English Dossier Miléna Gandroz 2A Cycle ICM What are the causes and the consequences of the global financial crisis of 2008? SOMMAIRE INTRODUCTION 3 WHY IT HAPPENED? 4 1. Deregulation policy 4 2. Securitization of mortgages 4 HOW IT HAPPENED? 6 1. The subprime crisis 6 2. The financial crisis 6 WHAT ARE THE CONSEQUENCES? 7 1. In the financial sector 7 2. In the United States 8 3. Abroad 8 WHAT IS HAPPENING NOW? 8 1. Some things are changing 8
Premium Subprime mortgage crisis Bank Financial services
Cause of the Asian Financial Crisis of 1997 During Asian Financial Crisis‚ the Thai baht devaluation‚ the Malaysian ringgit was "attacked" by speculators. The overnight rate jumped from under 8% to over 40%. The factors that triggered the 1997 crisis was negative perceptions of the Malaysian economy following the dramatic collapse of the Thai economy. Foreign investors and international rating agencies had failed to consider underlying risks in the Thai economy‚ and spurred by fear that
Premium Macroeconomics Investment International economics
1. What were the major causes of the global financial crisis (“credit crunch”) starting in 2008? Examine the progress made by one country of your choice in its attempts to recover. Outline the nature of the measures it has taken‚ and provide statistical evidence of the extent to which it has recovered. Introduction According to Debonois et al(1999(‚ a financial crisis can be described as a combination of various disturbances‚ among them the failure of financial intermediaries‚ sharp decline
Premium Debt Financial crisis Great Depression
There have been many ongoing debates over the definition of ecological restoration. While there are still many definitions that people use to define this term‚ ecological restoration is generally defined as “the process of returning‚ as nearly as possible‚ a biotic community to a condition of biological integrity” (Callicott‚ 577). This term‚ however‚ means different things to different people. It not only encompasses the environmental aspects‚ but the cultural‚ social‚ historical‚ political aspects
Premium Wetland
Ecological Restoration Week 10 Regina Morin Ecological restoration is an intentional activity that initiates or accelerates the recovery of a damaged‚ degraded‚ transformed or entirely destroyed ecosystem‚ mainly to its structural and functional integrity and sustainability‚ as a result of direct or indirect human activities which may involve physical‚ chemical or biotic challenges. Ecosystem can benefit from ecological restoration. There are a few ways it is important to the ecosystem
Free Biodiversity Ecosystem
1. The nature and causes of the global economic crisis What is global economic crisis? – The nature thereof. Global economic crisis refers to an economic situation in which most of the countries of the world go through a period of economic breakdown called contraction or recession or slump‚ which manifest itself in the decline in aggregate output‚ usually for two consecutive quarters. During this contraction period‚ the structure of the economies change‚ resulting in economic hardships such as
Premium Economics Subprime mortgage crisis Supply and demand
Federalism – A Legitimate Crisis Solution Jonas Hirschnitz Maastricht University‚ B.A. European Studies candidate For: Montesquieu Institute‚ Den Haag J.Hirschnitz@student.maastrichtuniversity.nl Final Version: 31.05.2012 1 Montesquieu Institute Den Haag – Masterclass Programme – Final Paper 31 Mai 2012 Introduction 1. What is the Euro-Crisis? – Finding the gist 2. Does an “Optimal Solution” Exist? 3. EU Initiatives and Shortcomings 4. A Fiscal Federalist Solution? a. Fiscal Federalism
Premium European Union Institutions of the European Union
in kind. Only the surprise part of Khrushchev’s plan succeeded‚ but he underestimated the president. The U.S. Intelligence and the government came up with several different solutions in response to this issue and the addressed the possible consequences. Kennedy had a contradicting reasoning that if he did nothing about the crisis‚ the Russians would have gained an important base in Cuba and damaged American prestige the world over; if he attacked without warning‚ as the Soviet Union wanted‚ he would
Premium Cold War Soviet Union Cuban Missile Crisis
Introduction The financial crisis that began in 2007 spread and gathered intensity in 2008‚ despite the efforts of central banks and regulators to restore calm. By early 2009‚ the financial system and the global economy appeared to be locked in a descending spiral‚ and the primary focus of policy became the prevention of a prolonged downturn on the order of the Great Depression. The volume and variety of negative financial news‚ and the seeming impotence of policy responses‚ has raised new
Premium Subprime mortgage crisis Financial crisis Mortgage
Ecology is the study of the relationship of between organisms and their environment‚ including both the living and nonliving compounds. Some of the ecological concepts include succession‚ energy flow between trophic levels‚ limiting factors‚ and carrying capacity. First‚ succession is a change in species structure of an ecological community over time. Over time species in the community become more and more abundant and may not be present at all one day. Also‚ sometimes new species might invade the
Premium Ecology