Financial crises.
Description 1. Topic 1 (Financial crises in South-East Asia ) Financial crises in South-East Asia (1997-1998)- In 1997-98, South Korea, Thailand, Indonesia, and several other countries in that region experienced a sharp devaluation of their currencies and severe recessions. What went wrong? What are the competing explanations for the crises? How were the crises managed? What was the role of the IMF? Have these economies recovered? 2. Topic 2 (Global Financial Crisis (2007-2008) Global Financial Crisis (2007-2008) – The global financial crisis (GFC) refers to the period of extreme stress in global financial markets and banking systems between mid 2007 and early 2009. What caused the global financial crises? What was the role of the Federal Reserve? What did the FED do during the crises? How did the world respond it? What was the consequences? 3. Comparison of Topic 1 and Topic 2 crises- the parts follow logically Use about 10-15 sources which may include books, articles, information from Internet cites, etc.,