The financial crisis of 2007-2008 illustrated how important the integration of international financial markets could be in contributing to the spread of financial problems from one country to another. What solution is cited to curb the spread of financial problems from one country to another?

Question

Quizplus · Accepted Answer

Better regulation of financial institutions to ensure that they take prudent risks is the best way to curb the spread of financial problems across countries. This can be achieved through international cooperation and agreement on common standards and regulations.

The Financial Crisis of 2007-2008 Illustrated How Important the Integration