The great escape: European migrants fleeing the recessionAs the European economic crisis deepens‚ more and more people are leaving to seek a better life in emerging economies around the world. We speak to four who have moved abroad For years Europeans have wrestled with the issue of immigration‚ from worries about changing national identity to integration and use of resources. And with Romanian and Bulgarian citizens eligible to work in the EU next year‚ the debate over whether – and how many
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of blame as the cause of the current financial crisis. Fair value accounting does not cause illiquidity or volatility in financial markets. Banks‚ rather than accounting‚ caused the existing crisis‚ ultimately through bad lending decisions and inadequate risk management. Accounting rules are designed to reveal the full extent of losses and future risks. This transparency would enable banks‚ regulators‚ and government to identify specific sources of the crisis and take steps toward recovery and future
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CASE STUDY 1: GREAT DEPRESSION 1929 The Great depression occurred in the United States of America (USA) during 1929 and lasted until 1939. The 1920’s‚ also known as the ‘Roaring twenties’‚ was a decade were the USA economy expanded rapidly. At that time people had found a new way of making money‚ very fast‚ through the buying and selling of market stocks. The interesting thing about this ‘new’ way of making money is that it did not differentiate economic status‚ hence the problem. Because anyone
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Management Abstract This study analyzes the effect of internal and external factors on the performance of Islamic banks in Malaysia. Additionally‚ this study analyzes the robustness of this effect by adding factors that represent the economic crisis of 2008 and the banks’ maturity to the analysis. This study uses the data for 16 Malaysian Islamic banks for the period of 2005-2011. The stepwise multiple regression analysis and the moderated multiple regression (MMR) analysis will be used to analyze
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Financial Crisis and Corporate Restructuring Dr. Chaiporn Vithessonthi‚ Mahasarakham University‚ Thailand ABSTRACT Although a financial crisis can be thought of as an economic event‚ it is rather unique and has significant consequences for the economy. Hence‚ a financial crisis should be treated differently than other economic events in the study of corporate restructuring. In this paper I propose a model for the impact of financial crisis on the corporate restructuring strategy of firms in emerging
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Neo-liberalism is responsible for most of the global economic problems we are experiencing today. Discuss. The US subprime mortgage crisis triggered a global economic crisis‚ which brings serious challenges around the world. As for the cause of the crisis‚ except for imperfect financial regulation‚ the real estate bubble and the overcapacity of global economy‚ the neo-liberalism is undoubtedly to blame. Nowadays‚ neo-liberalism refers to the economic term of legislative market reforms such as
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Background Research Methodology Backdrop of the crisis (i) Boom in World Economy and Thriving Asset Prices (ii) Growth in US Economy - Interest Rate Cut and Deregulation (iii) Failure of the US Leadership in Anticipating the Crisis Development of the crisis (i) Sub-prime mortgage (ii) Securitization and Repackaging of Loans (iii) Excessive Leverage (iv) Misleading judgments of the Credit Rating Organizations (v) Mismatch between Financial Innovation and Regulation (vi) Failure of Global
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Since then FDIs have been decreasing. The fall in global FDI in 2008–2009 is the result of two major factors affecting domestic as well as international investment. First‚ the capability of firms to invest has been reduced by a fall in access to financial resources‚ both internally – due to a decline in corporate profits – and externally – due to the lower availability and higher cost of finance. Second‚ the propensity to invest has been affected negatively by economic prospects‚ especially in developed
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ABSTRACT GLOBAL FINANCIAL CRISIS AND ITS IMPACT ON INDIA NAMES OF AUTHORS * Professor SWAPNILSONY.N. SINGH Assistant Professor‚ DAMS‚ G.S.College of Commerce‚ Wardha‚ Maharashtra. B.SC.‚ M.B.A. Phone No: 9881683767 e- mail: swapnilsony_flyingtigress@yahoo.com * Professor K.V.SOMANADH. Assistant Professor‚ G.S.College of Commerce & Management‚ Wardha‚ Maharashtra. M.Com. M.B.A... NET. M.Phil.‚ (Ph.D.) Mobile No: 807787321. e- mail: somrada_kolluru@yahoo
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(Blair 67). The economic recession of 2007 to 2009 was a global crisis that became one of the most hotly debated issues among economists with its detrimental effects spiraling worldwide. Globalization has led to a great interconnection of world economies‚ and an economic downfall in one part of the world is likely to have spillover effects on almost all other world economies. The extent of the spillover effects of an economic crisis in one country depends on the size of the economy as evident by
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