August 2011 stock markets fall

The August 2011 stock markets fall was the sharp drop in stock prices in August 2011 in stock exchanges across the United States, Middle East, Europe and Asia. This was due to fears of contagion of the European sovereign debt crisis to Spain and Italy, as well as concerns over France's current AAA rating,[1] concerns over the slow economic growth of the United States and its credit rating being downgraded. Severe volatility of stock market indexes continued for the rest of the year.

## Variables of stock market fall

[edit]

In August 2011, investors lost trillions due to many different variables causing the stock market to fall.[2] There was a debt crisis in Europe, uninspiring economic news, and a bust to U.S. credit rating which caused a fear of double dip recession.[3] August 4, 2011 was a below average day in the stock market but ended in the worst day since 2009.[4] Investors wanted to find safer ways to invest their money due to the 11 percent stock market fall in two weeks.[5] As the market was falling, the United States and Europe were failing to fix the economic crisis occurring.[6] Investors were moving their money to treasury bonds to increase the security of their investments.[7] Leading to the European Central Bank trying to recover the stock market drop which was unsuccessful.[8] This scared investors and did the opposite of what was wanted.[9] The Central bank intervened by buying bonds from small countries, but not Italy and Spain.[10] The Central bank would soon be overwhelmed by the huge amount of debt in these two countries.[11] Investors were more unnerved due to the European Commission President, Manuel Barroso.[12] Instead of downplaying the market crash he confirmed the fears of the stock market crash due to political paralysis.[13] There were large amounts of stocks in Europe being sold and the selling continued in the United States.[14] By Thursday, it caused more than 15 billions stocks to change hands.[15] Investors started to loss their faith in how reliable the corporate profiles were.[16] All of this resulted in the S.&.P 500 to fall 10.7 percent from July, 22 when it was at 1,345.[17]

### Downgrading of US credit rating

[edit]

Standard & Poor's downgraded America's credit rating from AAA to AA+ on 6 August 2011 for the first time.[18] The US had a AAA rating since 1941.[19] Standard and Poor's said that it could go down further than AA+,[20][21] with Moody's also warning of a potential downgrade of the government's credit rating.[22]

## Commodities

[edit]

### Gold

[edit]

Gold increased in value up to US$1750.[23][24] Gold is typically considered a secure investment in times of economic uncertainty,[25] with other investors and traders also investing in foreign currencies, such as the Swiss franc and Japanese yen, also considered to be safe investments.[26]

## Market movements

[edit]

### Asia

[edit]

Japan: On 4 August, the Japanese government intervened in currency markets in order to combat the overvalued state of the Yen by spending between ¥400 billion and ¥500 billion to help achieve and maintain an exchange rate of roughly US$1 to ¥80, a level seen as crucial to help exporters compete.[27]

Thailand: On 8 August, the SET Index dropped by 15.19 points (1.39%) to 1,078.19 points, with the SET50 Index and SET100 Index revealing a drop of 11.04 points (1.45%) to 750.11 points and 24.55 points (1.48%) to 1,636.53 points respectively.[28] Trading on 9 August saw greater slides, with the SET Index revealing 35.65 points (3.31%) down to 1,042.54 points, and similar results from the SET50 Index showing 25.19 points (3.36%) down to 724.92 points and the SET100 Index with 56.10 points (3.43%) down to 1,580.32 points.[29]

### Europe

[edit]

France: The CAC 40 fell by 20% in two weeks.[30] It fell by 5.5% on 18 August 2011. The CAC thus moved from 3,800 points to 3,000 points in 10 days. The CAC 40 closed at 2999.54 on 5 September 2011 compared with 3982.21 on 30 June 2011 (and 4157 in February).

Germany: The DAX fell by 5.8% on 18 August 2011. The DAX closed at 5246.20 on 5 September 2011, compared with 7376.24 on 30 June 2011.

Italy: The FTSE MIB fell from 19,491 on 21 July to 14,676 on 10 August.

