Financial crisis could happen anywhere, even though emerging markets have been more seriously afflicted in recent times. Debilitating massive shocks and liquidity of banks, payment systems and ability were obvious characteristics of financial crises, as was panic, often precipitated by a sudden and dramatic loss of depositors and investors’ confidence. Companies that could in any area where a financial crisis erupted undergo corporate disasters as a result. Provides a general described … Read more »

Financial crisis could happen anywhere, even though emerging markets have been more seriously afflicted in recent times. Debilitating massive shocks and liquidity of banks, payment systems and ability were obvious characteristics of financial crises, as was panic, often precipitated by a sudden and dramatic loss of depositors and investors’ confidence. Companies that could in any area where a financial crisis erupted undergo corporate disasters as a result. Provides a general description of financial crises and macroeconomic warning signs of them. Also describes three major financial crises in the late 1990s and early 2000s, as the divisions were affected regions, and how some companies managed to ride out the crisis.
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from
Michael J. Enright,
Vincent Mak
Source: University of Hong Kong
15 pages.
Release Date: 08 October 2003. Prod #: HKU299-PDF-ENG
Financial crises and corporate performance HBR case solution

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