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Abstract

The Financial Crisis of 2007 has morphed into a global recession matching up to financial devastations caused by the Great Depression of 1930. Many theories and causes have been put forward to explain the crisis and theorise the prevention of such crises in future, with most agreeing that deregulation in the financial sector, especially the shadow banking sector, led to the financial crisis. However, most mainstream authors tend to overlook any link between GATS-led deregulation and the financial crisis. This article will investigate whether there was any causal link between the GATS led deregulation and the Financial Crisis of 2007.

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