How do financial crisis differ across advanced economies and emerging economies? In your answer, a. provide a seperate discussion on how financial crisis occur in advanced and emerging economies by referring to at least one example for each part of your discussion b. explain in detail how information asymmetrics play a key role during crisis times. 1.2. Considering the differences in the origins of financial crisis in advanced and emerging economies, how do the banking risks differ across advanced and emerging economies? In your answer, discuss the banking risks separately and explain their role in financial crisis for both advanced and emerging economies. 4.3. In light of your discussion in parts (1.1) and (1.2) above, what are the lessons to be learnt for governments and for central banks from the financial crisis of 2007-2008 and how do they differ for advanced and emerging economies