QUESTION 2
Differentiate between the main factors in the initiation of financial crises between the advanced and emerging market economies.
Financial crises in advanced economies can begin in several ways: mismanagement of financial liberalization/ innovation, asset-price booms and busts, or a ...
This study source was downloaded by 100000836267798 from CourseHero.com on 07-04-2022 08:33:23 GMT -05:00
Downloaded by: lilliem637 | Lilliem637@gmail.com
Distribution of this document is illegal
https://www.coursehero.com/file/101655673/Stuvia-1064147-ecs3701-assignment-2-semester-1-en-2-2021pdf/
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
ECS3701
ASSIGNMENT 2 SEMESTER 1 & 2 2021
UNIQUE NUMBER: 626172
DISCLAIMER: Extreme care has been used to create this document, however the contents are provided “as is” without any
representations or warranties, express or implied. This document is to be used for comparison, research and reference
purposes ONLY. Directly submitting and/or reselling/ distribution / reproduction any part of this document is not permitted.
PREVIEW OF QUESTION 1
Discuss how collateral and indirect finance are used in explaining the basic facts aboutfinancial
structure around the world.
Collateral is a prevalent feature of debt contracts for both households and businesses. Collateral is property that
is pledged to a lender to guarantee payment in the event that the borrower is unable to make debt payments.
Collateralized debt (also known as secured debt to contrast it with unsecured debt, such as credit card debt,
which is not collateralized) is the predominant form of household debt and is widely used in business borrowing
as well.
This study source was downloaded by 100000836267798 from CourseHero.com on 07-04-2022 08:33:23 GMT -05:00
Downloaded by: lilliem637 | Lilliem637@gmail.com
Distribution of this document is illegal
https://www.coursehero.com/file/101655673/Stuvia-1064147-ecs3701-assignment-2-semester-1-en-2-2021pdf/
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller DrPhilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R74,47. You're not tied to anything after your purchase.
