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Introduction financial crisis is defined as “a situation characterized by severe disruptions in the value of financial institutions’ assets. Global financial crisis in 2008 name course professor date global financial crisis in 2008 according to herkenrath and christian, global financial crisis entail. The global financial crisis has been brewing for quite a while now, but it really started showing its efforts in the early 2007 and into 2008 during this period the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments of even the developed nations have had to come up with rescue.
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