商业经济英语名词解析与经济危机年表.pptVIP

BUSINESS ECONOMY aRestaurants are clearly feeling the pinch from the economic crisis, said Tim Zagat, founder of the survey now in its 30th year which bases its food, decor and service ratings for some 2,000 restaurants on feedback from restaurant patrons Economy (n) e.g. The economy seems to be downshifting Economic(adj) e.g. His theory is linked closely with the success of our economic reform Economical (adj. e.g. I want most economical packing Economics(n. e.g. We do not comment on national economics Crisis(pl. crises) Paraphrase: an unstable situation of extreme danger or difficulty Synonym: emergency [a sudden unforeseen crisis(usually involvin danger)that requires immediate action mSsS o causes and consequences ◆ History Banking crisis Examples of bank runs include the run on the Bank of the United States in 1931 and the loan de Northern Rock in 2007. Banking crises generally occur after periods of risky lending and resulting Currency crisis In general, a currency csis can be defined as a situation when the participants in an exchange market come to recognize that a pegged exchange rate is about to fall, causing speculation against the peg that hastens the failure and forces a devaluation or appreciation. see Al-Assaf et al. (2013) Speculative bubbles and crashes Well-known examples of bubbles(or purported bubbles)and crashes in stock prices and other asset prices include the Dutch tulip mania, the Wall Street Crash of 1929, the Japanese property bubble of the 1980s, the crash of the dot-com bubble in 2000-2001, and the now-deflating United States housing bubble. The 2000s sparked a real estate bubble where housing prices were increasing significantly as an asset good International financial crises Several currencies that formed part of the European Exchange Rate Mechanism suffered crises in 1992-93 and were forced to devalue or withdraw from the mechanism. Another round of currency crises took place in Asia in 1997-98. Mar atin American countries defaul