EBK ECONOMICS OF MONEY, BANKING AND FIN
EBK ECONOMICS OF MONEY, BANKING AND FIN
11th Edition
ISBN: 8220103112550
Author: Mishkin
Publisher: Pearson Education (US)
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Chapter 12, Problem 3WE
To determine

Causes of the crisis in European Continent I.

Concept Introduction:

Global Financial Crisis: It can be defined as the crisis which affected many countries at the same time because during this crisis period; markets, financial institutions, companies,and consumers experienced severe difficulties simultaneously and during the global financial crisis, businesses suffer as lending is stopped because financial institutions lose faith during this crisis. In 2011, mortgage rates reached record-low levels due to the global financial crisis.

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