Evolution of Financial Crisis: Cause, Effects and Cantagion

Devi Prabha A,

Abstract

Throughout history, the development of financial crises has been a recurrent and complicated phenomenon. The main elements and phases that contribute to the onset and progression of financial crises are summarised in this abstract. It looks at how economic, governmental, and behavioural factors interact to influence how these crises develop. The conclusion emphasises the significance of proactive measures and efficient risk management in reducing the effects of financial crises and supporting stability in the international financial system. The summary also underlines the essential terms related with financial crises