The 1992 Pound Sterling Crisis - Report Writing Economics Assignment Help

Assignment Task:

The theme of the course this year is economy in crisis. This assignment will ask you to do your own research on a past crisis, describing what caused it, what the economic consequences were in both the short-term and long-term, what the policy response was, and what we can learn from it that might help us in the present crisis. You must choose one of the following crises: 

1. The 1992 Pound Sterling Crisis

2. The 1994 Mexican Peso Crisis

3. The 1997 Asian Financial Crisis

4. The 1998 Long-Term Capital Management (LTCM) Crisis

5. The 2010 European Debt Crisis 

As part of your research, you must cite at least 5 sources. I don’t require a special format for the references, you can just provide me with website links, but they must all be in English. Every answer must be in your own words, you cannot simply copy and paste (note: I have been using search engines since they were invented, it is safe to say I am better at using Google than most of you are, if you copied something directly from a source on the internet, I will find it. Don’t be lazy.). It will be useful for you to start by reading through the Wikipedia entry for the crisis you choose, to get a sense of the timeline and what happened, but this cannot be your only source of information. 

1. What caused the crisis? (5 marks) 

2. What was the economy of the country (or hardest hit countries, in the case of a crisis that covers multiple countries) like before, during, and after the crisis? Use economic measures like GDP, inflation, and unemployment, and any other information you feel is relevant, to describe the state of the economy. (7 marks) 

3. Explain, to the best of your ability, the impact on the financial system. Explain whether problems in the financial system caused any problems in the rest of the economy. (5 marks) 

4. How did the crisis end? How long did it take to recover? (3 marks) 

5. What was the policy response to the crisis? Explain actions taken by the government(s), central bank(s), and any international organizations that were involved in trying to resolve the crisis. What were they trying to accomplish? Were these measures successful? Why or why not? Were there any unintended consequences? (10 marks) 

6. What can we learn from the crisis that might apply today?

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