{"id":191,"date":"2025-05-06T13:31:58","date_gmt":"2025-05-06T13:31:58","guid":{"rendered":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/?page_id=191"},"modified":"2025-09-05T14:27:35","modified_gmt":"2025-09-05T14:27:35","slug":"chapter-7","status":"publish","type":"page","link":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/chapter-7\/","title":{"rendered":"Chapter 7"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-color has-link-color has-lora-font-family has-medium-font-size wp-elements-4b9fb338066b503aaf6d525c217346da\" style=\"color:#0f476a\">Financial Crises&nbsp;<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color has-lora-font-family has-medium-font-size wp-elements-cba01e8d081f11ab5ffaa8c91e3020ef\" style=\"color:#0f476a\">Quizzes&nbsp;<\/h3>\n\n\n\n<p>Test your knowledge with the Chapter 7 quiz!&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group has-border-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-color:#cccccc;border-width:1px;background-color:#f7f7f7;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--30)\"><script>\n                            if (window.qmn_quiz_data === undefined) {\n                                    window.qmn_quiz_data = new Object();\n                            }\n                    <\/script><script>window.qmn_quiz_data[\"12\"] = {\"quiz_id\":\"12\",\"quiz_name\":\"Chapter 7 MCQ Single Answers\",\"disable_answer\":0,\"ajax_show_correct\":0,\"progress_bar\":\"1\",\"contact_info_location\":0,\"qpages\":{\"1\":{\"id\":\"1\",\"quizID\":\"12\",\"pagekey\":\"J4znOSvS\",\"hide_prevbtn\":\"0\"}},\"skip_validation_time_expire\":0,\"timer_limit_val\":0,\"disable_scroll_next_previous_click\":0,\"disable_scroll_on_result\":0,\"disable_first_page\":0,\"enable_result_after_timer_end\":0,\"enable_quick_result_mc\":0,\"end_quiz_if_wrong\":0,\"form_disable_autofill\":0,\"disable_mathjax\":0,\"enable_quick_correct_answer_info\":\"0\",\"quick_result_correct_answer_text\":\"Correct! 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place most of the blame for the 1980s debt crisis on lenders.\",\"answer_array\":\"a:2:{i:0;a:3:{i:0;s:4:\\\"TRUE\\\";i:1;d:0;i:2;i:0;}i:1;a:3:{i:0;s:5:\\\"FALSE\\\";i:1;d:0;i:2;i:1;}}\",\"answer_one\":\"\",\"answer_one_points\":\"0\",\"answer_two\":\"\",\"answer_two_points\":\"0\",\"answer_three\":\"\",\"answer_three_points\":\"0\",\"answer_four\":\"\",\"answer_four_points\":\"0\",\"answer_five\":\"\",\"answer_five_points\":\"0\",\"answer_six\":\"\",\"answer_six_points\":\"0\",\"correct_answer\":\"0\",\"question_answer_info\":\"False, they place more responsibility on borrowers.\",\"comments\":\"1\",\"hints\":\"\",\"question_order\":\"1\",\"question_type\":\"0\",\"question_type_new\":\"0\",\"question_settings\":\"a:21:{s:8:\\\"required\\\";i:0;s:12:\\\"answerEditor\\\";s:4:\\\"text\\\";s:14:\\\"question_title\\\";s:10:\\\"Question 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the Great Moderation, there was a relaxation of concerns about the business cycle.\",\"answer_array\":\"a:2:{i:0;a:3:{i:0;s:4:\\\"TRUE\\\";i:1;d:0;i:2;i:1;}i:1;a:3:{i:0;s:5:\\\"FALSE\\\";i:1;d:0;i:2;i:0;}}\",\"answer_one\":\"\",\"answer_one_points\":\"0\",\"answer_two\":\"\",\"answer_two_points\":\"0\",\"answer_three\":\"\",\"answer_three_points\":\"0\",\"answer_four\":\"\",\"answer_four_points\":\"0\",\"answer_five\":\"\",\"answer_five_points\":\"0\",\"answer_six\":\"\",\"answer_six_points\":\"0\",\"correct_answer\":\"0\",\"question_answer_info\":\"\",\"comments\":\"1\",\"hints\":\"\",\"question_order\":\"1\",\"question_type\":\"0\",\"question_type_new\":\"0\",\"question_settings\":\"a:21:{s:8:\\\"required\\\";i:0;s:12:\\\"answerEditor\\\";s:4:\\\"text\\\";s:14:\\\"question_title\\\";s:10:\\\"Question 