in 2000, 4.4% in 2001, and 10.9% in 2002. One year before, in Brazil, low water level in hydroelectric plants, combin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Economic Crisis (1999–2002)
Argentina has faced several economic crises, such as: * The Rodrigazo (1975) * The 1989 hyperinflation in Argentina * The 1998–2002 Argentine great depression * The 2018–present Argentine monetary crisis {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994 Economic Crisis In Mexico
The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the Mexican peso, peso against the United States dollar, U.S. dollar in December 1994, which became one of the first international financial crisis, financial crises ignited by capital flight. During the 1994 Mexican general election, 1994 presidential election, the incumbent administration embarked on an expansionary fiscal and monetary policy. The Secretariat of Finance and Public Credit (Mexico), Mexican treasury began issuing maturity (finance), short-term government debt, debt instruments denominated in domestic currency with a guaranteed repayment in U.S. dollars, attracting foreign investors. Mexico enjoyed investor consumer confidence, confidence and new access to international capital following its signing of the North American Free Trade Agreement (NAFTA). However, a Chiapas conflict, violent uprising in the state of Chiapas, as well as the assassination of the presi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
