(Definition)-Financial crisis The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries‚ many financial crises were associated with banking panics‚ and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles‚ currency crises‚ and sovereign
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and Consequences of the Spanish Economic Crisis: Why the Recovery is Taken so Long? Summary: Spain is currently facing its worst crisis in the last fifty years. The crisis began as an extension of the international financial crisis‚ but the internal imbalances accumulated in the pre-crisis period aggravated the situation. At present their incomplete adjustment is making difficult the economic recovery. This paper describes the evolution of the economic crisis in Spain. The real estate sector and the
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Sunnah. Naturally‚ it remains a deep cry in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. The establishment of Islami Bank Bangladesh Limited on March 13‚ 1983‚ is the true reflection of this inner urge of its people‚ which started functioning with effect from March 30‚ 1983. This Bank is the first of its kind in Southeast Asia. It is committed to conduct all banking and investment activities on the basis of interest-free profit-loss sharing system
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MICROFINANCE AWARENESS AND IMPACT IN KENYA: A CASE OF NAIROBI COUNTY 1 Table of Contents CHAPTER ONE ............................................................................................................................................... 3 INTRODUCTION ............................................................................................................................................. 3 1.1 Background of the Study ................................................................
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TOURISM IN KENYA INTRODUCTION Tourism is the world’s largest industry. According to World Tourism Organization (WTO)‚ tourism accounts for more than 10% of the world total employment‚ 11% of the Global Domestic Product (GDP) and the total tourist trips are predicted to increase to 1.6 billion by 2020. In Kenya tourism is an important sector of the economy‚ in 2006 tourism was the leading foreign exchange earners contributing Ksh 56.2 billion while attracting 1.8 million tourists (Source :Kenya Tourism
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broad policy of financial deregulation. In 2000‚ the Icelandic government started privatization the bank sector. The Icelandic economy entered the European free market. The currency policy has changed to let the krona float freely. (The Central Bank of Iceland) After these radical changes‚ the young Icelandic financial system grew faster than anywhere else in the world. The commercial Icelandic banks have attracted huge amounts of foreign Money. The Icelandic banking system has expanded largely‚ preforming
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HIV AS A NATIONAL DISASTER IN KENYA The term ‘national disaster’ refers to the detrimental effect of a particular phenomenon whether natural or not which affects the population of a nation negatively in terms of loss of human lives or massive harm or injury to a large section of the population. In the year 1999‚ former president Daniel Arap Moi declared HIV/AIDS a national disaster in Kenya and called for the establishment of the National AIDS Control Council. HIV is a virus which causes progressive
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Generations ago‚ Kenya had dozens of different religions until European colonization swept the country; its long lasting effect being that today 82.6% of the Kenyan population is Christian. No matter how long a culture has been living‚ in a blink of an eye it can easily be taken down by a group of outsiders. As Europeans “invaded” Kenya‚ the natives were pressured to convert to the newly presented ideas. Reluctantly‚ many natives were forced to adopt western culture if they wanted to avoid any further
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RELATIONS IN CRISIS MANAGEMENT. INTRODUCTION This essay is based on the role of public relations in crisis management where I will be introducing what a crisis is and how to manage it followed by the importance of public relations. How to deal with the media in a crisis is explained more in the second part of the essay. To give it practical approach organisations that successfully over came a crisis and organisations with poor crisis management will be described. WHAT IS A CRISIS Every organisation
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that merge of commercial and investment banks is a better approach to achieving stability. After the global financial crisis‚ the American economy went into recession. The policy priority of American government was then to intervene into its banking system so as to mitigate the impact of the crisis. One advantage of the merger of banks is that it can improve the overall condition of the economy (Khan‚ 2012). The merger of banks unites small and weak unit banks which will then be able to provide diverse
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