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Understanding Global Financial Crises: A Beginner's Timeline

A beginner-friendly, India-first timeline of the financial crises that reshaped the global economy, built for market enthusiasts, history and macro curious readers, and investors from every track. Learn the difference between banking, currency and sovereign debt crises, and how credit, confidence and contagion turn a local problem into a global one. Walk through the Great Depression, the end of Bretton Woods and the oil shocks, the Latin American debt crisis, India's own 1991 balance of payments crisis, the 1997 Asian crisis, Russia and LTCM, the 2008 global banking crisis, the Eurozone debt crisis, the 2013 Taper Tantrum, the IL&FS and NBFC crisis, and the 2020 to 2023 cycle of stimulus, inflation and bank failures. Finish with a practical playbook of warning signs every Indian investor can track using RBI, SEBI and market data.

MODULES

6

DURATION

~3.5 hrs

TRACK

Macro & Markets

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

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Curriculum Breakdown

Chapter 1: How Financial Crises Work

3 Lessons

What Is a Financial Crisis? Banking, Currency, and Debt Crises Explained10 min read

Credit, Confidence, and Contagion: How a Local Problem Goes Global12 min read

The Five Stages of a Crisis: From Boom to Recovery10 min read

Chapter 2: The Early Global Crises (1929 to 1982)

3 Lessons

The Great Depression: When the Banking System Collapsed12 min read

The End of Bretton Woods and the 1970s Oil Shocks12 min read

The 1982 Latin American Debt Crisis11 min read

Chapter 3: The Emerging Market Crises of the 1990s

3 Lessons

India's 1991 Balance of Payments Crisis: Gold Pledged, Economy Opened14 min read

The 1997 Asian Financial Crisis: Thailand, Korea, and the IMF12 min read

Russia's 1998 Default and the Fall of LTCM11 min read

Chapter 4: The Crises of the 21st Century

3 Lessons

2008: How a US Housing Bust Became a Global Banking Crisis12 min read

The Eurozone Debt Crisis: Greece and the Limits of a Shared Currency12 min read

The 2013 Taper Tantrum: How the US Fed Shook the Rupee11 min read

Chapter 5: China's Debt Reckoning

3 Lessons

China 2015: The Stock Market Bust and the Yuan Shock12 min read

Evergrande and the Collapse of China's Property Machine12 min read

Local Government Debt and What China's Slowdown Means for India12 min read

Chapter 5: Recent Shocks and the Investor's Playbook

3 Lessons

IL&FS and the 2018 NBFC Crisis in India12 min read

2020 to 2023: Stimulus, Inflation, and the SVB and Credit Suisse Failures12 min read

The Crisis Playbook: Warning Signs Every Indian Investor Should Track12 min read