Even though emerging markets are usually more affected in financial crisis, they can take place any time.Horrendous and huge shocks for payments systems, bank liquidity, and solvency were evident features of fiscal disasters, as was panic, which was frequently precipitated by a dramatic and sudden loss of investor and depositor trust.
Corporate catastrophes could be undergone by businesses operating in an area where a fiscal crisis had broken out because of this. Provides a basic description of fiscal crises and macroeconomic warning signals of them. Additionally describes three important fiscal disasters in 2000 and the late 1990s s, some businesses managed to ride out the disasters, and how the business sectors of the areas were changed.
This is just an excerpt. This case is about GLOBAL BUSINESS
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