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INTRODUCTION

There is common understanding consensus that the credit crisis commenced in the summer of 2007, when it was initially referred to as the "credit crunch" or "credit crisis". The implication was the lack of availability of funds for lending in the industrialized world. When the crisis was in its early stage, the lack of liquidity was commonly viewed as the main problem however the crisis has proved to be lasting longer than expected and has escalated. During the months of September and October 2008, several US and European financial institutions collapsed and others were nationalized or merged with government https://www.51lunwen.org/liuxuezuoyedx/ support (PLC 2009). Well known financial institutions such as Fannie Mae, Freddie Mac and Lehman Brothers were perceived to be undercapitalized or viewed as having significant exposure to the subprime sector failures in 2008. Market uncertainty and stress escalated as organizations tried to limit their exposure. As fears persisted there were further failures. This prompted the UK government to inject a package of measures to tackle some of the main systemic issues.

This report examines the aspects of the global financial crisis on the world economy and identifies possible implications development and investment in the UK in what has been a radically transformed financial landscape. It will outline the nature of measures taken by the UK government to stabilize the financial markets and provide liquidity for business. It will further assess using statistical data the impact of measures taken to date.

Section 1 of the report examines the demise of the sub-prime residential mortgage market in the US which triggered the global financial crisis and concludes with a discussion of policy implications of the crisis, and advocates a significant improvement in the regulatory structure.

Section 2 of the report discusses the impact of the financial crisis on the UK economy and identifies the extent of the contraction in economic output.

Section 3 report explores and highlight events which have triggered incidents of financial stress and explores the actions that were taken to resolve and how United Kingdom progress, how they come up with strategies to survive with the financial crisis, with the help and support from the European government and Bank of England in its attempt to recover previous financial crisis and its statistical evidence to the extent which https://www.51lunwen.org/liuxuezuoyedx/ it has recover. The last section of the report brings together the highlights of the inter-connectivity across financial market functionality, the G-20 International Policy response, economic prosperity and property market performance as well as identifying the options required to stimulate interbank lending.

1. Sub-prime residential mortgage market in the US

The term ‘Sub-prime lending' has been applied to the provision of loans and mortgages for people with poor credit histories, usually on low incomes and against the potential increase value of a property. Such individuals would not normally be granted loans from mainstream lenders because of their credit history or employment status. The impact of this type of lending is that a large number of debts were defaulted on with insufficient security fall back for the lenders. This type of lending is commonly held as the main driver to the current financial crisis,本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。