Switzerland: Facing pressure of the Swiss franc from currency markets who see the currency as a safe haven, the Swiss National Bank announced 3 August cuts on three-month LIBOR interest rates down to near-0 and injected 50 billion more francs into the market to stem off the threat to the economy and price stability of the "massively overvalued" currency.[31][32] The Swiss franc was successfully weakened by 1.9% to 1.1033 for the Euro and 1.1% to 77.04 centimes for the US dollar on 4 August.[33] But continued interest by foreign investors to buy Swiss francs, especially after the announcement of the Federal Reserve to freeze US interest rates for 2 years, led to record high strength of the Swiss franc of 70.85 centimes to the US dollar on 9 August.[34]

Turkey: On 5 August, the Turkish central bank announced the auction of US$50 million in an effort to protect the Turkish lira after the currency lost value due to benchmark interest rate cuts,[35] with other daily foreign exchange auctions of US$60 million on 8 August and US$70 million on 9 August.[36] Overnight borrowing rates were increased from 1.5% to 5%, along with lending rates for deposits of the US dollar and Euro reduced in order to boost foreign exchange liquidity.[36][37]

United Kingdom: The FTSE 100 Index fell from over 5,900 points on 26 July to under 4,800 at 9:35 am on 9 August, its lowest level since July 2010.[citation needed] On 18 August 2011, it fell 4.5%. On 22 September 2011, the FTSE 100 fell 4.7%, the largest daily fall since 2 March 2009.[38]

### Middle East

[edit]

As the Middle Eastern markets reacted first to the news of the downgraded US government credit rating, Sunday trading resulted in losses in all markets. The EGX30 closed down 4.17% on Sunday, with the Dubai Financial Market closing at 4.4% after plunging more than 5% before rebounding, seeing the Abu Dhabi Securities Exchange fall 2.53% by closing. The Saudi markets experienced early trading losses of 5.46% before recovering and closing at a loss of 0.88%. The Qatar Exchange closed at 2.51% after falling 3%, with the Tel Aviv Stock Exchange shedding 6.04%.[39]

Trading on 9 August led to more losses, as the EGX30 fell to a 5% low, prompting a 30-minute freeze on activity, before recommencing with a drop to 5.75%, followed by a steady rebound to close at 4.75% down with 4,478 points.[40] The Saudi markets experiencing similar loss to 4.27%, while Dubai and Abu Dhabi closed at a lower 1.95% and 1.34% dip respectively.[41]

### North America

[edit]

United States: On 8 August, the S&P 500 lost 79.92 points (6.7%) to 1,119.46 points with all 500 stocks and ten industry groups falling, with the Dow Jones Industrial Average dropping 634.76 points (5.6%) to 10,809.56 points and the NASDAQ Composite falling 174.72 points (6.9%) to 2,357.69 points, contributing to an approximate US$2.5 trillion erased from global equity value; a total of US$7.8 trillion since 26 July.[42][43][44]

S&P 500 entered a short-lived bear market between 2 May 2011 (intraday high: 1,370.58) and 4 October 2011 (intraday low: 1,074.77), a decline of 21.58%. The stock market rebounded thereafter and ended the year flat.

Canada: On 4 August, the Toronto Stock Exchange lost 435.90 points or 3.4% following the American markets and fear of overseas debt problems.[45] With the Finance Minister's re-assurance of the strong Canadian banking system, and the Bank of Canada maintaining the same interest rate, the S&P/TSX Composite Index fared much better than other markets. On 6 August, the market fell to its lowest point of 11,670.96, and by 15 August, it had recovered almost all of its losses going back to 12,693.61. This was partly due to the high number of resource companies listed on the TSX gaining due to soaring commodity prices such as gold.