9\\\";s:14:\\\"featureImageID\\\";s:0:\\\"\\\";s:15:\\\"featureImageSrc\\\";s:0:\\\"\\\";s:11:\\\"matchAnswer\\\";s:6:\\\"random\\\";s:11:\\\"isPublished\\\";s:1:\\\"1\\\";s:16:\\\"inline-drop-down\\\";i:1;s:14:\\\"drop-down-type\\\";s:6:\\\"single\\\";s:13:\\\"advance-polar\\\";s:0:\\\"\\\";s:12:\\\"answer_limit\\\";s:0:\\\"\\\";s:16:\\\"placeholder_text\\\";s:0:\\\"\\\";s:14:\\\"case_sensitive\\\";s:0:\\\"\\\";s:16:\\\"image_size-width\\\";s:0:\\\"\\\";s:17:\\\"image_size-height\\\";s:0:\\\"\\\";s:8:\\\"autofill\\\";s:0:\\\"\\\";s:10:\\\"limit_text\\\";s:1:\\\"0\\\";s:23:\\\"limit_multiple_response\\\";s:1:\\\"0\\\";s:17:\\\"file_upload_limit\\\";s:1:\\\"4\\\";s:16:\\\"file_upload_type\\\";s:21:\\\"image,application\\\/pdf\\\";s:15:\\\"min_text_length\\\";s:0:\\\"\\\";}\",\"category\":\"\",\"linked_question\":\"\",\"deleted\":\"0\",\"deleted_question_bank\":\"0\",\"answers\":[[\"TRUE\",0,1],[\"FALSE\",0,0]]},\"234\":{\"question_id\":\"234\",\"quiz_id\":\"12\",\"question_name\":\"The Asian Financial Crisis began in Thailand.\",\"answer_array\":\"a:2:{i:0;a:3:{i:0;s:4:\\\"TRUE\\\";i:1;d:0;i:2;i:1;}i:1;a:3:{i:0;s:5:\\\"FALSE\\\";i:1;d:0;i:2;i:0;}}\",\"answer_one\":\"\",\"answer_one_points\":\"0\",\"answer_two\":\"\",\"answer_two_points\":\"0\",\"answer_three\":\"\",\"answer_three_points\":\"0\",\"answer_four\":\"\",\"answer_four_points\":\"0\",\"answer_five\":\"\",\"answer_five_points\":\"0\",\"answer_six\":\"\",\"answer_six_points\":\"0\",\"correct_answer\":\"0\",\"question_answer_info\":\"\",\"comments\":\"1\",\"hints\":\"\",\"question_order\":\"1\",\"question_type\":\"0\",\"question_type_new\":\"0\",\"question_settings\":\"a:21:{s:8:\\\"required\\\";i:0;s:12:\\\"answerEditor\\\";s:4:\\\"text\\\";s:14:\\\"question_title\\\";s:11:\\\"Question 10\\\";s:14:\\\"featureImageID\\\";s:0:\\\"\\\";s:15:\\\"featureImageSrc\\\";s:0:\\\"\\\";s:11:\\\"matchAnswer\\\";s:6:\\\"random\\\";s:11:\\\"isPublished\\\";s:1:\\\"1\\\";s:16:\\\"inline-drop-down\\\";i:1;s:14:\\\"drop-down-type\\\";s:6:\\\"single\\\";s:13:\\\"advance-polar\\\";s:0:\\\"\\\";s:12:\\\"answer_limit\\\";s:0:\\\"\\\";s:16:\\\"placeholder_text\\\";s:0:\\\"\\\";s:14:\\\"case_sensitive\\\";s:0:\\\"\\\";s:16:\\\"image_size-width\\\";s:0:\\\"\\\";s:17:\\\"image_size-height\\\";s:0:\\\"\\\";s:8:\\\"autofill\\\";s:0:\\\"\\\";s:10:\\\"limit_text\\\";s:1:\\\"0\\\";s:23:\\\"limit_multiple_response\\\";s:1:\\\"0\\\";s:17:\\\"file_upload_limit\\\";s:1:\\\"4\\\";s:16:\\\"file_upload_type\\\";s:21:\\\"image,application\\\/pdf\\\";s:15:\\\"min_text_length\\\";s:0:\\\"\\\";}\",\"category\":\"\",\"linked_question\":\"\",\"deleted\":\"0\",\"deleted_question_bank\":\"0\",\"answers\":[[\"TRUE\",0,1],[\"FALSE\",0,0]]}},\"first_page\":false,\"questions_settings\":[]}\n                    <\/script>\t\t<div class='qsm-quiz-container qsm-quiz-container-12 qmn_quiz_container mlw_qmn_quiz qsm_auto_pagination_enabled quiz_theme_default  '>\n\t\t\t\t\t\t\t\t<form name=\"quizForm12\" id=\"quizForm12\" action=\"\/globalpoliticaleconomy\/wp-json\/wp\/v2\/pages\/191\/\" method=\"POST\" class=\"qsm-quiz-form qmn_quiz_form mlw_quiz_form\" novalidate enctype=\"multipart\/form-data\">\n\t\t\t\t<input type=\"hidden\" name=\"qsm_hidden_questions\" id=\"qsm_hidden_questions\" value=\"\">\n\t\t\t\t<input type=\"hidden\" name=\"qsm_nonce\" id=\"qsm_nonce_12\" value=\"7074fd5b4b\">\n\t\t\t\t<input type=\"hidden\" name=\"qsm_unique_key\" id=\"qsm_unique_key_12\" value=\"69eb119309d52\">\n\t\t\t\t<div id=\"mlw_error_message\" class=\"qsm-error-message qmn_error_message_section\"><\/div>\n\t\t\t\t<span id=\"mlw_top_of_quiz\"><\/span>\n\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-1\" data-apid=\"1\" data-qpid=\"1\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-0  question-section-id-37 slide0 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 1 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm_remove_bold' >\n\t\t<p>The U.S. Glass-Steagall Act:<\/p>\n\t<\/div>\n\t\t<fieldset>\n\t\t<legend><\/legend>\n\t<div class='qmn_radio_answers mlwRequiredRadio'>\n\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question37-1 