What are the causes of the global financial crisis of 2008-2009?

1.What are the causes of the global financial crisis of 2008-2009? Using literature, explain how financial regulation can contribute to the stability of financial markets and institutions? Discuss the role of Basel III regulation in making banks safer. (1000 words – 30 marks) 2.What factors determine short-term and long-term interest rates? What is the role of interest rates in an economy? Support your arguments with relevant literature. (1000 words – 30 marks) 3.Discuss the functioning of a central bank in the context of international financial markets and institutions. Explain, using a central bank of your choice, how the bank supports and promotes price stability and economic growth in the economy? (1000 words – 30 marks) extra notes from the professor on each questions: question 1: -describe why the crisis happened. with support of literature.explain how finance regulation would have changed the financial markets. also discus the role of basel 3 on the market, and how it will make it better. also, add a small table comparing basel 1,2,3 especially regarding the capital requirement, and why basel 3 is better for the market. question 2: -discus what determine interest rate factor, such as inflation and employment. also how, it determine the economy whether, it was positive or negative, and support with literature. question 3: -what is the role of central bank.