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Identify the similarities with regard to the causes of the 1997 Asian Financial Crisis and the 2007-2008 US Subprime Crisis. (For instance: Why do financial

Identify the similarities with regard to the causes of the 1997 Asian Financial Crisis and the

2007-2008 US Subprime Crisis.

(For instance: Why do financial crises occur? Is it caused by Adverse Selection, moral hazard, agency problems in mortgage markets, rating agencies etc.) Maximum 1,000 words

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