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question37\" id=\"question37_1\" value=\"0\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question37_1\">\n\t\t\t\t\tSeparated banking from investment activities\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question37-2 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question37\" id=\"question37_2\" value=\"1\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question37_2\">\n\t\t\t\t\tControlled interest rates for banks\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question37-3 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question37\" id=\"question37_3\" value=\"2\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question37_3\">\n\t\t\t\t\tEliminated offshore trading\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question37-4 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question37\" id=\"question37_4\" value=\"3\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question37_4\">\n\t\t\t\t\tCreated flexible deposit systems in banks\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t \t\t\t<label style=\"display: none !important;\" for=\"question37_none\">None<\/label>\n\t\t\t<input type=\"radio\" style=\"display: none;\" name=\"question37\" id=\"question37_none\" checked=\"checked\" value=\"\" \/>\n\t\t\t\t<\/div>\n\t<\/fieldset>\n\t<input type=\"hidden\" name=\"answer_limit_keys_37\" value=\"\" \/>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-2\" data-apid=\"2\" data-qpid=\"2\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-0  question-section-id-38 slide1 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 2 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm_remove_bold' >\n\t\t<p>Structural adjustment loans:<\/p>\n\t<\/div>\n\t\t<fieldset>\n\t\t<legend><\/legend>\n\t<div class='qmn_radio_answers mlwRequiredRadio'>\n\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question38-1 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question38\" id=\"question38_1\" value=\"0\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question38_1\">\n\t\t\t\t\tSeek to change the fundamental nature of the borrowing economy\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question38-2 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question38\" id=\"question38_2\" value=\"1\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question38_2\">\n\t\t\t\t\tWork to reduce lenders&#8217; exposure\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question38-3 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question38\" id=\"question38_3\" value=\"2\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question38_3\">\n\t\t\t\t\tPush for fiscal responsibility\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question38-4 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question38\" id=\"question38_4\" value=\"3\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question38_4\">\n\t\t\t\t\tPromote government regulation\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t \t\t\t<label style=\"display: none !important;\" for=\"question38_none\">None<\/label>\n\t\t\t<input type=\"radio\" style=\"display: none;\" name=\"question38\" id=\"question38_none\" checked=\"checked\" value=\"\" \/>\n\t\t\t\t<\/div>\n\t<\/fieldset>\n\t<input type=\"hidden\" name=\"answer_limit_keys_38\" value=\"\" \/>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-3\" data-apid=\"3\" data-qpid=\"3\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-0  question-section-id-39 slide2 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 3 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm_remove_bold' >\n\t\t<p>Financial contagion occurs when:<\/p>\n\t<\/div>\n\t\t<fieldset>\n\t\t<legend><\/legend>\n\t<div class='qmn_radio_answers mlwRequiredRadio'>\n\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question39-1 