The Effects of Global Financial Crisis in Nigeria
The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults (Kindleberger and Aliber, 2005, Laeven and Valencia, 2008). Causes of the Crisis
The reasons for this crisis are varied and complex, but largely it can be attributed to a number of factors in both the housing and credit markets, which developed over an extended period...
References: Abubakar, M. (2008) ‘The Implication of Global Financial Crisis on International Marketing’
Unpublished M.Sc
Avery, C., and Zemsky, P. (1998), ' Multidimensional Uncertainty and Herd Behavior in
Financial Markets ' American Economic Review 88, pp
Avgouleas, E. (2008) ‘Financial Regulation, Behavior Finance, and the Financial Credit
Crisis in Search of a New Regulatory Model’ Retrieved from http;//papers.ssrn.com on
Baker, Dean (2008) “The housing bubble and the financial crisis,” Center for Economic and
Policy Research.
Chari, V., and Kehoe, P. (2004), 'Financial crises as herds: overturning the critiques ' Journal of Economic Theory 119, pp. 128-150.
Cipriani, M., and Guarino, A. (2008) 'Herd Behavior and Contagion in Financial Markets '
The B.E
Crotty, J. (2008) “Structural Causes of the Global Financial Crisis: A Critical Assessment of
the ‘New Financial Architecture’” Political Economy Research Institute (PERI) University of
the Federal Government 2009 Budget’ paper Presented at: Policy Support and Advisory
Wikipedia (2008) ‘Subprime Mortgage Crisis’ retrieved from
Wray, Randall (2007) “Lessons from the Subprime Meltdown,” Levy Institute Working Paper
No
Please join StudyMode to read the full document