5. The following is an explanation of the World Bank crisis. Which of these is close to the general facts? (5 points) Answer: (You can answer multiple times) Historically, the banking crisis in each country has shown a similar pattern. The main reason for the banking crisis in Scandinavia is the occurrence of a lending boom due to the liberation of finance in a relatively loose banking environment. The banking crisis in Russia and Eastern Europe occurred when regulations were eased while banks lacked loan screening and monitoring capabilities. Japan is a country with very strict financial regulations, and when the banking crisis occurred after the expansion of loans, the government mainly tried to resolve the banking crisis by using legal sanctions without support for banks. China needed a relatively small amount of government support to resolve the banking crisis because of its low bad loans due to rapid economic growth.