Reasons cited for that meltdown included overvaluations, market psychology and automatic electronic trading strategies that exacerbated the collapse, with institutions blindly selling into a falling market.
The banking failures, which then exacerbated the collapse in lending to businesses and homeowners from a healthy 20% a year growth at the start of 2007 to nil or negative two years later, compounded an already dramatic fall in private investment.
Rapid inflows of foreign funds set the stage for an equally rapid withdrawal when the Asian financial crisis erupted in Thailand in 1997, exacerbating the collapse of the baht and compelling the country to seek a bailout from the International Monetary Fund.
The committee of nine lawmakers was appointed in April after a separate commission investigating the causes of the 2008 crisis found that government, central bank and financial regulator at the time had all been "negligent" in their failure to address some of the factors that exacerbated the collapse.
Widespread looting, some of it well organised, continues to exacerbate the economic collapse.
Here, we provide evidence that drought triggered landscape-scale seagrass degradation and show the consequent failure of a facultative mutualistic feedback between seagrass and sulfide-consuming lucinid bivalves that in turn appeared to exacerbate the observed collapse.
Its situation was exacerbated by the collapse of the Soviet Union, a development that meant Iran's leaders could no longer play one superpower against the other and that opened the former Soviet republics across Iran's northern border to Western influence.
By now, North Korea's rigid centrally-controlled economy had slipped into an ever-deepening economic crisis exacerbated by the collapse of the country's main trading partner, the Soviet Union.
This is exacerbated by the collapse of the business model that supported broadcast and print journalism.
The situation in Togo, where some 60,000 people have lost their homes, has been exacerbated by the collapse of bridges and culverts.
