Disseminating the History of the Major Financial Crises and Their Multidimensional Implications
In this article, we provided a comprehensive discussion about the major financial crises and their details based on some major historical financial crises. The crises include the stock market crash of 1987, the Asian financial crisis of 1997, and the global financial crisis of 2007-08. The discussion is categorized into two sections. Under first section, the generation models for crises are discussed based on the timeline and their development. In the second section, each of the above mentioned crisis is discussed in details which include the situations prevailing before during and after the crisis and the lessons undertaken by the markets from those disastrous events.
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