BACKGROUND Global Financial Corporation (GF) offers financing services for customers purchasing heavy construction equipment from its parent company Global Equipment Company (GEC). GF’s Bakersfield‚ California office is setup to process the loan applications for the western United States. A recently appointed Vice President of GF‚ Nancy Rodriquez‚ is also in charge of managing the Bakersfield office. She has received a memo from the Director of Marketing at GEC with a complaint stating that the
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Leverage is borrowing money to amplify the outcome of a deal. The financial crisis includes sub-prime mortgages‚ collateralized debt obligations‚ frozen credit markets‚ and credit default swaps. The way that leverage works in a normal deal is that someone can buy merchandise for 20‚000 and sell it to someone else for 11‚000 and they gain 1‚000 in profit. However‚ using leverage if the same person with 10‚000 goes to borrow 990‚000 it will give him 1‚000‚000. He will then go buy 100 boxes with his
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Education and Academic Cooperation THE IMPACT OF THE FINANCIAL CRISIS TO HIGHER EDUCATION The 1st Asia-Europe Education Workshop 25 – 26 March 2010 Manila‚ the Philippines In partnership with: 1 Asia-Europe Education Report 1st Asia-Europe Education Workshop: The Impact of the Financial Crisis to Higher Education Makati City‚ Philippines‚ 25-26 March 2010 Co-organised by the Asia-Europe Foundation’s ASEM Education Hub (AEH) and the Asian Institute of Management (AIM) © Asia-Europe
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| Global Financial Corporation | | Abstract Global Financial Corporation (GF) a subsidiary of Global Equipment Company (GEC) is tasked with handling financing for those customers who wish to purchase GEC heavy equipment. Currently GF only processes 51% of the leases within the “10 days or less” time frame‚ with some loans taking up above 41 days. Ms. Rodriguez‚ the Vice President of GF has been directed to decrease loan processing time to 10 days or less with the current staff she has. The
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The impact of the financial crisis on Africa By Eric Essuman Duodu Most Africa countries had enjoyed steady but minimal economic growth in the last decade partly due to lack of good governance and accountability. Nonetheless‚ the emergence of the Western financial crisis has further deepened the economic woes of third world countries. 2. Many were of the view that the impact of the crisis on the continent would be minimal because of African’s limited integration in the global market but the effects
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talk about new complex financial instruments and my topic is : The creation of complex financial instruments was a key component in the creation of the financial crisis of 2008. My presentation has been divided into four parts. The first part I will identify new financial instruments and describe its activity. Next to The second part‚ the criticisms of the complex instruments will analyses. And then‚ the third part will discuss whether the creation of the complex financial instruments should be
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CONTRAST OF ASIAN CURRENCY CRISIS 1997‚ AMERICAN SUB-PRIME FINANCIAL OF 2008 AND EUROPEAN DEBT CRISIS OF 2010 (MACROECONOMICS TERM PAPER) TABLE OF CONTENTS: I. Introduction II. Overview of the ff: A. Asian Financial Crisis 1997 B. American Sub-prime Financial of 2008 C. European Debt-Crisis of 2010 III. Analysis and Solution of the three Crisis IV. Compare & Contrast VI. Conclusion VII. Bibliography I. INTRODUCTION A Crisis is a time of intense difficulty
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The recent global financial crisis has caused considerable economic slowdown in developed countries such as the UK‚ Germany‚ France and the USA. The United States and Britain face the greatest financial crisis since the 1930s. While there are reasons for optimism‚ many developing countries are likely to face challenges in the near future. While governments around the world are trying to contain the crisis‚ many suggest the worst is not yet over. I‚ Sushan Shrestha‚ am a Nepali‚ citizen of Nepal.
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felt this was an apt way to begin my report and analysis on the credit crisis and aspects which can help the world to recover. Although the quote discusses the US I feel this can be applied worldwide. I will discuss in detail what I feel should be implemented to fight the extent and period of recession and austerity which we are operating in. The areas which I will focus on for this analysis will be on the regulation of the financial markets and how they can affect the credit securities market. I feel
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Introduction This essay explains the pitfalls associated with derivatives instruments by making reference to the 2007 Global Financial Crisis. Derivatives are financial securities that are linked to a specific instrument or indicator or commodities called underlying instruments (Hull‚ 2009). There are as many derivatives as they are underlying instruments. Derivatives are essentially financial contracts which are entered into between two parties with respect to some other underlying instruments. Since they
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