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What were the factors behind the 2007-08 financial crisis?
The factors behind the 2007-08 financial crisis included the collapse of the housing market, easy credit conditions, increased debt burdens, and growing trade imbalances.
What were the changes in the financial sector post-1970s?
Post 1970s, there was globalization of financial systems, deregulation of financial activities leading to less government control, increased competition between stock exchanges, and more multinational corporations with cross listings on foreign exchanges.
What are the differences in national banking structures mentioned in the text?
The differences in national banking structures include branch banking systems, mortgage finance systems, and regulatory regimes and arrangements.
What is the Dow Jones Industrial Average and what does it measure?
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What are some arguments related to the tension between globalization and localization in the financial sector?
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