Questionnaire For Research About

Questionnaire for Research About " Unravelling the 2008 Global Financial Crisis: Causes,
Effects, and Implications"
Name of the respondent:
Profession:
Age:
Gender:
Date:
Time:
Direction: In this part you are asked to write your answer in the table below. Write check (/), 3
serves as Strongly agree, while 2 serves as neutral, and also 1 serves as strongly disagree.
How did the financial crisis impact your personal life or community?"
Statements 3 2 1
The financial crisis had a significant impact on many people's personal lives and
communities. Many people lost their jobs or had their hours and wages reduced, leading
to financial struggles and difficulties making ends meet.
The crisis also had an impact on the housing market, as home prices fell and many people
lost their homes to foreclosure. This had a ripple effect on communities, as foreclosed
homes often become run-down and can lead to a decline in property values in the
surrounding area.
The financial crisis also had an impact on the availability of credit, as banks and other
financial institutions tightened their lending standards. This made it more difficult for
people to borrow money for things like cars, home improvements, and education.
The crisis also had an impact on people's retirement savings and investments, as the stock
market saw significant declines. Many people saw the value of their retirement accounts
and other investments fall, leading to concerns about their financial future
The financial crisis had a widespread impact on people's personal lives and communities,
leading to financial struggles and a sense of uncertainty about the future. It also
highlighted the importance of financial planning and preparedness for unexpected events.
Total:
Do you feel that the financial crisis could have been prevented?
Statements 3 2 1
It is possible that the financial crisis could have been prevented, or at least its severity
could have been mitigated, if certain actions had been taken.
One factor that contributed to the crisis was the use of risky mortgage loans, such as
subprime mortgages. If there had been stricter regulations on the types of loans that
could be issued, the crisis may have been prevented or lessened.
Financial institutions also played a role in the crisis by issuing these risky loans and
failing to properly assess the risk associated with them. If there had been better
oversight and regulation of the financial industry, the crisis may have been prevented.
The use of financial instruments such as mortgage-backed securities also contributed to
the spread of risk throughout the financial system. If there had been better regulation of
these instruments, the crisis may have been prevented or mitigated.

It is also possible that the crisis could have been prevented if there had been better
communication and coordination among financial institutions, regulators, and
government agencies. If these parties had shared information and worked together
more effectively, the crisis may have been prevented or its impact lessened.
Total:
What factors do you believe contributed to the financial crisis?
Statements 3 2 1
One major factor that contributed to the financial crisis was the use of risky mortgage
loans, such as subprime mortgages, which allowed people to borrow money to buy a
home even if they had poor credit or could not afford the loan.
Another factor was the failure of financial institutions to properly assess the risk
associated with these types of loans. Many institutions were eager to issue these loans
because they were highly profitable, but they did not properly consider the risk of
defaults and foreclosures.
The use of financial instruments such as mortgage-backed securities, which allowed
financial institutions to sell the risk of mortgage defaults to other investors, also played
a role in the crisis.
A lack of regulation and oversight of the financial industry also contributed to the crisis.
Financial institutions were able to engage in risky practices without proper oversight,
leading to the spread of risk throughout the financial system.
The global economic environment at the time may have also played a role in the crisis.
The rapid growth of emerging markets and low interest rates may have contributed to
the sense of optimism and risk-taking that preceded the crisis.
Total:
What measures were taken by governments or financial institutions to address the crisis?
Statements 3 2 1
One measure taken by governments around the world to address the financial crisis was the
implementation of bailouts of troubled financial institutions. This involved providing financial
support to banks and other institutions that were in danger of failing, in order to prevent the
crisis from spreading and causing further damage.
Governments also implemented fiscal stimulus measures, such as increasing government
spending and cutting taxes, in an effort to boost economic growth and stimulate demand.
Central banks also took action to address the crisis by implementing monetary policy
measures such as lowering interest rates and engaging in quantitative easing. These
measures were intended to increase the supply of money and credit in the economy and
stimulate economic activity.
Regulators implemented new rules and regulations to prevent future financial crises, such as
the Dodd-Frank Wall Street Reform and Consumer Protection Act in the United States. These
regulations aimed to increase transparency and accountability in the financial industry and
reduce the risk of risky practices.

Financial institutions also implemented their own measures to address the crisis, such as
strengthening their risk management practices and increasing their capital ratios. These
measures were intended to make financial institutions more resilient and better able to
withstand future economic shocks.
Total:
What changes, if any, do you feel should be implemented in the financial system to prevent
future crises?
Statements 3 2 1
One potential change that could be implemented in the financial system to prevent future
crises is increased regulation and oversight of the financial industry. This could involve stricter
rules on the types of loans and financial instruments that can be issued, as well as greater
scrutiny of the practices of financial institutions.
Another change that could be implemented is the use of more stringent risk management
practices by financial institutions. This could involve more thorough assessments of the risks
associated with different types of loans and investments, as well as the implementation of
stronger internal controls to prevent risky practices.
Another potential change is the implementation of stronger capital requirements for financial
institutions. This would involve requiring financial institutions to hold more capital as a buffer
against potential losses, which could make them more resilient in the face of economic
shocks.
Improved communication and coordination among financial institutions, regulators, and
government agencies could also help prevent future crises. By sharing information and
working together more effectively, these parties can identify and address potential risks
before they lead to a crisis.
Improvements in the global economic environment could help prevent future crises. This
could involve addressing imbalances in the global economy and working to promote more
sustainable levels of economic growth.
Total:
___________________________
Printed name and Signature of Participant
Prepared by:
CHRIST EMMANUEL M. AMATIAGA
Researcher
Survey questions:
1. What do you think were the main causes of the 2008 Global Financial
Crisis?
2. How did the 2008 Global Financial Crisis impact your life or the community
you are living in?
3. In your opinion, what measures should be taken to prevent such a crisis from
happening again in the future?

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Questionnaire for Research About " Unravelling the 2008 Global Financial Crisis: Causes,

Effects, and Implications"

Name of the respondent:

to financial struggles and difficulties making ends meet.

could have been mitigated, if certain actions had been taken.

could be issued, the crisis may have been prevented or lessened.

The use of financial instruments such as mortgage-backed securities also contributed to

these instruments, the crisis may have been prevented or mitigated.

communication and coordination among financial institutions, regulators, and

What factors do you believe contributed to the financial crisis?

defaults and foreclosures.

The use of financial instruments such as mortgage-backed securities, which allowed

a role in the crisis.

leading to the spread of risk throughout the financial system.

implementation of bailouts of troubled financial institutions. This involved providing financial

crisis from spreading and causing further damage.

Governments also implemented fiscal stimulus measures, such as increasing government

stimulate economic activity.

reduce the risk of risky practices.

withstand future economic shocks.

scrutiny of the practices of financial institutions.

stronger internal controls to prevent risky practices.

before they lead to a crisis.

sustainable levels of economic growth.

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