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question39\" id=\"question39_1\" value=\"0\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question39_1\">\n\t\t\t\t\ta country loses its export competitiveness\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question39-2 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question39\" id=\"question39_2\" value=\"1\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question39_2\">\n\t\t\t\t\tkey banks in a countrygo bankrupt\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question39-3 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question39\" id=\"question39_3\" value=\"2\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question39_3\">\n\t\t\t\t\treal estate markets implode\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question39-4 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question39\" id=\"question39_4\" value=\"3\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question39_4\">\n\t\t\t\t\tthe run on a currency in one country spills over into another&#8217;s\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t \t\t\t<label style=\"display: none !important;\" for=\"question39_none\">None<\/label>\n\t\t\t<input type=\"radio\" style=\"display: none;\" name=\"question39\" id=\"question39_none\" checked=\"checked\" value=\"\" \/>\n\t\t\t\t<\/div>\n\t<\/fieldset>\n\t<input type=\"hidden\" name=\"answer_limit_keys_39\" value=\"\" \/>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-4\" data-apid=\"4\" data-qpid=\"4\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-14  question-section-id-228 slide3 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 4 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm-align-fill-in-blanks qsm_remove_bold' >\n\t\t<p>Debt <input type='text' class='qmn_fill_blank mlwRequiredText' name='question228[]' \/> agreements seek to defer payments.<\/p>\n\t<\/div>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-5\" data-apid=\"5\" data-qpid=\"5\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-14  question-section-id-229 slide4 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 5 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm-align-fill-in-blanks qsm_remove_bold' >\n\t\t<p>The <input type='text' class='qmn_fill_blank mlwRequiredText' name='question229[]' \/> ratio compares a country&#8217;s debt payments to its exports.<\/p>\n\t<\/div>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-6\" data-apid=\"6\" data-qpid=\"6\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-14  question-section-id-230 slide5 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 6 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm-align-fill-in-blanks qsm_remove_bold' >\n\t\t<p>Those who promote austerity are most concerned about <input type='text' class='qmn_fill_blank mlwRequiredText' name='question230[]' \/> <input type='text' class='qmn_fill_blank mlwRequiredText' name='question230[]' \/>.<\/p>\n\t<\/div>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-7\" data-apid=\"7\" data-qpid=\"7\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-14  question-section-id-231 slide6 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 7 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm-align-fill-in-blanks qsm_remove_bold' >\n\t\t<p>&#8216;<input type='text' class='qmn_fill_blank mlwRequiredText' name='question231[]' \/> <input type='text' class='qmn_fill_blank mlwRequiredText' name='question231[]' \/> <input type='text' class='qmn_fill_blank mlwRequiredText' name='question231[]' \/> <input type='text' class='qmn_fill_blank mlwRequiredText' name='question231[]' \/>&#8216; refers to the situation where the size of a few banks means if one fails, it will create cascading effects through the economy.