Consideration of central bank or commercial banks in lesotho

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The 2007 financial crisis is the breakdown of trust that occurred between banks the year before the 2008 financial crisis. It was caused by the subprime mortgage crisis, which itself was caused by unregulated use of derivatives. This timeline includes the early warning signs,causes the signs of breakdown. It also recounts the steps taken by the U.S. Teasury and the Federal Reserve to prevent an economic collapse. Despite these efforts, the financial crisis still led to the Great Recession.

Do you think the crisis could have been prevented, outline, unpack and motivate your answer for the consideration of Central Bank or Commercial Banks in Lesotho in how to prepare or prevent the crisis?

Reference no: EM132909319

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