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4. [26 marks] [Great Financial Crisis] Discuss the major factors behind the Great Financial Crisis. Give special emphasis to the transformation of banking from traditional

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4. [26 marks] [Great Financial Crisis] Discuss the major factors behind the Great Financial Crisis. Give special emphasis to the transformation of banking from traditional to securitized banking. Gary Gorton states that the 2007 GFC was triggered by a "Run on the Repo". Explain this in your

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