Answer the following three article-based questions, based on the Paul Beaudry and Amartya Lahiri (2009) article *ATTACHED*, Risk Allocation, Debt Fueled Expansion and Financial Crisis,, in your own words: 1. Briefly summarize the major items that caused the financial crisis of 2001 – 2007. What were the specific factors that the authors feel can explain the events that took place during the period? 2. Please indicatein not more than a couple of sentences eachwhat the authors mean by the following five terms: Empirical Patters, Debt Fueled Expansions (Models), Equilibrium Characterization, Default Risk, and Adverse Selection. 3. Please describe and discussin detailany two of the five terms covered in the article-based question # 2 above (there is no need to discuss the proofs, propositions, etc.). You must also offer your views as to how this relates to the current financial crisis.Next, please answer the following two contemporary questions, using PA 09 as your primary source of reference (feel free to use additional articles):A. How can we interpret and evaluate events that have unfolded in the world of finance, especially the events that took place in the US and in any other major country since early 2011 o 2012? Please extend the concepts covered in the article to your discussion of recent events.B. What is your view of the authors assertion that the resources available to financial intermediaries acts as a form of risk capital that links current states to future economic activity? Give a specific example, based on the activities of any one (or more) of the major financial institutions, which was observed in recent months, say, since January of 2012.
Paul Beaudry and Amartya Lahiri
Plagiarism-free and delivered on time!
We are passionate about delivering quality essays.
Our writers know how to write on any topic and subject area while meeting all of your specific requirements.
Unlike most other services, we will do a free revision if you need us to make corrections even after delivery.
How it Works
Place an order
Fill out the order form.
Attach any custom instructions that is required to complete your order.
Pay online safely.
The order form will redirect you to a payment page.
Receive Order via Email
Once the order is complete, we’ll send it via the email provided on the order form.