<\/p>\n\t<\/div>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-8\" data-apid=\"8\" data-qpid=\"8\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-0  question-section-id-232 slide7 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 8 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm_remove_bold' >\n\t\t<p>Liberals place most of the blame for the 1980s debt crisis on lenders.<\/p>\n\t<\/div>\n\t\t<fieldset>\n\t\t<legend><\/legend>\n\t<div class='qmn_radio_answers mlwRequiredRadio'>\n\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question232-1 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question232\" id=\"question232_1\" value=\"0\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question232_1\">\n\t\t\t\t\tTRUE\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question232-2 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question232\" id=\"question232_2\" value=\"1\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question232_2\">\n\t\t\t\t\tFALSE\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t \t\t\t<label style=\"display: none !important;\" for=\"question232_none\">None<\/label>\n\t\t\t<input type=\"radio\" style=\"display: none;\" name=\"question232\" id=\"question232_none\" checked=\"checked\" value=\"\" \/>\n\t\t\t\t<\/div>\n\t<\/fieldset>\n\t<input type=\"hidden\" name=\"answer_limit_keys_232\" value=\"\" \/>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-9\" data-apid=\"9\" data-qpid=\"9\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-0  question-section-id-233 slide8 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 9 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm_remove_bold' >\n\t\t<p>During the Great Moderation, there was a relaxation of concerns about the business cycle.<\/p>\n\t<\/div>\n\t\t<fieldset>\n\t\t<legend><\/legend>\n\t<div class='qmn_radio_answers mlwRequiredRadio'>\n\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question233-1 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question233\" id=\"question233_1\" value=\"0\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question233_1\">\n\t\t\t\t\tTRUE\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question233-2 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question233\" id=\"question233_2\" value=\"1\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question233_2\">\n\t\t\t\t\tFALSE\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t \t\t\t<label style=\"display: none !important;\" for=\"question233_none\">None<\/label>\n\t\t\t<input type=\"radio\" style=\"display: none;\" name=\"question233\" id=\"question233_none\" checked=\"checked\" value=\"\" \/>\n\t\t\t\t<\/div>\n\t<\/fieldset>\n\t<input type=\"hidden\" name=\"answer_limit_keys_233\" value=\"\" \/>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t\t\t\t<div class=\"qsm-auto-page-row qsm-question-page qsm-apc-10\" data-apid=\"10\" data-qpid=\"10\" style=\"display: none;\">\n\t\t\t\t\t\t\t\t<div class=\"quiz_section qsm-question-wrapper question-type-0  question-section-id-234 slide9 \">\n\t\t\t\t\t\t<div class='mlw_qmn_new_question'>Question 10 <\/div>\n\t\t\t<div class='mlw_qmn_question  qsm_remove_bold' >\n\t\t<p>The Asian Financial Crisis began in Thailand.<\/p>\n\t<\/div>\n\t\t<fieldset>\n\t\t<legend><\/legend>\n\t<div class='qmn_radio_answers mlwRequiredRadio'>\n\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question234-1 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question234\" id=\"question234_1\" value=\"0\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question234_1\">\n\t\t\t\t\tTRUE\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"qmn_mc_answer_wrap  mrq_checkbox_class\" id=\"question234-2 \">\n\t\t\t\t\t\t\t\t\t\t\t<input type='radio' class='qmn_quiz_radio qmn-multiple-choice-input ' name=\"question234\" id=\"question234_2\" value=\"1\" \/>\n\t\t\t\t\t<label class=\"qsm-input-label\" for=\"question234_2\">\n\t\t\t\t\tFALSE\t\t\t\t\t<\/label>\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t\t \t\t\t<label style=\"display: none !important;\" for=\"question234_none\">None<\/label>\n\t\t\t<input type=\"radio\" style=\"display: none;\" name=\"question234\" id=\"question234_none\" checked=\"checked\" value=\"\" \/>\n\t\t\t\t<\/div>\n\t<\/fieldset>\n\t<input type=\"hidden\" name=\"answer_limit_keys_234\" value=\"\" \/>\n\t\t\t\t<\/div><!