Governments and Institutions Roles in Alleviating Financial Crisis Student’s Name Institution Affiliation Introduction A financial crisis that emerged from the U.S in the year 2008 affected the global economic performance with the worldwide economy still in pursuit of full recovery today. Various researchers have identified what leads to such a financial crisis and link the causes to institutions such as World Bank international monetary fund national governments central banks banks and firms. These institutions have a role to play in either curbing the occurrence of another global financial crisis or mitigating the current one. This article discusses the functions of the institution in restoring financial system stability. World Bank The World Bank is a key player in mitigating stability in the financial system in the global arena. The institution has an important function of overseeing and administering the state of both a country and global aspect (Bhargava n.d.). The A. The global financial crisis: impact on Saudi Arabia. Bis.org. Retrieved 20 March 2018 from https://www.bis.org/publ/bppdf/bispap54u.pdf Al-Jasser M. & Banafe A. Monetary policy instruments and procedures in Saudi Arabia. Bis.org. Retrieved 20 March 2018 from https://www.bis.org/publ/plcy05j.pdf Bhargava V. The role of the international financial institutions in addressing global issues. Siteresources.worldbank.org. Retrieved 20 March 2018 from Fratianni M. & Marchionne F. (2009). The role of banks in the subprime financial crisis. Kelley.iu.edu. Retrieved 21 March 2018 from https://kelley.iu.edu/riharbau/RePEc/iuk/wpaper/bepp2009-02-fratianni-marchionne.pdf Jurek M. (2014). Financialization economy society and sustainable development. Fessud.eu. Retrieved 21 March 2018 from http://fessud.eu/wp-content/uploads/2013/04/Role-and impact-of-different-types-of-financial-36.pdf Laeven L. & Valencia F. (2012). Resolution of Banking Crises: The Good the Bad and the Ugly. Imf.org. Retrieved 21 March 2018 from https://www.imf.org/external/np/seminars/eng/2012/fincrises/pdf/ch13.pdf Nanto D. (2009). The Global Financial Crisis: Analysis and Policy Implications. Fas.org. Retrieved 21 March 2018 from https://fas.org/sgp/crs/misc/RL34742.pdf Ostrup F. Oxelheim L. & Wihlborg C. (2009). Origins and resolution of financial crises; lessons from the current and northern european crises. Ifn.se. Retrieved 21 March 2018 from http://www.ifn.se/wfiles/wp/wp796.pdf [...]
After reading The Global Debt Crisis starting on page 248 of your textbook, discuss what the potential role of each of the following might be as the world emerges from the global financial crisis: firms, banks, central banks, national governments, the International Monetary Fund, and the World Bank. In addition, what is the role of national governments, the Kingdom of Saudi Arabia in particular, in stimulating national economic growth? Your well-written paper should meet the following requirements: 4-6 pages in length Support your analysis by referencing and citing at least three scholarly sources in addition to embedding course material concepts and principles. The SEU Virtual Library is an excellent place to search for scholarly articles. Use Saudi Electronic University academic writing standards and APA style guidelines, citing references as appropriate.