 Complete the following phrase:  A series of currency devaluations and oil crises in the 1970s led most countries to float their currencies. The world economy became increasingly ficially integrated in the 1980s and 1990s due to capital account liberalization and ficial deregulation. A series of ficial crises in Europe, Asia, and Latin America followed with contagious effects due to greater exposure to volatile capital flows. The global ficial crisis, which originated in the United States in 2007, quickly propagated among other nations and is recognized as the catalyst for the worldwide Great Recession. A market adjustment to Greeces noncompliance with its monetary union in 2009 ignited a sovereign debt crisis among European nations known as the 