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The goal is to understand how these crises develop and what role financial markets and institutions played in these crises – both positive and negative. Follow this outline please: -Background: factors that led to the issue being discussed -Relevant macroeconomic data -Underlying cause of the problem -The role of various financial institutions in worsening (or improving) the crisis -Do you think the crisis could have been avoided? -For the present crises: how do you see them developing in the future? Since all of these crises are recent, you will easily be able to find much of the needed information. Please include data, charts and graphs as appropriate, and ensure that you source and reference all of the material accordingly.