BUS390: Why financial crises occur and What were the underlying causes of the following three major financial crises: International Financial Markets and Institutions Essay, MU

In this essay you must include discussions on the following:

(a) Why financial crises occur?
(b) What were the underlying causes of the following three major financial crises?
(i) Great depression of 1930s;
(ii) Asian currency crisis of 1997, and
(iii) Global financial crisis of 2007-2009?
(c) Can you draw any general conclusion regarding the causes of these three crises? In other words, do you find any common factor responsible for these crises?
(d) How have financial markets been affected by COVID19?

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