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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Knowledge Assets in the Global Economy: Assessment of National Intellectual Capital Journal of Global Information Management July-Sep‚ 2000‚ 8(3)‚ 5-15. “Our government is filled with knowledge...We have 316 years’ worth of documents and data and thousands of employees with long years of practical experience. If we can take that knowledge‚ and place it into the hands of any person who needs it‚ whenever they need it‚ I can deliver services more quickly‚ more accurately and more consistently.”
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Victoria Ivashina and David Scharfstein (2010) point out that the financial crisis of 2008 affects economy by the decline in new loans in bank area and there are two stresses on bank liquidity led banks to cut lending which are commercial and industrial loans stresses. The data for the writers’ investigation are from Reuters’ DealScan database instead of C＆I - which means commercial and industrial – loans announced by Federal Reserve Board (FRB). The reason maybe that DealScan mainly contains syndicated
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DISCUSSIONS Week1-1 In your opinion‚ discuss whether the world of finance is too difficult for the average person to understand. * From the e-Activity‚ choose the reason that you believe had the greatest influence toward the 2007-09 financial crisis and explain why. The textbook addresses several issues as well. finance can be a complex subject‚ but whether it is too difficult to understand that is a different story. I believe in life that nothing can be to hard or too difficult to do‚ like
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and rising petroleum and food prices. A 2011 poll found that more than half of all Americans thought that the U.S. was still in recession or even depression‚ although economic data showed a historically modest recovery. The financial crisis of 2008 was one of the worst financial events that has taken place in this country in its short history. It was caused by a faulty housing market which was being artificially fueled by the government and risky business ventures. The precipitating factor was a high
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SWOT Analysis of Indian Economy India is the ninth largest economy in the world in terms of GDP. The Indian Economy due to its peculiar trends has been a subject of interest for the world. After independence‚ the Indian economy was more like a socialist economy: democratic‚ large public sectors and heavy regulations on private sectors. Around the 1990s the economy reached a point of stagnation. Then‚ in 1991‚ India saw the largest economic reforms pioneered by Dr Manmohan Singh‚ the then finance
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The financial services sector is emerging from the worst financial crisis for 80 years. Tighter regulation‚ an overhang of debt in the west and the immense growth in the power of banks in emerging economies will transform the landscape of banking. The global financial system suffered a profound and traumatic shock in September 2008 when US investment bank Lehman Brothers collapsed. As market players withdrew from the financial system‚ credit dried up and world trade collapsed‚ there
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SEZ – Challenges Before Indian Economy Introduction : Over the years it has been seen that the growth rate of the Indian economy‚ employment generation‚ improvement in the standard of living of the people has not been as expected. It was realized that foreign (and even domestic) investments in India were much lesser as compared to the much smaller South East Asian countries mainly due to multiplicity of controls and clearances‚ absence of world class financial infrastructure‚ etc. With
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Chapter 6 Discussion Questions |6-1. |Explain how rapidly expanding sales can drain the cash resources of a firm. | | | | | |Rapidly expanding sales will require a buildup in assets to support the growth. In particular‚ more and more of the | | |increase in
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Comments on The Present Global Financial Crisis and Sri Lankan Economy by Mr Ajith Nivard Cabraal‚ Governor of the Central Bank of Sri Lanka 10 October 2008 1. The Global Economy is in Turmoil. The ongoing financial crisis originated as a result of the subprime mortgage crisis (SMC)‚ erupted in mid 2007. The SMC erupted due to the bursting of the US Housing Bubble and high default rates on “Sub Prime Mortgages”‚ beginning 2006. The major cause for this financial crisis was the reckless providing
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