Financial Intermediation And The 2007-2009 Financial Crisis

Read No more than 5 academic papers (peer-reviewed papers, working papers, policy papers)
Write at least 5 pages (font size 12, 1.5 spacing), reference, graphs, and tables should come after 5 pages.
The paper should be properly cited.
1. google scholar, academic search premier, and econlit
2. a. How was the financial intermediation before? How the relaxation of regulation or deregulation led to the financial intermediation during the financial crisis? (Chapter 11)
- regulation changes that led to the change in financial intermediation (repetition of Glass-Stegall Act)
- Emergence new financial intermdediaries
- How it created risky system
b. What caused the crisis? How the crisis unfolded.
- What led to the mortgage market crisis resulting in a financial crisis
c. Once the crisis sets in, how it affected each channel of the financial system.
- How the crisis affected all kinds of financial intermediaries
d. the extent of the crisis and its effect on the economy
(2.5 pages on the part a and b, 2.5 pages on the part c and d )