Open AccessProactively Facing Financial Crisis: A Case Study
Author(s) -
Vidhi V. Shah
Publication year - 2021
Publication title -
international journal for research in applied science and engineering technology
Language(s) - English
Resource type - Journals
ISSN - 2321-9653
DOI - 10.22214/ijraset.2021.38738
Subject(s) - declaration , financial crisis , covid-19 , debt , face (sociological concept) , financial system , economic policy , business , debt crisis , finance , development economics , economics , political science , macroeconomics , medicine , social science , disease , pathology , sociology , infectious disease (medical specialty) , law
It has been 21 years since the 21st century has started. Over this period of 21 years the world has faced 2 severely affecting financial crisis. This case study discusses 2 such examples where a major damage was experienced by most of the countries specifically talking about the financial and the economic condition. In addition, the reasons caused this crisis are discussed in detail. However, to all of these causes there is a remedy stated which states how a country be ready to face such a situation where a country falls completely, financially and economically. Keywords: Financial crisis 2007-08, COVID-19, Declaration of pandemic, Lockdowns, Russia-Saudi Arabia oil price war, Easy credit conditions, Increase debt burden or overleverage, case study.