write a briefing article looking at whether the reforms that have been set in place within the OECD countries (such as the USA, the UK, EU, Japan and Switzerland) since the global financial crisis of 2007-2008

In the spring of 2016 we have seen increasing concern about the health of the global financial system, in particular the possibility of a financial crisis in so-called emerging markets. You have been hired by The Economist to write a briefing article looking at whether the reforms that have been set in place within the OECD countries (such as the USA, the UK, EU, Japan and Switzerland) since the global financial crisis of 2007-2008 have been sufficient to ensure that the financial system in these countries is strong enough to withstand such a crisis.
This means that your article should start with a short discussion of the kinds of dangers to the financial system in the OECD countries which might arise as a result of problems in emerging markets. It should then go on to look at what has been done in the OECD countries to ensure that financial stability can be maintained in the face of such dangers, concentrating on the reforms that have been introduced since 2008. It should conclude with a reasoned judgement about whether the system is strong enough to deal with such dangers. Your report should concentrate on the stability of the financial system – you are not being asked to investigate macroeconomic issues such as a possible slowdown in growth or the chance of arecession. Your report should be a maximum of 2,000 words.

The most relevant reading for the assignment is that contained within weeks five and seven of the module guide, which deal with reform proposals following the financial crisis. The various web-sites listed in the recommended reading in the module guide are also useful and the Financial Times and The Economist carry a lot of discussion of these issues.

The assessment criteria for assignment one are as follows (all given equal weight)
? Understanding of the dangers posed for the global financial system by a possible crisis in emerging markets
? Understanding of the regulatory measures adopted as a result of the 2007-2008 financial crisis
? Ability to assess the strengths and weaknesses of these measures
? Ability to relate this understanding and assessment to the dangers of a new financial crisis
(in other words ability to judge whether the measures that have been taken are sufficient
to deal with such a crisis)
? Structure and coherence of the essay, including appropriate use of source material.