c. 2007 CE–c. 2009 CE
Global financial crisis
World history · Politics
Problems in the United States mortgage market spread to institutions and markets in other countries and intensified after Lehman Brothers failed in 2008. Credit contracted and recession synchronized globally, but vulnerability, policy responses, and social costs varied greatly among economies.
Precision, calendar, and review
- Start
- year · approximate
- End
- year · approximate
- Calendar and convention
- Historical-era years; the source calendar is not identified. No conversion of days is assumed.
- Year zero
- The scale goes from 1 BCE to 1 CE without year zero. Changing era names changes labels only.
- Documentary review
- Date not recorded
Reading the date: duration of a process.
Sources
- www.elibrary.imf.org (opens in a new tab)
Source provenance and scope
- Publication date
- 2015-10-20
- What this date describes
- The cited source or edition; it may postdate the historical event.
- Bibliographic date checked
- 2026-09-23
The correspondence between this reference and individual claims has not yet been itemized.
This record is an editorial synthesis. Consult the sources to check claims and their limits. Chronological relationships alone do not establish causation.