Financial Crises in History

What’s inside

• Which mechanism most directly deepened the economic damage after the 1929 Wall Street Crash?
• What was the principal immediate response of the U.S. Federal Reserve during the 1987 stock-market crash?
• Which event is generally regarded as the starting point of the 1997 Asian financial crisis?
• Which combination best describes a central feature of the 2008 global financial crisis?
• Match each historical financial crisis with its defining setting or trigger.
• Match each crisis with the event most closely associated with its international spread.
• Match each crisis with the policy institution or arrangement created or strengthened in response.
• Match each crisis with the financial vulnerability that made it especially severe.