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Essay / Research Paper Abstract
This 16 page paper looks that the causes of the global credit crisis of 2008/9 considering the causes of the crisis and how these were able too impact the international markets and the way that this impacted on aggregate supply and aggregate demand. The paper then moves on to look at the way that governments’, such as the South African government may respond with strategy to stimulate the economy and help recovery. The bibliography cites 7 sources.
Page Count:
16 pages (~225 words per page)
File: TS14_TESAcrisis.rtf
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Unformatted sample text from the term paper:
best responses to the crisis to minimise both the financial and the human cost, as the crisis has caused a global recession which results in increased unemployment, falling despicable income
and the associated costs in terms of standard of living and security, it is necessary to understand what has caused the crisis and the influencing factors. Examining the causes of
the problems may help with the identification of potential remedies or factors that will ease the situation, at a later stage the understanding of the causes may also help with
the way that measures are designed to prevent or try to prevent the same events occurring in the future. However, for countries such as South Africa there is an increased
level of complication, as the crisis appears to have started ion the US and spread outwards, as such it is the impact from the international markets that have been felt.
The reactions to the crisis will need to be both national and international prevention may be more complex as a result of international interactions of the different economies. When
looking at the causes of the crisis it may be argued that the first materialisation was seen in the general markets when in August of 2007 the United States Federal
Reserve started intervening in the markets, reducing the discount window interest-rate at the same time as increasing the normal lending period to 30 days. However, this was a reaction as
there had been problems seen in the markets and there were emerging liquidity problems. However the underlying causes appear to be a convergence of factors.
When considering the causes a great deal of blame has been attributed to the way in which the subprime lending markets have been managed, and business practices
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