### Oceania

[edit]

Australia: On 8 August, the Australian Securities Exchange saw nearly A$35 billion of share value lost, with a plunge of 2.9% as panicked investors led share prices down into bear market territory, pressuring investors of high exposure to dump shares in favour of margin calls.[46]

Trading on 9 August revealed a 5.5% drop at its worst point before recovering rapidly in closing with 268 points gain, with the ASX200 index ending with an overall gain of 48.7 points (1.22%) at 4034.8 points.[47] Traders attributed the sudden recovery to an intervention by the Korean and Taiwanese governments.[48][49] For the first time in 5 months (since March 2011[47]), the Australian Dollar fell below parity with the US Dollar to 99.28¢ before recovering to 101.85¢ in afternoon trade (but 1.5% below Monday's close), seeing the Australian Dollar's longest losing streak since the currency was floated in 1983.[50]

### South America

[edit]

Brazil: On 8 August, the Bovespa Index fell 8.08% (4,281 points), dropping from 52,949 to 48,668 points. It was the biggest fall in a single day since 22 October 2008 (at the peak of the Financial crisis of 2007–08), when Bovespa fell 10.18%. And it was also the lowest points level since 30 April 2009, when Bovespa closed at 47,289 points.[51]

## Market intervention

[edit]

### Europe

[edit]

Belgium, France, Greece, Italy, Spain: On 11 August (with the exception of Greece on 8 August), the market authorities of Belgium, Italy, France and Spain as well as the European financial regulator ESMA announced the ban of all forms of short selling on banks and other financial companies as a result of growing instability in markets on rumours of French banks risking downgrades and concerns of various European banks that are highly exposed to indebted nations such as Greece.[52]

## See also

[edit]

* European sovereign debt crisis
* United States federal government credit-rating downgrade, 2011
* Stock market crashes in India

## References

[edit]

