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Homework answers / question archive / Which historical, important, macroeconomic events must every student of the financial markets study and understand?

Which historical, important, macroeconomic events must every student of the financial markets study and understand?

Economics

Which historical, important, macroeconomic events must every student of the financial markets study and understand?

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The financial market students must study and understand historical, critical, and macroeconomics events such as subprime mortgage crisis, economic crisis, and the great depression. They are explained below;

  • Subprime mortgage crisis: It is a crisis that arises when the banks sale out their mortgages to meets the demand of mortgage-backed securities that are be sold in the secondary market.
  • Asian financial crisis: It is financial crisis happened due to the currency devaluation which led to a huge economic crash in the east and Southeast Asia at 1997. It is also known as "Asian Contagion."
  • Great depression: It was a worldwide economic recession that extended for the ten years starting from 1929 and ending in 1939. In 1929 it began with a massive stock market crash, and then it leads to economic deflations and severe unemployment issues in the entire globe.