World economy, Economic bubbles, Systemic risk
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World economy, Economic bubbles, Systemic risk


  • Undergraduate
  • 1662

Short excerpt:

The global financial crisis began to show its influx in the middle of 2007 and later spread into the whole 2008. The crisis caused dreadful effects on all segments of people across the globe, especially in western countries. The global financial crisis rapidly resulted in the failure of world stock markets and subsequently the collapse large financial institutions. Countries with economic insecurity were largely affected since they could not effectively initiate various monetary tools. However, even wealthiest governments were forced to declare diverse rescue packages in order to bail out and thereby ensure the safety of their financial systems. The decade witnessed a series of collapses in the American banking sector, which were directly attributed to the crisis. The most challenging

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