financial cr****,also known as financial tsunami,refers to the dramatic deterioration of the financial indicators of a certain country or several countries and regions in the world.it can be classified as currency cr****,debt cr****,banking cr****,sub-loan cr****,etc.the feature of the cr**** ** that people are pessim**tic about the economic future because of monetary depreciation occurring throughout the region.the causes for the cr**** are complicated with multiple reasons,mainly from three aspects,i.e.,the u.s.consumption habits of borrowing,the idea of free economic management,and the economic environment and specific policy instruments.