Writing Topic:The economic and financial crisis from 2008 to 2009, also known as the global...

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Writing Topic:The economic and financial crisis from 2008 to 2009, also known as the global financial crisis and current COVID-19pandemic situation, are considered to be the worst financial crisis since the Great Depression. The general situation of financial markets has been additionally complicated by the introduction of new financial products as well as other modes of operations including globalization. The global financial market seems to be playing a different function in our economy and it has been working because of new regulations. The introduction of new trade platforms, online access to information, integration, andCOVID-19 pandemichave caused some revisions of finance theories and globalization process. Answer one or two questions only.What are reliable predictors of economic and financial crises?Describe some achievements and pending issues in context of a global crisis.What are the dangers of economic and financial crises today caused by COVID-19 pandemic?Instructions:Conduct research from viable and credible sources such as and not limited to economic journals, periodicals, books, data base, and websites.This assignment should be submitted/uploaded via D2L on the date the assignment is due. Any late assignments will be subject to a letter grade reduction unless an extension has been negotiated with the professor prior to the due date.In this written assignment, the quality of your writing and the application of APA format will be evaluated in addition to your content. Evaluation based on these criteria is designed to help prepare you for completing your college projects, which must be well written and follow APA guidelines. Each written assignment should contain a minimum of 800 words, but no more than 900 words. Make sure that you use correct spelling, grammar, and punctuation.

Akash · Accepted Answer

MACROECONOMICS		3
MACROECONOMICS
(Chosen Topic Question: What are the dangers of economic and financial crises today caused by COVID-19 pandemic?)
Table of Contents
Introduction	3
Reliable Predictors of Economic and Financial Crisis	3
Dangers of Economic and Financial Crisis, caused by the COVID-19 Pandemic	4
Conclusion	6
References	8
Introduction
In an effort to flatten the pandemic curve, a ripple effect has lead to an economic instability all over the world, resulting in a global financial crisis. The government and the regulators are dealing with different problems caused by increased volatility due to market disruptions. Policy makers have introduced various new schemes to attract market participants and help them undertake trades even during such unprecedented times, when the level of economic activity all over the world has been significantly low.
Reliable Predictors of Economic and Financial Crisis
There are different theories all around the world regarding macroeconomic determinants that can predict future economic or financial crisis (McKibbin & Fernando, 2020). While some believe that there are absolutely no reliable indicators, others share a view that there are certain economic variables which can provide reasonable conclusions on the basis of a given set of data.
A research paper conducted by the National Bureau of Economic Research, USA has identified certain early warning predictors of economic and financial crisis on the basis of data pertaining to The Great Recession and other banking crises along with extensive assessment of about 80 working papers on the same. The following predictors are considered to be appropriate for policy makers:
Gross Domestic Product: 
As noted by Ozili and Arun (2020), GDP is the aggregate of all goods and services produced in an economy in a year. This serves as an appropriate indicator of an economy’s stability, and its future prospects. It also helps measure a country’s Per Capita Income, which is GDP with respect to the country’s population.
Real Effective Exchange Rate:
Also known as REER, it is the weighted average of a currency in relation to other major currencies of the world. 
Credit: 
In a general perception,

Writing Topic: The economic and financial crisis from 2008 to 2009, also known as the global financial crisis and current COVID-19pandemic situation, are considered to be the worst financial crisis...

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