Exam 9: Financial Crises

Factors that led to worsening financial market conditions in East Asia in 1997-1998 included ________.

A sharp decline in the stock market means that the ________ of corporations has fallen.

During the 2007-2009 financial crisis in the U.S.the credit spreads peaked at ________ in December 2008.

The two key factors that trigger speculative attacks on emerging market currencies are ________.

Factors that lead to worsening conditions in financial system include ________.

A sharp depreciation of the domestic currency after a currency crisis leads to ________.

Factors that led to worsening conditions in Mexico's 1994-1995 financial markets,but did not lead to worsening financial market conditions in East Asia in 1997-1998 include ________.

U.S.firms affected by the financial crisis included ________.

In a bank panic ________.

The start of a recession or a stock market crash can result in ________.

"Plain vanilla" assets are ________.

The housing boom in the United States was aided by ________.

A bank loan to a household or business was not a security because ________.

The "democratization of credit" was attributed to ________.

The originate-to-distribute business model is when ________.

The dark side of financial liberalization is ________.

The risk of asset-backed commercial paper depends on ________.

An unanticipated decline in the price level increases the burden of debt on borrowing firms but does not raise the real value of borrowing firms' assets.The result is ________.

Mortgages for borrowers with higher expected default rates are also known as ________.

What triggered the ABCP saga in Canada?