Question

Why there are financial crisis across economies in globe? How financial institutions reduce impact of these crisis?

FIN402​

Answer 1

Answer:

The global economic crisis has led to a sharp reduction in world trade and rapid decline in commodity prices. This is one of the main mechanisms through which LDCs have been affected.

During the financial crisis the sensitive cooperation of international financial service was severely disturbed and this affected international trade. Thus the price increase in trade financing or the absence of it has led to a decrease in global trade flows

Explanation:

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Answer 2

Answer:

They are under pressure from the international institutions to relax their previous ... The crisis did impact the developing countries, principally via financial flows and through trade.