A Comprehensive overview
[Author Name]
Financial Crisis
Introduction It’s of imperative importance to understand the link between financial system and the economy. According to various economists, it is gauged that there are two primary function of finance. As mentioned in The Economist, it essentially performs as an economic time machine, serving savers to haulage their present surplus income into the future, and on the other hand offering borrowers access to future earnings now. Finance also serves as a safety net, protecting against catastrophic unforeseen events. Hence, by performing these two acts, an efficiently running financial system ensures against the bumps in life, providing ...
