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Answer to Question #233170 in Economics for lacchey

Question #233170

Explain the impact of the 2007-2009finacial crisis on international bank lending


1
Expert's answer
2021-09-07T09:45:27-0400

Over the short term, the financial crisis of 2008 affected the banking sector by causing banks to lose money on mortgage defaults, interbank lending to freeze, and credit to consumers and businesses to dry up.


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