Institutions in the Global Financial Market

Institutions in the Global Financial Market 2015-6 ASSESSMENT QUESTION

The 2008 global financial crisis is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It resulted in the bailout of banks by national governments, the threat of collapse of many large financial institutions, downturns in equity, credit and real estate markets around the world, and long-lasting effects on labour markets and economic growth throughout the world. Previous studies have concluded that the crisis was caused by a number of factors, including amongst others imprudent mortgage lending, securitization and risk models, deregulatory legislation and poor oversight, and excessive leverage and risk-taking.

Please choose one of the causes of the 2008 financial crisis and discuss it with specific reference to your knowledge of institutions in the global financial market.

GUIDELINE

Your essay should clearly demonstrate analytical, critical and evaluative skills and address your chosen cause of the 2008 financial crisis.

Evidence is expected of a wide background of reading and research, without which above average grades are unlikely. All references should be acknowledged (see Library handout on reference styles – Harvard approach is strongly recommended). Good standards of written English and presentation are expected and marks will be deducted if such standards are not met. Given the short length of the essay, a separate introduction and conclusion are not necessary.

In summary, this essay should:

1. Examine in depth the chosen cause of the 2008 financial crisis.

2. Evaluate the relevant regulatory changes, if any, which were undertaken as a result of the chosen cause of the 2008 financial crisis.

3. Offer suggestions on future resolutions to the chosen cause/problem.

WORD INDICATION

The essay should be typed on A4 paper, Times New Roman, 12 point font, aligning text to both left and right margins, double spacing and should be no more than 1,000 words, excluding the reference page(s), bibliography and appendices (if applicable).

Marks will be deducted for excessively short or lengthy essays. Separate word counts should be displayed on the opening cover of each individual coursework.

The essay should have attached the official cover sheet with the student number, course, module number and title. Please keep a copy of the essay for your own records.

PLAGIARISM

“Plagiarism is the practice of presenting thoughts, writings or other output of another or others as original, without acknowledgement of their source(s).” All material used to support a piece of work, whether a printed publication or from electronic media, should be appropriately identified and referenced and should not normally be copied directly unless as an acknowledged quote. Text translated into the words of the individual student should in all cases acknowledge the source. For further information please see:

http://www.sussex.ac.uk/s3/?id=35&jquery=off

Before submitting the essay, you should check through it to ensure that:

? any material that has been identified as originally from a previously published source has been properly attributed by the inclusion of an appropriate reference in the text;

? direct quotations are marked as such (using “quotation marks” at the beginning and end of the selected text); and

? citations are included in the list of references.

SUBMISSION

TBC