Explain the main reasons why financial markets and financial intermediaries exist. Under recent years‚ our financial institutions have come under intense criticism‚ questioning their very purpose. In order to look at the questions that arise as to why financial markets and intermediaries exist‚ it is first important to look at what they are. Financial intermediaries and market’s main purpose is to create a mechanism where money can be reallocated to their most productive opportunities(Casu et al
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I do believe that Nationalism was the main cause of the war because it all began from countries trying to get their freedom from the Austria-Hungary Empire. Guarilo Principe shot Francis Ferdinand because he didn’t want to be under their control any longer. Then‚ of course‚ the other countries went to war not only because of the allied agreements but because they did not like the countries they were up against. In this war‚ there were two types of nationalism: there was the type where countries did
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Main Cause of the American Revolution-Anchor The American Revolution started between both the British and American colonists in conflict over various incidents. British Parliament wanted control over colonial trade and profits from items imported into the colonies. After taxing the colonists‚ various rebellions occurred between the English Crown and the American colonist. The taxation of merchandise‚ both imported and exported‚ by the British‚ was one of the main causes of the American Revolution
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There is not one specific cause of the Great Depression‚ but rather‚ there were multiple different causes of the Great Depression‚ all of which are identifiable in the years leading into the Depression. One such action that helped create the Great Depression would be the way citizens and banks handled their stocks. At the time‚ investing in the stock market was believed to be a terrific idea that many people participated in. This was due to the fact that it was believed that people had nothing to
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Document 1 These excerpts are from Letters from a Farmer in Pennsylvania by John Dickinson. Dickinson was a Pennsylvania political leader who served in the Stamp Act Congress of 1765. Later in his career‚ he served in the Continental Congress‚ and later still‚ in the Constitutional Convention. In the following statement‚ Dickinson condemned some of the new taxes being imposed by Parliament. There is another late act of parliament‚ which appears to me to be unconstitutional‚ and ... destructive to
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allows the trade of such financial securities is known as a financial market. Financial markets aim to facilitate the raising of capital‚ as well as the transfer of risk between economic agents and also international trade. Typically‚ the borrower will issue a receipt‚ or financial security‚ to the lender that promises to pay back the capital gained. Securities such as these can be freely bought or sold within financial markets. The lender should expect some sort of capital gains from these securities
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The particular causes of Enron ’s failure are complex. There are lots of issues that have to do with the Enron collapse. Enron is a company that was called as Houston Natural Gas and then Enteron. It becomes politically connected player in the new deregulated market of energy. At one time Enron appears to have been a successful and innovative enterprise‚ principally engaged in trading and dealing in energy-related contracts. At some point it expanded by making substantial investments in a variety
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North and South Vietnam but without the U.S. involvement. It ended with a communist victory in April 1975 with the North Vietnamese conquering South Vietnam. Cause of the Vietnam War The Vietnam War occurred from a result of two causes. One cause had to do mainly with the Vietnamese and one cause had mainly to do with the Americans. The causes of the Vietnam War roots back to the end of World War II. The Vietnam War
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began in April 1861. It lasted for about four years. During that time many soldering has died in war. During the war there was slavery. One of the main causes of the war was slavery. Some people thought that there should be slavery and some thought that their wouldn’t be any. Slavery was going away in the border states and in southern cities. A cause that caused the civil war was the election of Abraham Lincoln because he wanted to eliminate slavery and the southern did not agree with him. Abraham
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sufficient money or material possessions for a life of moderate comfort.In some cases it is not only the state of having income that is below the line of poverty but it is also the inability to sustain a specified level of well being. Poverty is the cause of crime: It is in fact that most of the crime that occur are due to poverty‚except for countries where the minimum necessities of life are met.No matter how much moral the person is‚if poerty threatens his or her life then he or she is likely to
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