Since the Great Depression of 1930s, the financial crisis that hit the world in 2007 has created the greatest financial disorders. There were 4 main asset classes that were hit by the crisis. First of all, the crisis in the equity market that provides some comprehensive view of the fall that happened during the crisis and compares it to earlier markets. Second of all, the crisis of the fixed income that resulted in the falling home prices. The third fact is the crisis that happened in the foreign exchange market. Finally, the last class is the wrong handling of the emerging markets in the crisis.
References :
- Michael, M., & Mark, T. (2009). The global financial crisis: Causes, threats and opportunities. Introduction and overview. Retrieved November 05, 2009, from Sciencedirect.com
http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V9S-4WYJSK5-1&_user=894227&_rdoc=1&_fmt=&_orig=search&_sort=d&_docanchor=&view=c&_searchStrId=1077226730&_rerunOrigin=google&_acct=C000047539&_version=1&_urlVersion=0&_userid=894227&md5=987c9d27f77c7ab0676c75377ddcbb50
- Image retrieved from : http://www.uml.edu/wuml/podcast/media/global_financial_crisis1.jpg
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