1. ^ Bremer, Catherine; Dmitracova, Olesya (8 August 2011). "Analysis: France, Britain AAA-ratings under scrutiny". Reuters. Paris/London. Retrieved 10 August 2011.
2. ^ Hargreaves, Steve. "Investors lose a trillion dollars in one day". CNNMoney. Retrieved 2 May 2022.
3. ^ Hargreaves, Steve. "Investors lose a trillion dollars in one day". CNNMoney. Retrieved 2 May 2022.
4. ^ "Timeline of US Stock Market Crashes". Investopedia. Retrieved 2 May 2022.
5. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
6. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
7. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
8. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
9. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
10. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
11. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
12. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
13. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
14. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
15. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
16. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
17. ^ Bowley, Graham (4 August 2011). "Stocks Plunge on Fears of Global Turmoil". The New York Times. ISSN 0362-4331. Retrieved 2 May 2022.
18. ^ Puzzanghera, Jim (6 August 2011). "S&P downgrades U.S. credit rating". Los Angeles Times. Retrieved 10 August 2011.
19. ^ Detrixhe, John (3 August 2011). "U.S. Credit Rating Affirmed as Moody's, Fitch Warn of Downgrade on Deficit". Bloomberg. Retrieved 10 August 2011.
20. ^ "S&P Justifies US Downgrade, Says More Action Could Follow". International Business Times. 7 August 2011. Archived from the original on 23 September 2011. Retrieved 10 August 2011.
21. ^ Paletta, Damian (5 August 2011). "More S&P Downgrades Expected". The Wall Street Journal. Retrieved 10 August 2011.
22. ^ Brandimarte, Walter (8 August 2011). "Moody's cautious about U.S. deficit cuts plan". Reuters. New York. Retrieved 10 August 2011.
23. ^ Fitzgerald, Barry (10 August 2011). "Surge in price presents a golden opportunity". The Sydney Morning Herald. Retrieved 9 August 2011.
24. ^ "Gold surges past $US1750". The Age. Australia. 9 August 2011. Retrieved 9 August 2011.
25. ^ Hennessy, Niamh (9 August 2011). "Investor nerves apparent as gold strikes record levels". Irish Examiner. Retrieved 9 August 2011.
26. ^ Aldrick, Philip (4 August 2011). "Japan follows Switzerland by weakening currency". The Telegraph. Retrieved 9 August 2011.
27. ^ Nakamichi, Takashi; Lauricella, Tom (4 August 2011). "Japanese, Swiss Move to Push Currencies Lower". The Wall Street Journal. Retrieved 10 August 2011.
28. ^ "SET index drops 15.19 points". Bangkok Post. 8 August 2011. Retrieved 10 August 2011.
29. ^ "SET index drops 35.65 points". Bangkok Post. 9 August 2011. Retrieved 10 August 2011.
30. ^ Gatinois, Claire (12 August 2011). "La spéculation accusée de faire chuter les actions des banques". Le Monde (in French). Retrieved 12 August 2011.
31. ^ Reid, Katie; de Sa'Pinto, Martin (3 August 2011). "SNB cuts rates to counter soaring Swiss franc". Reuters. Zurich. Retrieved 10 August 2011.
32. ^ Wille, Klaus (3 August 2011). "Franc Plunges From Records as Swiss Central Bank Unexpectedly Lowers Rate". Bloomberg. Retrieved 10 August 2011.
33. ^ Bennett, Allison (4 August 2011). "Franc Retreats After Interest-Rate Cut; Dollar Declines as Services Slow". Bloomberg. Retrieved 10 August 2011.
34. ^ Farchy, Jack (9 August 2011). "Swiss franc soars in hunt for haven". Financial Times. London. Retrieved 10 August 2011.
35. ^ Bryant, Steve; Gokoluk, Selcuk (5 August 2011). "Turkish Central Bank Sells Dollars as Interest-Rate Cut Drives Lira Lower". Bloomberg. Retrieved 9 August 2011.
36. ^ a b Candemir, Yeliz (9 August 2011). "Istanbul Stock Index Falls 5% In Early Trading, Extending Losses". The Wall Street Journal. Istanbul. Retrieved 9 August 2011.
37. ^ Gokoluk, Selcuk (9 August 2011). "Turkey's Lira Appreciates After Central Bank Reduces Dollar Lending Rate". Bloomberg. Retrieved 9 August 2011.
38. ^ "BBC News - Wall Street follows European sell-off on economy fears". BBC News.
39. ^ "Middle East stock markets plunge on US downgrade". Ahram Online. 7 August 2011. Retrieved 10 August 2011.
40. ^ "Egypt stocks finish day with 4.75 per cent loss". Ahram Online. 9 August 2011. Retrieved 10 August 2011.
41. ^ "Mideast exchange round-up: Stocks continue to decline". Ahram Online. 9 August 2011. Retrieved 10 August 2011.
42. ^ Roeder, David (9 August 2011). "Dow dropped 634 Monday in worst one-day drop since December 2008". The Herald News. Archived from the original on 23 March 2012. Retrieved 10 August 2011.
43. ^ "Dow plunges as $2.5tn erased from equities". The Irish Times. Bloomberg. 9 August 2011. Retrieved 10 August 2011.
44. ^ McDonald, Sarah (9 August 2011). "Global Bonds Gain $132 Billion as Stock Rout Cuts $7.8 Trillion". Bloomberg Businessweek. Archived from the original on 2 November 2012. Retrieved 10 August 2011.
45. ^ "Toronto Stock Exchange August/July 2011 History". TMX Group / quotemedia. Retrieved 17 August 2011.
46. ^ Yeates, Clancy (9 August 2011). "$35bn down the drain". The Age. Australia. Retrieved 9 August 2011.
47. ^ a b Johnston, Eric (10 August 2011). "Market bounce defies world". The Age. Australia. Retrieved 9 August 2011.
48. ^ Colebatch, Tim (10 August 2011). "Shaky sharemarket fails to stir economy". The Age. Australia. Retrieved 10 August 2011.
49. ^ Raja, Shani (9 August 2011). "Australian Stocks Rebound as Intervention Spark Recovery Hopes". Bloomberg Businessweek. Archived from the original on 2 November 2012. Retrieved 10 August 2011.
50. ^ Lynch, Jared (10 August 2011). "Losing streak: dollar dips below parity as crisis dries up demand". The Sydney Morning Herald. Retrieved 9 August 2011.
51. ^ "Bovespa fecha com queda de 8,08%, abaixo dos 49 mil pontos" (in Portuguese). G1. 8 August 2011. Retrieved 12 February 2017.
52. ^ "Four EU nations ban short-selling on banking stocks". BBC News. 11 August 2011. Retrieved 12 August 2011.

