ARTICLE RESPONSE

Article Response

Article Response

Question 1

I agree that numerous anecdotes have been made to interpret the determinants of this large economic disaster. There are several aggregated components that have produced in the outbreak of this economic urgent position of tremendous proportions. Collapse of the US lodgings market, highly leveraged economic transactions and a reduced interest rate boosting borrowings, amidst other ones, have all assisted to the worsening in the international economic market. Let us now gaze at these diverse determinants in larger detail.

The interest rate became as reduced as 1.5 per hundred in June 2003 which was at its smallest grade since ...