asked 96.2k views
0 votes
One of the causes of the financial crisis of 2008 was the connectedness of financial institutions, where financial assets for one firm are often debt for other financial institutions. Suppose that some of Storgan Manley's assets lose value as other financial institutions experience financial difficulty. What is this called?

1 Answer

6 votes

Answer:

financial crisis

answered
User Jklaus
by
7.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.