Essay Topic:
In the past decade or more significant financial distress in the banking system of one economy has given rise to vulnerability and distress in the banking systems of other economies. Discuss this issue with respect to one of the following countries.
a. Ireland
b. Greece
c. Iceland
d. Denmark
The essay must include the following aspects:
1. A general description of the financial markets in the country selected.
2. The pros and cons of the impact of globalisation for the country of your choice with real examples to support the claims.
3. Your analysis of the impact of the financial distress in your selected country on other economies.
4. The response of the government and other agencies to stabilize the financial system of your selected economy.