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Describe a generic asset bubble

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Questions -

Q1. Define financial crisis and differentiate between systemic and non-systemic crises.

Q2. Describe a generic asset bubble.

Q3. Define leverage and explain its role in asset bubble formation.

Q4. Explain why bubbles burst, causing financial panics.

Q5. Define and explain the importance of lender of last resort.

Q6. Define and explain the importance of bailouts.

Q7. Narrate the causes and consequences of the financial crisis that began in 2007.

Reference no: EM133085102

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