FinancialcrisesLessonsfromhistory.docVIP

Financial crises_ Lessons from history AnalysisBy Steve Schifferes Economics reporter, BBC News he current market jitters are centred on disturbances in the worlds credit markets. Worries about the viability of sub-prime mortgage lending have spread around the financial system, and the central banks have been forced to pump in billions of dollars to oil the wheels of lending. But what happened in previous financial crises, and what are the lessons for today? There have been a growing number of financial crises in the world, according to the International Monetary Fund (IMF). Among t