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
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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 provoke Soviet action in Berlin that would force him to resort to nuclear
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Philippine Dam Crisis: Contending the Deferment of the Laiban Dam Project 2013 Bulacan State University COLLEGE OF ENGINEERING City of Malolos‚ Bulacan Philippine Dam Crisis: Contending the Deferment of the Laiban Dam Project BY ALMAZAN‚ Erwin V. ATIENZA‚ Joel Jeremiah G. BERSABAL‚ Marvin R. EUGENIO‚ Darwin B. TOLOSA‚ Andrew Ian Grey J. Group 6‚ ECE 4-A (Accomplished August 16‚ 2013 in compliance to the requirements of the academic program “Environmental and Safety Engineering”
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Capital Flows of the Greek Debt Crisis Word Count: 1957 Done by: Ng Hong Qing (A0093512) Tutorial Group DE4 Introduction The Greek Debt Crisis (GDC) saw the plunge of a country into one of the worst economic disasters it has experienced. Having historically run budget deficits to finance social benefits and policies‚ Greece has also incurred fairly high levels of public debt. However‚ the GDC was not an outcome of domestic problems. Following the global financial crisis in 2008‚ Greece’s core industries
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Iran Hostage Crisis In the early morning of November 4‚ 1979 an angry mob of Islamic revolutionaries overran the US Embassy in Tehran‚ “the group called themselves the Muslim Student Followers of the Imam’s Line” (History‚ Unknown). The Iran Hostage Crisis was also known as “Conquest of the American Spy Den” which is the literal translation from Persian to English (Lee). From November 4‚ 1979 to January 20‚ 1981 52 Americans were held hostage for 444 days in various locations around Iran to make
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the Cuban Missile Crisis can justify or point out flaws in the the United States decision to become involved Cuban internal affairs. Much of the world support the United States heroic actions to overthrow Castro because of his socialists government. If the Castro was simplify a figurehead between the Soveit Union and the United States then Castro would have better international standing and the United States action would come into question. In the events leading up to the Crisis Castro’s role seemed
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Banking crisis To have a better understanding of 2008-2009 financial crisis we need to know where does it start and why it become global issue. The main reason for this financial meltdown of the economy was the Collateral debt obligation and rating agencies who rate them. CDO is acronym for Collateralized debt obligation. Longstaff and Arvind (2008) describe CDO as: “financial claim to the cash flows generated by a portfolio of debt securities or‚ equivalently‚ a basket of credit default swaps
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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
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Is it possible for another real estate-based financial crisis to occur? To answer this question we have to look back at the historical data of housing market‚ banks‚ government policies and the economy as a whole and find out why this financial crisis occurred at first place. For the last 30 years house prices have have had a steady incline but as we hit year 2000-01 housing market had sudden change – loan supply went up‚ so did housing supply and demand and then sudden crash. What happened in 2001
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Institutions during the Credit Crisis: Select a financial institution that had serious financial problems as a result of the credit crisis. Determine the main underlying causes of the problems experienced by that financial institution. Explain how these problems might have been avoided. Table of Contents I- Credit crisis .................................................................................................... 2 II- Impact of the credit crisis on investment banks ...........
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