* v
* t
* e

Stock market crashes

17th century|

* Early stock market crashes in the Dutch Republic

18th century|

* The Mississippi Bubble
* South Sea Bubble of 1720
* Bengal Bubble of 1769
* Crisis of 1772
* Panic of 1792
* Panic of 1796–1797

19th century|

* Panic of 1819
* Panic of 1825
* Panic of 1837
* Panic of 1847
* Panic of 1857
* Black Friday (1869)
* Panic of 1873
* Paris Bourse crash of 1882
* Panic of 1884
* Encilhamento (1890–1893)
* Panic of 1893
* Panic of 1896

20th century|

* Panic of 1901
* Panic of 1907
* Depression of 1920–1921
* Wall Street Crash of 1929
* Recession of 1937–1938
* Kennedy Slide of 1962
* 1973–1974 stock market crash
* Souk Al-Manakh stock market crash (1982)
* Black Monday (19 October 1987)
* Rio de Janeiro Stock Exchange collapse
* Friday the 13th mini-crash (1989)
* Japanese asset price bubble crash (1990–1992)
* Black Wednesday (16 September 1992)
* 1997 Asian financial crisis
* October 27, 1997 mini-crash
* 1998 Russian financial crisis

21st century|

* Dot-com bubble crash (2000–2002)
* 9/11 stock market crash (2001)
* Stock market downturn of 2002
* Chinese stock bubble of 2007
* U.S. bear market of 2007–2009
* Financial crisis of 2007–08
* 2009 Dubai debt standstill
* Greek government-debt crisis stock market crash (2010)
* 2010 Flash Crash
* 2011 Tōhoku earthquake and tsunami stock market crash
* August 2011 stock markets fall
* 2011 Bangladesh share market scam
* 2015–2016 Chinese stock market turbulence
* 2015–2016 stock market selloff
* Brexit stock market crash (2016)
* 2018 cryptocurrency crash
* 2020 stock market crash

* v
* t
* e

Financial crises

* Bank run
* Commodity price shocks
* Credit crunch
* Credit cycle
* Currency crisis
* Debt crisis
* Energy crisis
* Financial contagion
* Social contagion
* Flash crash
* Hyperinflation
* Liquidity crisis
* Accounting
* Capital
* Funding
* Market
* Minsky moment
* Social crisis
* Stock market crash

Pre-1000|

* Crisis of the Third Century (235–284 CE)

Commercial revolution
(1000–1760)|

* Great Bullion Famine (c. 1400–c. 1500)
* The Great Debasement (1544–1551)
* Dutch Republic stock market crashes (c. 1600–1760)
* Kipper und Wipper (1621–1623)
* Tulip mania crash (1637)
* South Sea bubble crash (1720)
* Mississippi bubble crash (1720)

1st Industrial Revolution
(1760–1840)|

* Amsterdam banking crisis of 1763
* Bengal bubble crash (1769–1784)
* British credit crisis of 1772–1773
* Dutch Republic financial collapse (c. 1780–1795)
* Copper Panic of 1789
* Panic of 1792
* Panic of 1796–1797
* Danish state bankruptcy of 1813
* Post-Napoleonic Irish grain price and land use shocks (1815–1816)
* Panic of 1819
* Panic of 1825
* Panic of 1837

1840–1870|

* European potato failure (1845–1856)
* Great Irish Famine
* Highland Potato Famine
* Panic of 1847
* Panic of 1857
* Panic of 1866
* Black Friday (1869)

2nd Industrial Revolution
(1870–1914)|

* Panic of 1873
* Paris Bourse crash of 1882
* Panic of 1884
* Arendal crash (1886)
* Baring crisis (1890)
* Encilhamento (1890–1893)
* Panic of 1893
* Australian banking crisis of 1893
* Black Monday (1894)
* Panic of 1896
* Panic of 1901
* Panic of 1907
* Shanghai rubber stock market crisis (1910)
* Panic of 1910–1911
* Financial crisis of 1914

Interwar period
(1918–1939)|

* Early Soviet hyperinflation (1917–1924)
* Weimar Republic hyperinflation (1921–1923)
* Shōwa financial crisis (1927)
* Wall Street Crash of 1929
* Panic of 1930

