QUESTION B1 Choose ANY FOUR developments in the global financial markets since 1990s' from the below. Critically evaluate the advantages and disadvantages of EACH SELECTED for the economy. (30 marks) (1) Globalisation of the world of finance (2) Increase in the volume of funds & size of financial services market (3) Growing institutionalisation of markets (4) Use of new instruments and technology (5) Pressure on banks as corporate lending has fallen due to development of new forms of corporate finance (6) Structural deregulation of the financial sector (7) Impact of the "credit crunch" (8) Impact of the "Brexit" (9) Impact of the US-China trade war (10) Impact of COVID-19