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What is Global Recession about?

The document discusses the causes and impacts of the global recession on the Indian economy and agriculture. It identifies five main causes of the economic crisis: (1) sub-prime mortgages in the US housing market, (2) securitization and repackaging of risky loans, (3) excessive leverage taken on by financial institutions, (4) a mismatch between financial innovation and regulation, and (5) fair value accounting rules that required marking assets to current market prices. The crisis spread from the US to impa

Author

Animesh

Language

EN