Title Unit 8.docx ✅

Unit 8 Financial Crises: Theory, Evidence and Remedies  Theories: First, Second and Third Generation;  Minsky’s Financial Instability Hypothesis;  Financial crisis 2007/08; Remedies for Financial Crisis. Financial crisis 2007/08 and Remedies for Financial Crisis. The global financial crisis (GFC) denotes a time of significant strain in worldwide financial markets and banking systems from around mid-2007 to early 2009. Triggered by a decline in the US housing sector, it led to a domino effect, spreading financial turmoil from the US to other nations through interconnected global financial channels. Numerous banks worldwide suffered substantial losses and had to depend on government aid to prevent collapse. Agent of Financial Crisis: Banks Investment Banks Credit Rating Agency Insurance Company Investors Detailed explanation in Class.