-- .quiz_section -->\n\t\t\t\t\t\t\t\t<\/div><!-- .qsm-auto-page-row -->\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"qmn_question_list\" value=\"37Q38Q39Q228Q229Q230Q231Q232Q233Q234Q\" \/>\n\t\t\t\t\t<div class=\"qsm-auto-page-row quiz_section quiz_end empty_quiz_end qsm-d-none\" >\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div id=\"mlw_error_message_bottom\" class=\"qsm-error-message qmn_error_message_section\"><\/div>\n\t\t\t\t\t<input type=\"hidden\" name=\"qmn_all_questions_count\" id=\"qmn_all_questions_count\" value=\"10\" \/>\n\t\t\t\t\t<input type=\"hidden\" name=\"total_questions\" id=\"total_questions\" value=\"10\" \/>\n\t\t\t\t\t<input type=\"hidden\" name=\"timer\" id=\"timer\" value=\"0\" \/>\n\t\t\t\t\t<input type=\"hidden\" name=\"timer_ms\" id=\"timer_ms\" value=\"0\"\/>\n\t\t\t\t\t<input type=\"hidden\" class=\"qmn_quiz_id\" name=\"qmn_quiz_id\" id=\"qmn_quiz_id\" value=\"12\" \/>\n\t\t\t\t\t<input type='hidden' name='complete_quiz' value='confirmation' \/>\n\t\t\t\t\t\t\t\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t<div style=\"display: none;\" class=\"qsm-popup qsm-popup-slide\" id=\"modal-4\" aria-hidden=\"false\"><div class=\"qsm-popup__overlay\" tabindex=\"-1\" data-micromodal-close=\"\"><div class=\"qsm-popup__container qmn_quiz_container\" role=\"dialog\" aria-modal=\"true\"><div class=\"qsm-popup__content\"><img decoding=\"async\" src=\"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-content\/plugins\/quiz-master-next\/assets\/clock.png\" alt=\"clock.png\"\/><p class=\"qsm-time-up-text\"> Time&#8217;s up<\/p><\/div><footer class=\"qsm-popup__footer\"><button class=\"qsm-popup-secondary-button qmn_btn\" data-micromodal-close=\"\" aria-label=\"Close this dialog window\" onclick=\"location.reload();\">Cancel<\/button><\/footer><\/div><\/div><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color has-lora-font-family has-medium-font-size wp-elements-d1c9730d758fa5921098616072b94bdb\" style=\"color:#0f476a\">Watch, Listen, Read, and Explore&nbsp;<\/h3>\n\n\n\n<p>This content includes videos, podcasts, articles, readings, and other resources to help you understand and explore the content covered in the chapter. Most readings are freely available, although anything marked with an asterisk may require institutional log-in (e.g., through your university). Freely available data sources are also included to explore and further research.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color has-lora-font-family has-medium-font-size wp-elements-9c254969fb4c5d4db7727fd8d139945d\" style=\"color:#0f476a\">Videos&nbsp;<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>See <a href=\"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/lecture-videos\/\" title=\"Lecture Videos\">Lecture Video<\/a><\/li>\n\n\n\n<li>Kenneth Rogoff, video lecture on debt issues: <a href=\"https:\/\/www.youtube.com\/watch?v=LZdve-uKInk\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.youtube.com\/watch?v=LZdve-uKInk<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Money, Power and Wall Street, video documentary series on the aftermath of the 2008 financial crisis: <a href=\"https:\/\/www.pbs.org\/wgbh\/frontline\/documentary\/money-power-wall-street\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.pbs.org\/wgbh\/frontline\/documentary\/money-power-wall-street\/<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Barry Eichengreen, lessons from the global financial crisis: <a