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The Rise of The Current World Economic And Banking CrisisNameCourseDateTHE RISE OF THE stream WORLD ECONOMIC AND BANKING CRISISIntroductionAccording to Prof . Akbar (2009 , financial crises unremarkably give up terce characteristics namely the asset market which if collapses , takes a ache time to recover and has adverse effects on the providence . The second characteristic that portrays a financial crisis is the banking sector which is normally associated with output and unemployment . The third characteristic that he talks of is the historical value of government debt explodes . According to him , if anything happens to negatively affect the three , there will be high debt increases that will in turn lead to the collapse in tax revenues .

We indeed ask ourselves , was it these three characteristics that authoritatively caused the current world economical and banking crisisRise of the Current World economic CrisisAccording to Ambrose (2009 , borrowing-to-incomes ratio in the UK begun acclivity by 48 per cent or 46 dowery points of personal disposable income in 1998 . The increases in debt-to-income ratios on this musical scale resulted from the low inflation and low real interest browse environment that has been established in the past decade . This was followed by a decline of the Gross interest payments on debts especially in the UK where the interest rates were 16 per cent to a lower place the 7 .5 per cent per annum . However , according to Prof . Akbar (2009 , real problems began to emerge in the financial markets in June 2007 as a result...If you want to get a full essay, order it on our website: Ordercustompaper.com

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