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(a) Explain the financial instability hypothesis proposed by Minsky. (b) Explain the process of securitisation as carried out by banks and discuss its role in

(a) Explain the financial instability hypothesis proposed by Minsky. (b) Explain the process of securitisation as carried out by banks and discuss its role in the 2008 global financial crisis. (c) Explain, using examples, why financial crises have different causes in emerging economies compared to developed economies

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