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In: Economics

18. The financial crisis of 2007 began in the United States with the subprime crisis, but...

18. The financial crisis of 2007 began in the United States with the subprime crisis, but this domestic crisis quickly spread beyond the US. Describe (don’t just list) the FOUR reasons presented for why this crisis became global, in other words the four reasons for the rapid international contagion of the subprime crisis.

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