Discuss ONE of the financial crises that have occurred globally since the Bretton Woods agreement in 1945.

April 12, 2023April 12, 2023 Discipline: Economics
Discuss ONE of the financial crises that have occurred globally since the Bretton Woods agreement in 1945.
Please discuss 1973 OPEC Oil Crisis.

1. What were the initial conditions that led to the crisis

  • a. Exchange rate regime
  • b. Monetary policy
  • c. Banking environment
  • d. Fiscal policy
  • e. Fiscal deficit/national debt
  • f. Broader macro-economic environment
2. Describe the impact of the crisis on the macro-economy of the affected country or region
3. Discus the duration of the crisis
  • a. When did it begin and end
4. How was it resolved
5. Speculate on what monetary policies if any, that in your opinion would have
  • a. Prevented the crisis in the first place OR
  • b. Mitigated the worse effects of the crisis OR
  • c. Ensures that a similar crisis will not occur in the future.

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