Global financial crises usually involve an exchange rate crisis, a banking crisis, a debt crisis, or a combination of these three crises. Prior to beginning work on this assignment, read Gerber’s (2017) Chapter 12, focusing on The Case Study: The Global Crisis on pages 299-302. Then, respond to the following components:
Describe the common causes of global financial crises.
Analyze the specific causes of the 2007-2009 global financial crisis.
Choose one country other than the United States, and address the following:
Compare and contrast the impacts of the 2007-2009 global financial crisis on this selected economy with the impacts on the U.S. economy.
Summarize how the country’s government responded to the crisis.
Classify the country’s current economic situation within the world economy.
2-3 pages length