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What is liquidity crisis?When you are broke, and have no money until next pay but don't want to say you are broke. Especially useful if you still have assets with some monetary value, but very much don't want to sell them. Sorry dudes, can't go to Montreal this weekend, I am having a short-term liquidity crisis, and I've only got $1.17 left in my chequing account. liquidity crisis - videoLiquidity crisis - what is it?(ECONOMICS) An emergency in which a financial or government institution cannot meet its current obligations in an acceptable form of payment. Different from insolvency, which is where that same institution cannot be realistically expected to EVER meet its obligations. In 1997, several countries in East Asia were stricken with a liquidity crisis. In many cases, such as Malaysia, the panicked response had nothing whatever to do with fundamentals; it was sheer herd mentality. |
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