Crisis estados unidos

1-Which are the differences between financial crisis and economic crisis?
Economic refers to costs and benefits, use of resources, production and distribution of welfare.

What financial concernsonly money movements, inputs and outputs ,movements of credit, cost of money and transactions.

Therefore, an economic crisis, low production, low unemployment and increasing demand, for example,while manufacturing companies closed. Another difficulty might be in a deficit of some basic resources such as oil. Instead of a financial crisis, reduce the loans they provide closed banks and financialintermediaries, stock exchange operators and some banks.
2-Give some features about subprime mortgage loans.
Is a loan given usually to buyers with low credit scores, low incomes or limited credithistories. It is like these buyer have a lower credit and do not qualify for a loan from a financial institution dedicated to the general market.

The subprime loans or subprime, accounted for afraction of the total mortgage market
3-Why relatively small shock ( in the subprime market in the United States) had a systemic effect on the world economy.

Because this sector affected other domesticsectors in the United States and consequently this step to affect the world , as we know USA is a big influence in all respects, it was reflected in several damage around the world markets givingas results a global crisis

4-According to the passage, past crises had generalized, deep and enduring effects across the region, and restricted access to external finance and the disruption ofinternational trade turned out to be their main channels transmission. So do you know any other crisis that has been happened around the world?
UE is having a big problem because one of their members“Greece” exceed the possible debt and is causing an unstoppable effect in all those economies.

Today Greek debt of more than 400 billion Euros, representing 115% of their GDP and fiscal deficit,...