Effective market discipline- “Market Discipline, public disclosure and financial stability”, by Sowerbutts, R. and Zimmerman, P. (2016) in: The Handbook of Post Crisis Financial Modelling. E. Haven et al. Eds. Palgrave MacMillan

FOR THIS ESSAY YOU WOULD NEED TO ANWSER TWO QUESTIONS Question 1: In your opinion, what were the main causes and economic consequences of the Global Financial Crisis of 2007 / 2008? Explain the measures taken by governments in order to respond to the crisis? Question 2: What are the four requisites for effective market discipline? Has a break-down in market discipline played a role in the triggering of the financial crisis? QUESTION GUIDELINES FOR QUESTION 1: For the first question (In your opinion, what were the main causes and economic consequences of the Global Financial Crisis of 2007 / 2008? Explain the measures taken by governments in order to respond to the crisis?) you are free to focus on a topic which relates to this particular crisis. The ‘Economy’ can be the UK or a country which with you are familiar. As an example you may be interested to focus on topics such as: real estate; bank collapse; LIBOR problems; country debt etc… You can determine yourself what period of time you are interested in studying (but it needs to start from 2007). FOR QUESTION 2: For the second question, please use the article: “Market Discipline, public disclosure and financial stability”, by Sowerbutts, R. and Zimmerman, P. (2016) in: The Handbook of Post Crisis Financial Modelling. E. Haven et al. Eds. Palgrave MacMillan. The book chapter will be available on blackboard. You can also see the library for the book (it is available in e-book and hardcopy). You must in your answer to the second question identify the four requisites for effective market discipline and from those four conditions you identified, then answer the second question (What are the four requisites for effective market discipline? Has a breakdown in market discipline played a role in the triggering of the financial crisis?). When referencing, please use the Harvard style. Citations are listed in alphabetical order by the author’s last name. If there are multiple sources by the same author, then citations are listed in order by the date of publication. Example of Reference List Using the Harvard Style: ________________________ Gitman, L. and Zutter, C. (2015). Principles of Managerial Finance. Pearson Education, 14th edition. Sowerbutts, R. and Zimmerman, P. (2016). Market Discipline, public disclosure and financial stability. In: The Handbook of Post Crisis Financial Modelling. E. Haven et al. Eds. Palgrave MacMillan. Essay Structure All essays must contain the following structure: Introduction, Main Body Section(s) and Conclusion. Do NOT answer the questions SEPARATELY! You should answer them in the main body sections of your essay! 2.1. INTRODUCTION The introduction should be the first section of your essay. It should tell the reader what is expected in your essay and what are the main questions (or problems, ideas, etc) that you pretend to discuss in your work. It is important to focus on the question that you are addressing and keep it brief. Direct the reader by stating which aspects of the topic you intend to cover and why. 2.2. MAIN BODY SECTION(S) 1 For more information about Harvard Reference Lists, please consult: https://libweb.anglia.ac.uk/referencing/harvard.htm The main body of your essay corresponds to a set of sections with a title of your choice which will offer the answers to the questions that you will be addressing in the essay. Keep in mind that the main body will support all your argumentation of your essay. It is in the underlying sections of the main body that you will answer your essay questions in a chain of paragraphs that build and present a case. Remember that each paragraph should contain one big idea and should: 1. Introduce the idea; 2. Define any concepts (if needed); 3. Offer an argument; 4. Offer and discuss evidence; 5. Make a final point. When writing the main body, keep in mind that there will be a reader that will be asking: 1. What is this paragraph about? 2. What is your argument in relation to the question? 3. What is your evidence? 4. What is your final point in relation to the question?