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What are the causes of financial crises

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Reference no: EM131157829

What are the causes of financial crises? Can such crises be avoided? Illustrate your answer by reference to the Global Financial Crisis (3,000 word essay)

Amongst the common characteristics you should look for:

1. 'This time is different because ...'

2. Demand not for consumption purposes but for resale purposes (flipping)

3. FOMO (Fear Of Missing Out) frenzy: 'got to get in before its too late.'

Reference no: EM131157829

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