Major Causes of GFC and the Ongoing Economic Impact
ELECTRONIC ASSIGNMENT COVERSHEET
Student Number
32626336
Surname
Bajaj
Given name
Jiwan
Email jiwansbajaj@gmail.com Unit Code
BUS290
Unit name
Financial Markets and Institutions
Enrolment mode
External
Date
13 March 2015
Assignment number
Option (b)
Assignment name
Major causes of GFC and the ongoing economic impacts
Tutor
Lester Chan
Student’s Declaration:
Except where indicated, the work I am submitting in this assignment is my own work and has not been submitted for assessment in another unit.
This submission complies with Murdoch University 's academic integrity commitments. I am aware that information about plagiarism and associated penalties can be found at http://www.murdoch.edu.au/teach/plagiarism/. If I have any doubts or queries about this, I am further aware that I can contact my Unit Coordinator prior to submitting the assignment.
I acknowledge that the assessor of this assignment may, for the purpose of assessing this assignment: reproduce this assignment and provide a copy to another academic staff member; and/or submit a copy of this assignment to a plagiarism-checking service. This web-based service may retain a copy of this work for the sole purpose of subsequent plagiarism checking, but has a legal agreement with the University that it will not share or reproduce it in any form.
I have retained a copy of this assignment.
I will retain a copy of the notification of receipt of this assignment. If you have not received a receipt within three days, please check with your Unit Coordinator.
I am aware that I am making this declaration by submitting this document electronically and by using my Murdoch ID and password it is deemed equivalent to executing this declaration with my written signature.
Optional Comments to Tutor:
E.g. If this is a group assignment, list group members here
Introduction
The recent financial crisis was the worst we have experienced since the Great depression in the 1930s. A Financial crisis is essentially
Student Number
32626336
Surname
Bajaj
Given name
Jiwan
Email jiwansbajaj@gmail.com Unit Code
BUS290
Unit name
Financial Markets and Institutions
Enrolment mode
External
Date
13 March 2015
Assignment number
Option (b)
Assignment name
Major causes of GFC and the ongoing economic impacts
Tutor
Lester Chan
Student’s Declaration:
Except where indicated, the work I am submitting in this assignment is my own work and has not been submitted for assessment in another unit.
This submission complies with Murdoch University 's academic integrity commitments. I am aware that information about plagiarism and associated penalties can be found at http://www.murdoch.edu.au/teach/plagiarism/. If I have any doubts or queries about this, I am further aware that I can contact my Unit Coordinator prior to submitting the assignment.
I acknowledge that the assessor of this assignment may, for the purpose of assessing this assignment: reproduce this assignment and provide a copy to another academic staff member; and/or submit a copy of this assignment to a plagiarism-checking service. This web-based service may retain a copy of this work for the sole purpose of subsequent plagiarism checking, but has a legal agreement with the University that it will not share or reproduce it in any form.
I have retained a copy of this assignment.
I will retain a copy of the notification of receipt of this assignment. If you have not received a receipt within three days, please check with your Unit Coordinator.
I am aware that I am making this declaration by submitting this document electronically and by using my Murdoch ID and password it is deemed equivalent to executing this declaration with my written signature.
Optional Comments to Tutor:
E.g. If this is a group assignment, list group members here
Introduction
The recent financial crisis was the worst we have experienced since the Great depression in the 1930s. A Financial crisis is essentially
References: Business insider, finance article: “what really went wrong with mortgage backed securities”) by John Carney, 2009 http://www.businessinsider.com/here-is-what-really-went-wrong-with-mortgage-backed-securities-2009-7?IR=T& http://financial-dictionary.thefreedictionary.com/Banking+crisis Investopedia, 2007-08 financial crisis review, Manoj Singh