Global Financial Crisis
14 September 2012
Adriana Vamvakas
Monash University avam1@student.monash.edu Berty Vidanapathirana
Monash University
Caulfield East 3145 Dear Mr. Vidanapathirana,
Enclosed is a copy of the “Major Assignment” discussing the importance financial intermediaries have in an economy. This report is a summary of my findings gathered from books, magazine articles, Monash online database, speeches, newspaper articles and websites. It will explain to both peers and younger generations how financial intermediaries aid the flow of money in the financial world. In this report I will be looking closely at the roles of banks and how they have been affected by and dealt with the Global Financial Crisis. I was able to complete this report on schedule and meet all my proposed objectives within the allocated word limit of approximately 2500 words.
In this report you will find background information involving the roles of banks and why they are vital in our day-to-day lives. The report will then follow on to briefly explain the financial issue of 2008, the Global Financial Crisis, and how banks from both Australia and international banks dealt with the serious repercussions. Attached at the end are also some graphs and tables, to aid my findings. Through this research, I discovered that although the financial crisis was global, it was seen through the Australian governments measures that our economy and our banks were able to stay afloat, suffering minor setbacks whilst, unfortunately, many overseas banks, especially in the United States were not so fortunate and resulted in many losses.
Should you have any questions and/ or comments regarding my report or research, do feel free to contact me. Thank you for your guidance throughout the semester and I do hope to learn much more from you in the future.
Sincerely,
Adriana Vamvakas EXECUTIVE SUMMARY THE IMPORTANCE OF FINANCIAL INTERMEDIARIES
The purpose of this report is to discuss
Adriana Vamvakas
Monash University avam1@student.monash.edu Berty Vidanapathirana
Monash University
Caulfield East 3145 Dear Mr. Vidanapathirana,
Enclosed is a copy of the “Major Assignment” discussing the importance financial intermediaries have in an economy. This report is a summary of my findings gathered from books, magazine articles, Monash online database, speeches, newspaper articles and websites. It will explain to both peers and younger generations how financial intermediaries aid the flow of money in the financial world. In this report I will be looking closely at the roles of banks and how they have been affected by and dealt with the Global Financial Crisis. I was able to complete this report on schedule and meet all my proposed objectives within the allocated word limit of approximately 2500 words.
In this report you will find background information involving the roles of banks and why they are vital in our day-to-day lives. The report will then follow on to briefly explain the financial issue of 2008, the Global Financial Crisis, and how banks from both Australia and international banks dealt with the serious repercussions. Attached at the end are also some graphs and tables, to aid my findings. Through this research, I discovered that although the financial crisis was global, it was seen through the Australian governments measures that our economy and our banks were able to stay afloat, suffering minor setbacks whilst, unfortunately, many overseas banks, especially in the United States were not so fortunate and resulted in many losses.
Should you have any questions and/ or comments regarding my report or research, do feel free to contact me. Thank you for your guidance throughout the semester and I do hope to learn much more from you in the future.
Sincerely,
Adriana Vamvakas EXECUTIVE SUMMARY THE IMPORTANCE OF FINANCIAL INTERMEDIARIES
The purpose of this report is to discuss