NBER WORKING PAPER SERIES FROM FINANCIAL CRASH TO DEBT CRISIS Carmen M. Reinhart Kenneth S. Rogoff Working Paper 15795 http://www.nber.org/papers/w15795 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 March 2010 The authors are grateful to Enrique Mendoza‚ Maurice Obstfeld‚ Vincent Reinhart‚ two anonymous referees and the editor for useful suggestions and the National Science Foundation Grant No. 0849224 for financial support. The views expressed herein
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of ecosystems to threats to human health. Experts in fields from forestry to economics‚ even national security experts‚ pitched in to assess the range of possible consequences. It was impossible to make solid predictions given the complexity of the global system‚ the differences from one region to another‚ and the ways human society itself might try to adapt to the changes. But by the start of the 21st century‚ it was clear that climate change would bring serious harm to many regions — some more than
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banking crisis affecting the financial sector are now being observed in the wider economy. In January 2009‚ it was confirmed that the UK is officially in recession as the criteria of two consecutive quarters of negative economic growth has been met. Gross domestic product (GDP) fell by 1.5% in the last three months of 2008 following a 0.6% drop in the previous quarter. Many events leading to the current situation have stemmed from the managerial decisions made within various financial institutions
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Chinas economy and the influence of the financial crisis Introduction China has one of the largest economic powers in the world. In the times of the financial crisis it is the more interesting in which ways this influences the economy of the Peoples Republic. This might be the beginning of a new era. It is foreseeable that the world will change and that America will lose power. That is why I want to deal with a global topic from a Chinese point of view. To reflect this topic the main part of the
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well a global recession is mentioned. Some causes and effects has been listed. Due to recession occurring‚ I have identified the effects of recession based on Tesco. The causes and effects of global recession. Global financial crisis‚ increasing for a while‚ began to show its results in the mid of 2007 into 2008. Worldwide stock markets have subsided‚ financial institutions have dropped and governments in even the richest nations have had to develop packages to assist their financial organizations
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have to increases their capital by at least 25 billion pound and borrow from government. An additional 25 billion pound in extra capital will be available in exchange of preference shares. Government described as the root cause of current financial crisis is liquidity‚ capital and funding At least 200 billion pound will be made available from bank of England for short term borrowing to provide liquidity to banks Those banks who wished to strengthen capital ratios through the government is required
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The Effects of global warming. Global warming refers to the rise in the average temperature of oceans and Earth’s atmosphere since the 19th century and its continuation till today (Wikipedia‚ 2012). Since the 20th century‚ the earth’s surface’s temperature has increased 0.8°C (Wikipedia‚ 2012). The increase seems diminutive‚ but such unsubstantial change has exerted a devastating influence on the whole planet. The environment‚ the people and animals on earth have all suffered from global warming
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The Global Financial Crisis and the Indian Financial Sector What Have We Learnt and How Have We Responded? 1 - Duvvuri Subbarao _____________________________________________________________________________ Thank you very much for inviting me to speak at this conference of the Indian Merchants’ Chamber on international finance and banking. I attach a lot of value to speaking from this platform and to sharing some thoughts on financial and banking sector reforms. 2. In a few months from
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Global Warming and its Effects What is global warming? Global warming is when the earth heats up (the temperature rises). It happens when greenhouse gases (carbon dioxide‚ water vapor‚ nitrous oxide‚ and methane) trap heat and light from the sun in the earth’s atmosphere‚ which increases the temperature. This hurts many people‚ animals‚ and plants. Many cannot take the change‚ so they die. However‚ global warming has its causes and it also has its effects on humans‚ and animals.
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LEVERAGE IN THE CURRENT FINANCIAL CRISIS The United States of America is in the middle of the worst financial crisis in more than 75 years. To date‚ federal regulators and authorities have taken unprecedented steps to stop the complicated situation of the financial services sector by committing trillions of dollars of taxpayer funds to rescue financial institutions and restore order to credit markets. Although the current crisis has spread across a broad range of financial instruments‚ it was initially
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