One problem that many developing countries face is the risk of financial shocks and financial crises

One problem that many developing countries face is the risk of financial shocks and financial crises. In this class we have studied several financial crises. a. What are the characteristics of most developing countries that make them more susceptible to financial crises? b. Describe the general process that occurs when a developing country goes through a financial crisis. Please use at least two examples. c. What policies would help developing countries be more resilient to inevitable financial crises? d. What similarities and differences are there between the financial crises faced by developed countries and the crises faced by developed countries.Econ. 620 Economic Development Dr. Philip King Spring 2021 Final Exam: Take-home due on or before May 21st at 5pm. In 3000 words or less, please answer the following question. Please type your final answer and submit as a pdf to your ilearn site for the final assignment. One problem that many developing countries face is the risk of financial shocks and financial crises. In this class we have studied several financial crises. a. What are the characteristics of most developing countries that make them more susceptible to financial crises? b. Describe the general process that occurs when a developing country goes through a financial crisis. Please use at least two examples. c. What policies would help developing countries be more resilient to inevitable financial crises? d. What similarities and differences are there between the financial crises faced by developed countries and the crises faced by developed countries. In the above discussion make sure you include the following: a. b. c. d. e. Trade policies Exchange rates The International Monetary Fund (IMF) Central bank behavior and monetary policy Fiscal policy