The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 9

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter9FinancialCrises9.1WhatisaFinancialCrisis?1)AmajordisruptioninfinancialmarketscharacterizedbysharpdeclinesinassetpricesandfirmfailuresiscalledaA)financialcrisis.B)fiscalimbalance.C)free-riderproblem.D)"lemons"problem.An

2、swer:AQuesStatus:PreviousEdition2)AfinancialcrisisoccurswhenanincreaseinasymmetricinformationfromadisruptioninthefinancialsystemA)causessevereadverseselectionandmoralhazardproblemsthatmakefinancialmarketsincapableofchannelingfundsefficiently.B)allowsforamoreefficientuseoffunds.

3、C)increaseseconomicactivity.D)reducesuncertaintyintheeconomyandincreasesmarketefficiency.Answer:AQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills3)AseriousconsequenceofafinancialcrisisisA)acontractionineconomicactivity.B)anincreaseinassetprices.C)financialengineering.D)

4、financialglobalization.Answer:AQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills11Copyright©2013PearsonEducation,Inc.9.2DynamicsofFinancialCrisesinAdvancedEconomies1)FinancialcrisesinadvancedeconomiesmightstartfromaA)debtdeflation.B)currencycrisis.C)mismanagementoffinanc

5、ialinnovations.D)currencymismatch.Answer:CQuesStatus:NewAACSB:Reflectivethinkingskills2)WhenfinancialinstitutionsgoonalendingspreeandexpandtheirlendingatarapidpacetheyareparticipatinginaA)creditboom.B)creditbust.C)deleveraging.D)marketrace.Answer:AQuesStatus:PreviousEdition3)Wh

6、enthevalueofloansbeginstodrop,thenetworthoffinancialinstitutionsfallscausingthemtocutbackonlendinginaprocesscalledA)deleveraging.B)releveraging.C)capitulation.D)deflation.Answer:AQuesStatus:PreviousEdition4)Whenfinancialintermediariesdeleverage,firmscannotfundinvestmentopportun

7、itiesresultinginA)acontractionofeconomicactivity.B)aneconomicboom.C)anincreasedopportunityforgrowth.D)acallforgovernmentregulation.Answer:AQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills5)Acreditboomcanleadtoa(n)________suchaswesawinthetechstockmarketinthelate1990s.A)a

8、sset-pricebubbleB)liabilitywarC)declineinlendingD)decr