Assignment: Discussion- Global Stock Market and Exchange Rate Fluctuations
Financial crises have short-term and long-term effects. However, most often analysts are focused only on short-term effects. In this assignment, you will be challenged to look for short-term and long-term effects and to compare the effects of two financial crises: one from 1997 and one from 2007.
Using the Argosy University online library resources and the Internet, conduct research into the 1997 South Asian financial crisis and the financial crisis that began in 2007.
Then, do the following:
Evaluate each financial crisis in terms of its impact on the international financial markets.
How significantly were global stock markets affected?
How did the major currencies react during each crisis?
What are the lessons to be learned from each crisis?
Be sure to cite your sources.
Write your initial response in a minimum of 300 words. Apply APA standards to citation of sources.