href=\"https:\/\/www.youtube.com\/watch?v=xrwO3rR_IjY\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.youtube.com\/watch?v=xrwO3rR_IjY<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Asian Financial Crisis, DW documentary: <a href=\"https:\/\/www.youtube.com\/watch?v=O2pD_y61jx4\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.youtube.com\/watch?v=O2pD_y61jx4<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>The Pandora Papers, offshore finance, ABC News: <a href=\"https:\/\/www.youtube.com\/watch?v=4kPLpZN3I3A\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.youtube.com\/watch?v=4kPLpZN3I3A<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Barrow vs. Galbraith austerity vs. stimulus debate: <a href=\"https:\/\/www.youtube.com\/watch?v=e1unqbGVBRY\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.youtube.com\/watch?v=e1unqbGVBRY<\/a>&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color has-lora-font-family has-medium-font-size wp-elements-da0039f785856ee8ce7fc4d195b24e49\" style=\"color:#0f476a\">Podcasts&nbsp;<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>LSE, \u201c10 Years after the Global Financial Crisis podcast\u201d: <a href=\"https:\/\/www.lse.ac.uk\/ideas\/podcasts\/ten-years-since-crisis\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.lse.ac.uk\/ideas\/podcasts\/ten-years-since-crisis<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>U. of Oxford podcast, Global Economic Governance: Globalisation and the Financial Crisis: <a href=\"https:\/\/podcasts.ox.ac.uk\/series\/global-economic-governance-globalisation-and-financial-crisis\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/podcasts.ox.ac.uk\/series\/global-economic-governance-globalisation-and-financial-crisis<\/a>&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color has-lora-font-family has-medium-font-size wp-elements-0c542f176e20013b73cd56b2a9bdc6ea\" style=\"color:#0f476a\">Readings&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The Economist<\/em>, History of Financial Crises, link dead <a href=\"https:\/\/www.economist.com\/news\/essays\/21600451-finance-not-merely-prone-crises-it-shaped-them-five-historical-crises-show-how-aspects-today-s-fina\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.economist.com\/news\/essays\/21600451-finance-not-merely-prone-crises-it-shaped-them-five-historical-crises-show-how-aspects-today-s-fina<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Lessons from banking crisis of the past, Economics observatory: <a href=\"https:\/\/www.economicsobservatory.com\/what-can-we-learn-from-banking-crises-of-the-past\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.economicsobservatory.com\/what-can-we-learn-from-banking-crises-of-the-past<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Council on Foreign Relations, Timeline of the 2008 financial crisis: <a href=\"https:\/\/www.cfr.org\/timeline\/us-financial-crisis\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.cfr.org\/timeline\/us-financial-crisis<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Global Debt Crisis and International Aid, (Rafael Romeu, CSIS, 2023): <a href=\"https:\/\/www.csis.org\/analysis\/emerging-global-debt-crisis-and-role-international-aid\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.csis.org\/analysis\/emerging-global-debt-crisis-and-role-international-aid<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>&#8220;China\u2019s Next Financial Crisis: A Matter of \u2018When\u2019 Not \u2018If\u2019&#8221; (Philippe Aguignier Institut Montaigne): <a href=\"https:\/\/www.institutmontaigne.org\/en\/expressions\/chinas-next-financial-crisis-matter-when-not-if\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.institutmontaigne.org\/en\/expressions\/chinas-next-financial-crisis-matter-when-not-if<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Levy Institute, Austerity vs. Stimulus summary: <a href=\"https:\/\/www.levyinstitute.org\/pubs\/op_35.