The evolution of financial institutions has made the world's economies more interconnected than ever, allowing financial "contagion" to spread out of control. In an eight- to ten-page paper (not including title and references pages), address the following:
- Describe recent financial crises and describe the effect that destabilized credit, mortgage, derivative, and insurance markets have had on national economies and assess the stabilization policies implemented to address them.
- Compare and contrast two different countries during a time period when they experienced financial crises.
- Explain the role and action that central banks took to stabilizing the business cycle. Be sure your answer includes appropriate data, graphs, terms, macroeconomic indicators and theories used.
- Indicate which country you believe implemented the best stabilization policy during the crises, supporting your selection with scholarly resources.
- Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide.
- Must include a cover page that includes:?- Title of paper?- Student's name?- Course name and number?- Instructor's name?- Date submitted
- Must include an introductory paragraph with a succinct thesis statement.
- Must address the topic of the paper with critical thought.
- Must conclude with a restatement of the thesis and a conclusion paragraph.