The Relationship Between Rising Credit Risks and Economic Crises

Authors

  • Murad Abbas oğlu Məmmədov Teacher of the "Natural Sciences" subject combination commission of the Azerbaijan State Pedagogical College under the Azerbaijan State Pedagogical University, Master of Azerbaijan Technical University

Keywords:

credit, crisis, development

Abstract

Credit risk refers to the possibility that a borrower will not be able to meet its obligations. An increase in this risk could seriously affect the financial health of banks and the broader economic environment. Credit risks usually increase during economic crises, as economic downturns, unemployment, and declining production worsen borrowers' ability to pay. This article examines the relationship between the increase in credit risks and economic crises, adds the effects of the global financial crisis, and discusses the role of devaluation in the economic context of Azerbaijan.

Published

2024-11-11

How to Cite

Murad Abbas oğlu Məmmədov. (2024). The Relationship Between Rising Credit Risks and Economic Crises. Scientific Results, (8). Retrieved from https://ojs.publisher.agency/index.php/SR/article/view/4529

Issue

Section

Economic Sciences