Question

1- A brief overview and historical timeline with the key players contributing to the 2008 crisis. Provide bullet points with key factors / dates.

2-Key learnings - Perform research and reflect upon what happened to include some ideas or recommendations on what could have been done to reduce the severity and global impact of the 2008 crisis. Consider some key risks and related impact. Consider who was responsible, or who should have been more responsible (i.e. financial institutions, government, central banks, households, businesses).

3-Looking forward - What should we be thinking about to be better prepared for the next financial crisis? Consider what kinds of actions, education, awareness, accountability, transparency, oversight or regulations should be implemented now. Consider how the following groups (i.e. financial institutions, government, central banks, households, businesses) could better take responsibility in reducing their own risks and/or the overall financial market risks. Finally, when do you think we will we have another financial crisis (i.e. approximate date), and what might cause the crisis?

4-Resources

Answer 1

1) In overview we can say that main reason of occurance of crisis is giving loan without securities which converts in NPA for bank and banks were main participants of economy.Due to that big banks were shutdown and it creates whole country and then whole world affected.

Key players in financial crisis in 2008 were

Lehmen Brothers

Golden Sachs

Morgan stanely

JP Morgan Chase

Bank of America

Standard and Poor

Factors of crisis:

Secritization of loan

The ideology of economy

Fraud

Defaulters in credit

Short term investment

Weak international system

Costly oil price international base

Lehman Brother benkurtcy

Washington Mutual faliure

Indybank faliure

Shadow banking

2) Ideas and recomendation mainly realted to banks. Banks should have clear criteria for providing loan which vant be turned inti NPA. Bank should always check creditability before providing loans.The financial and banking system must be like where there is no loopholes.Financial institute were main factor for crisis.

Globaly it affect growth of economy for growing country. Which was really an incrasing debt for country and it make those countries backward.

3) Steps for new protecting economy from crisis is to build a strict law foe defaulters.

Maintaining criteria of providing loans.

Accountability is mainly of banks and institutes.

Approximate finance crisis looks like will come in 2021. As now inflation will get over and will create recession in upcoming 2 years.