金融市场与金融机构（原书第9版）题库chapter 25.docVIP

PAGE 7 Copyright ? 2018 Pearson Education, Inc. Financial Markets and Institutions, 9e (Mishkin) Chapter 25 Financial Crises In Emerging Market Economies 25.1 Multiple Choice 1) Financial crises A) are major disruptions in financial markets that are characterized by sharp declines in asset prices and the failures of many financial and nonfinancial firms. B) occur when adverse selection and moral hazard problems in financial markets become more significant. C) frequently lead to sharp contractions in economic activity. D) are all of the above. E) are only A and B of the above. Answer: D Topic: Chapter 25.1 Dynamics of Financial Crises in Emerging Market Economies Question Status: Previous Edition 2) Financial crises A) cause failures of financial intermediaries and leave only securities markets to channel funds from savers to borrowers. B) are a recent phenomenon that occur only in developing countries. C) invariably lead to debt deflation. D) all of the above. E) none of the above. Answer: E Topic: Chapter 25.1 Dynamics of Financial Crises in Emerging Market Economies Question Status: Previous Edition 3) In an emerging market economy, a financial crisis generally begins with A) mismanagement of financial liberalization or innovation. B) asset pricing booms and busts. C) an increase in uncertainty caused by failure of financial institutions. D) all of the above. Answer: A Topic: Chapter 25.1 Dynamics of Financial Crises in Emerging Market Economies Question Status: Previous Edition 4) When asset prices fall following a boom, A) moral hazard may increase in companies that have lost net worth in the bust. B) financial institutions may see the assets on their balance sheets deteriorate, leading to deleveraging. C) both A and B are correct. D) none of the above are correct. Answer: C Topic: Chapter 25.1 Dynamics of Financial Crises in Emerging Market Economies Question Status: Previous Edition 5) Stage Two of a financial crisis in an emerging m