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Essay / Research Paper Abstract
This 6 page paper looks at the causes, consequences and implications of financial crises, looking at different financial crises that have occurred during the 20th century, starting with the 1929 crash moving opportunity 2008/9 credit crunch and global recession. Commonalities and differences identified and potential explanations are considered. The bibliography cites 8 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEcrisis2909.rtf
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Unformatted sample text from the term paper:
started in 2008. Despite the common onions that financial crises are few and far between, a cursory glance and the global economy indicates many different crisis, some of which are
localised, but are likely to have art least a limited international impact due to the interrelatedness of the global envoy, and others which are global. Events, such as the 1929
depression, the 1987 crash, the Asian financial crisis in 1997, the dot com bubble and the 2008/9 credit crunch are just some of the more visible crisis that have occurred,
There may be argued some common causes and commonalities in the way that they have taken place. In the run up to the 1929 crash there
was described as situation where there was an orgy of speculation (Norris, 1999). The stock markets and the currency markets are subject to speculation, it is for this reason that
stock process will grow or fall (Roubini, 2000). When it is believed that the stock price or the return associated with the stock will increase then the demand become
higher than the supply and the price increases until an equilibriums reached, even if it is in a constant state of flux, where there is a belief that the opposite
will happen and that the values will fall then there will be an increase in supply and a decease in demand reducing the price until the equilibrium is reached (Roubini,
2000). In the run up to the depression there have been a large growth periods, it was seen as one of the longest running bull periods
of the time (Norris, 1999). There may have been a recognition that the market may not have been able to sustain such high growth rates, but many commentators believed that
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