Post–WWII expansion
(1945–1973)|

* Kennedy Slide of 1962
* 1963–1965 Indonesian hyperinflation

Great Inflation
(1973–1982)|

* 1970s energy crisis (1973–1980)
* 1973 oil crisis
* 1973–1974 stock market crash
* Secondary banking crisis of 1973–1975
* Steel crisis (1973–1982)
* Latin American debt crisis (1975–1982)
* 1976 British currency crisis
* 1979 oil crisis
* Brazilian hyperinflation (1980–1982)

Great Moderation/
Great Regression
(1982–2007)|

* Brazilian hyperinflation (1982–1994)
* Souk Al-Manakh stock market crash (1982)
* Chilean crisis of 1982
* 1983 Israel bank stock crisis
* Black Saturday (1983)
* Savings and loan crisis (1986–1995)
* Cameroonian economic crisis (1987–2000s)
* Black Monday (1987)
* 1988–1992 Norwegian banking crisis
* Japanese asset price bubble crash (1990–1992)
* Rhode Island banking crisis (1990–1992)
* 1991 Indian economic crisis
* 1990s Swedish financial crisis
* 1990s Finnish banking crisis
* 1990s Armenian energy crisis
* Cuban Special Period (1991–2000)
* Black Wednesday (1992 Sterling crisis)
* Yugoslav hyperinflation (1992–1994)
* 1994 bond market crisis
* Venezuelan banking crisis of 1994
* Mexican peso crisis (1994–1996)
* 1997 Asian financial crisis
* October 1997 mini-crash
* 1998 Russian financial crisis
* 1998–1999 Ecuador economic crisis
* 1998–2002 Argentine great depression
* Samba effect (1999)
* Dot-com bubble crash (2000–2004)
* 9/11 stock market crash (2001)
* 2001 Turkish economic crisis
* South American economic crisis of 2002
* Stock market downturn of 2002
* 2002 Uruguay banking crisis
* 2003 Myanmar banking crisis
* 2000s energy crisis (2003–2008)
* 2004 Argentine energy crisis
* 2007 Chinese stock bubble crash
* Zimbabwean hyperinflation (2007–present)

Great Recession
(2007–2009)|

* 2007–2008 financial crisis
* September 2008
* October 2008
* November 2008
* December 2008
* 2009
* Subprime mortgage crisis
* 2000s U.S. housing market correction
* U.S. bear market of 2007–2009
* 2008 Latvian financial crisis
* 2008–2009 Belgian financial crisis
* 2008–2009 Russian financial crisis
* 2008–2009 Ukrainian financial crisis
* 2008–2011 Icelandic financial crisis
* 2008–2011 Irish banking crisis
* 2008–2014 Spanish financial crisis
* Blue Monday Crash 2009
* European debt crisis
* Greek government-debt crisis

Information Age
(2009–present)|

* 2009 Dubai debt standstill
* Venezuelan banking crisis of 2009–2010
* 2010–2014 Portuguese financial crisis
* Energy crisis in Venezuela (2010–present)
* Syrian economic crisis (2011–present)
* August 2011 stock markets fall
* 2011 Bangladesh share market scam
* 2012–2013 Cypriot financial crisis
* 2013 Chinese banking liquidity crisis
* Venezuela economic crisis (2013–present)
* 2014–2016 Brazilian economic crisis
* Puerto Rican government-debt crisis (2014–2022)
* Russian financial crisis (2014–2016)
* 2015 Nepal blockade
* 2015–2016 Chinese stock market turbulence
* 2015–2016 stock market selloff
* Brexit stock market crash (2016)
* Venezuelan hyperinflation (2016–2022)
* 2017 Sri Lankan fuel crisis
* Ghana banking crisis (2017–2018)
* Turkish economic crisis (2018–present)
* Lebanese liquidity crisis (2019–present)
* Sri Lankan economic crisis (2019–present)
* COVID-19 pandemic
* Financial market impact
* 2020 stock market crash
* Recession
* Chinese property sector crisis (2020–present)
* 2021–2023 inflation
* 2022 Russian financial crisis
* 2022 stock market decline
* 2023 United States banking crisis

* List of banking crises
* List of economic crises
* List of sovereign debt crises
* List of stock market crashes and bear markets

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template