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Why had such impact on financial institutions around world

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Problem 1: Starting in 2007, the United States experienced the worst financial crisis since the 1930s. The crisis spread rapidly from the United States to other countries and from financial markets to the real economy. In addition, some financial institutions failed while many more had to be bailed out by national governments. Discuss the sources of the 2007 crisis and why it had such an impact on financial institutions around the world

Reference no: EM132998771

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