Homework: Causes & Effects of a Global Financial Crisis
Global financial crises usually involve an exchange rate crisis, a banking crisis, a debt crisis, or a combination of these three crises. Prior to beginning work on this homework, read Gerber's (2017) Chapter 12, focusing on The Case Study: The Global Crisis on pages 299-302. Then, respond to the following components:
1) Describe the common causes of global financial crises.
2) Analyze the specific causes of the 2007-2009 global financial crisis.
3) Choose one country other than the United States, and address the following:
a) Compare and contrast the impacts of the 2007-2009 global financial crisis on this selected economy with the impacts on the U.S. economy.
b) Summarize how the country's government responded to the crisis.
c) Classify the country's current economic situation within the world economy.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.