In the light of these two references (attached) and your chosen references of relevant articles, critically evaluate the reasons for the recent global financial crisis.

From READING the following articles:
Gramlich, D. and Mikhail V. Oet, M. V. (2011) The structural fragility of financial systems: Analysis and modeling implications for early warning systems Journal of Risk Finance, The Volume: 12 Issue: 4
Niinimäki, J.-P. (2009) Does collateral fuel moral hazard in banking? Journal of Banking & Finance, Volume 33, Issue 3, March 2009, Pages 514-521

In addition to your references (Journals, articles)

In the light of these two references (attached) and your chosen references of relevant articles, critically evaluate the reasons for the recent global financial crisis.

The answer should be in the form of an essay and the length (not inclusive of appendices) should be between 1800 and 2000 words. The number of words should be clearly indicated in the title page of the essay. The Harvard referencing system should be used, incorporating within-text references as well as a list of references furnished at the end in the form of an appendix to the essay. Your references should include only those sources that you have read yourself; avoid secondary citations of sources extracted from other sources.