Financial crisis of 2007–2008

The financial crisis of 2007–09, also known as the global financial crisis and the 2008-09 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. In the immediate aftermath of the financial crisis palliative monetary and fiscal policies were adopted to lessen the shock to the economy. The Dodd–Frank regulatory reforms were enacted in the U.S. to lessen the chance of a recurrence, and the Basel III capital and liquidity standards were adopted by countries around the world.

Financial crisis of 2007–2008

The financial crisis of 2007–09, also known as the global financial crisis and the 2008-09 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. In the immediate aftermath of the financial crisis palliative monetary and fiscal policies were adopted to lessen the shock to the economy. The Dodd–Frank regulatory reforms were enacted in the U.S. to lessen the chance of a recurrence, and the Basel III capital and liquidity standards were adopted by countries around the world.