S an independent contractor, you have been hired by a senior civil servant to write a report for the Bank of England

As an independent contractor, you have been hired by a senior civil servant to write a report for the Bank of England who, according to a report on the BBC on 7th January 2015 (business-30699476) was unaware of the impending financial crisis in July 2007. You should assume that the Governors have never read any papers about financial crises. You are required to explain what is meant by a financial crisis and provide a review of the academic literature on the predictability of financial crises. You should discuss the key lessons from the crisis during the period 2007 to 2009 that have been learned (if any) in terms of regulation of banks and financial markets. Discuss why the i??central concerni?? of the BoE was liquidity.