The economic and financial crisis from 2008 to 2009, also known as the global fi
ID: 1203233 • Letter: T
Question
The economic and financial crisis from 2008 to 2009, also known as the global financial crisis, was considered to be the worst financial crisis since the Great Depression. The general situation at financial markets has been additionally complicated by introduction of new financial products and another mode of operations including globalization. Global financial market seem to be playing different function in economy and it has been working due to new regulations. Introduction of new trade platforms, online access to information, integration and globalization of the market caused some revisions of finance theories. What are reliable predictors of economic and financial crisis? Describe some achievements and pending issues in context of global crisis? Are we still in danger of economic and financial crisis today?
Explanation / Answer
The reliable predictors of economic and financial crisis includes the market analysis. It includes the currency rate of exchange value which shows the status of economy of the nation. The pending isses in context of global crsis includes the ability of the government to raise funds for the development of upliftment of the labors. There was pending projects to create more employment opporturnities in the market by increasing the industries in the country. There is a danger of economic and financial crisis at present. It may occur if the market reaches saturation leading to crash.
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