AI tool predicts when a bank should be bailed out

An artificial intelligence tool developed by researchers at UCL and Queen Mary University of London could help governments decide whether or not to bail out a bank in crisis by predicting if the intervention will save money ...

Trade agreements can ease the pain of a possible global recession

Uncertainty is bad for business; however, it can be mitigated by trade agreements which help countries become more resilient to economic shocks, according to a new University of California School of Global Policy and Strategy ...

In a parched land, Iraqi gazelles dying of hunger

Gazelles at an Iraqi wildlife reserve are dropping dead from hunger, making them the latest victims in a country where climate change is compounding hardships after years of war.

How the debt crisis of 2008-09 fueled populist politics

The economic downturn of 2008-09 has often been described as a financial-sector crisis, featuring failing banks. But it was much more than that. Many people with stagnant or dropping incomes, having borrowed to sustain their ...

Iraq's prized rice crop threatened by drought

Drought is threatening the Iraqi tradition of growing amber rice, the aromatic basis of rich lamb and other dishes, and a key element in a struggling economy.

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Financial crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with 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 bubbles, currency crises, and sovereign defaults.

Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.

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