Scenario |
Date |
Main Shock |
Description |
Asian Crisis 1997 |
Jul 1997 |
Thai Baht -20% |
Asian crisis starts with the collapse of the Thai baht in July 1997 and soon spreads to several Asian countries |
Russia Crisis 1998 |
Aug 1998 |
Ruble -50% |
The Russian stock, bond and currency markets collapse as a result of fears for a ruble devaluation and a default on domestic debt |
Dot-Com Bubble 2000 |
Mar 2000 |
Technology Sector -20% |
Overvalued technology stocks collapse in price |
September Attack 2001 |
Sep 2001 |
US Equities -20% |
September terrorist attacks in the US cause the global financial markets to drop sharply |
Lehman Default 2008 |
Sep 2008 |
Financial Sector -30% |
Financial services firm Lehman Brothers files for Chapter 11 bankruptcy protection on September 15, 2008 |
European Crisis 2010 |
Apr 2010 |
Euro -10% |
S&P downgrades Greece's sovereign credit rating to junk, triggering a decline on stock markets worldwide and the Euro's value |
Flash Crash 2010 |
May 2010 |
Dow -10% |
On May 6 2010, the Dow drops 1000 points intraday to regain 600 points 20 minutes later |
Oversupplied Oil 2014 |
Jun-Dec 2014 |
Oil -40% |
OPEC fails to reach agreement on production curbs, sending the price of oil tumbling |
Brexit 2016 |
Jun 2016 |
Sterling -12% |
British citizens vote to exit the European Union. The referendum roils global markets, including currencies, causing the British pound to fall to its lowest level in decades |