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.levyinstitute.org\/pubs\/op_35.pdf<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Financial Stability Board, Evaluation of Too-Big-To-Fail Reforms (2021): <a href=\"https:\/\/www.fsb.org\/wp-content\/uploads\/P010421-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.fsb.org\/wp-content\/uploads\/P010421-1.pdf<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>European Parliament, discussion of Tobin Tax (1999): <a href=\"https:\/\/www.europarl.europa.eu\/workingpapers\/econ\/107_en.htm\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.europarl.europa.eu\/workingpapers\/econ\/107_en.htm<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Breaking the circle of the Eurozone debt crisis (Paul de Grauwe, London School of Economics and Political Science): <a href=\"https:\/\/www.lse.ac.uk\/Research\/research-impact-case-studies\/breaking-the-vicious-circle-of-the-eurozone-debt-crisis\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.lse.ac.uk\/Research\/research-impact-case-studies\/breaking-the-vicious-circle-of-the-eurozone-debt-crisis<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>The end of magical debt thinking (Rogoff, Project Syndicate, 2024): <a href=\"https:\/\/www.project-syndicate.org\/commentary\/developed-countries-public-borrowing-spree-bill-comes-due-by-kenneth-rogoff-2024-04\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.project-syndicate.org\/commentary\/developed-countries-public-borrowing-spree-bill-comes-due-by-kenneth-rogoff-2024-04<\/a>&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color has-lora-font-family has-medium-font-size wp-elements-21c53de307eb79d47e0f413dc5bd45c9\" style=\"color:#0f476a\">Selected Sources of Free Data&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IMF, global debt database: <a href=\"https:\/\/www.imf.org\/external\/datamapper\/datasets\/GDD\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.imf.org\/external\/datamapper\/datasets\/GDD<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>World Bank, debt statistics: <a href=\"https:\/\/www.worldbank.org\/en\/programs\/debt-statistics\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.worldbank.org\/en\/programs\/debt-statistics<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>Institute of International Finance, Global Debt Monitor: <a href=\"https:\/\/www.iif.com\/Products\/Global-Debt-Monitor\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.iif.com\/Products\/Global-Debt-Monitor<\/a>&nbsp;&nbsp;<\/li>\n\n\n\n<li>UNCTAD, World of Debt report: <a href=\"https:\/\/unctad.org\/publication\/world-of-debt\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/unctad.org\/publication\/world-of-debt<\/a>&nbsp;&nbsp;<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Financial Crises&nbsp; Quizzes&nbsp; Test your knowledge with the Chapter 7 quiz!&nbsp; Watch, Listen, Read, and Explore&nbsp; This content includes videos, podcasts, articles, readings, and other resources to help you understand and explore the content covered in the chapter. Most readings are freely available, although anything marked with an asterisk may require institutional log-in (e.g., through&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-191","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-json\/wp\/v2\/pages\/191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-json\/wp\/v2\/comments?post=191"}],"version-history":[{"count":6,"href":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-json\/wp\/v2\/pages\/191\/revisions"}],"predecessor-version":[{"id":478,"href":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-json\/wp\/v2\/pages\/191\/revisions\/478"}],"wp:attachment":[{"href":"https:\/\/routledgelearning.com\/globalpoliticaleconomy\/wp-json\/wp\/v2\/media?parent=191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}