International Research Symposium in Service Management ISSN 1694-0938 The Impact of the Global Financial Crisis on the Mauritian Financial Services Sector Aleesha Mohamudally-Boolaky University of Technology‚ Mauritius La Tour Koenig‚ Pointe aux Sables E-mail: aboolaky@umail.utm.ac.mu Indranarain Ramlall University of Technology‚ Mauritius La Tour Koenig‚ Pointe aux Sables E-mail: ramindra0001@yahoo.co.uk Abstract Le Meridien Hotel‚ Mauritius‚ 24-27 August 2010 1 International
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the American people could vote for someone whom they agreed views with. Furthermore‚ he said that another reputable time for America was the economy after the 2008 recession. During the 2008 recession‚ many Americans were losing jobs‚ money‚ and affordability of the necessities to live like food and shelter. Anyhow‚ after the recession‚ people were getting their jobs back and were able to stimulate the
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Abstract: Aims: The main aims of this research are to provide more empirical evidences for theory of property rights and public choice theory and to test these theories in a new environment i.e. banking sector of Pakistan. This research compares performance of public and private banks in Pakistan on the basis of four performance measures‚ profitability‚ liquidity‚ solvency and efficiency. It also studies the effect of politics on public banks. Method: Mainly quantitative approach is utilized in this
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Global Crisis‚ Recession and Uneven Recovery by Y.V. Reddy Book Review by Nidhi Choudhari There is enough on this earth to meet the needs of all‚ but not the greed of all. Mahatma Gandhi Why I picked up Y.V. Reddy’s Book??? There have been a large number of books published on current global financial crisis therefore; selection of this particular book on the subject requires some reasoning. First‚ there are not many books written by central bankers on the topic. Central banks have been central
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What is Investment Banking “A specific division of banking related to the creation of capital for other companies. Investment banks underwrite new debt and equity securities for all types of corporations. Investment banks also provide guidance to issuers regarding the issue and placement of stock.” An investment bank is a financial institution that helps companies take new bond or stock issues to market‚ usually acting as the intermediary between the issuer and investors. In addition to the services
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GREAT RECESSIONS OF THE WORLD GLOBAL MACROECONOMICS Abstract The NBER in the United States defines a recession as: “A recession is a significant decline in economic activity spread across the economy‚ lasting more than a few months (more than two quarters)‚ normally visible in real GDP‚ real income‚ employment‚ industrial production‚ and wholesale-retail sales.” In this study of global recessions of the world our aim is to prepare a cause and effects analysis for four major recessions
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the expansion of banking and money and the changes in people’s financial wealth are three ways by which the financial system could affect the level of aggregate demand in the economy. For a real economy to expand‚ liquidity of assets is a requirement and the availability of liquid assets increases the aggregate demand in the economy as consumers have easy access to cash when needed as liquid assets are assets that can be easily converted into cash. The expansion of banking and money also affects
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When did corrective actions begin? When President Barack Obama was sworn in on January 20‚ 2009 he brought with him a plan and an execution of ideas to bring the United States of America out of the Great Recession. This did not take just one or two plans; it took hundreds of acts‚ reforms‚ bills‚ and advice from the Department of Treasury. The American Recovery and Reinvestment Act of 2009 is the umbrella to all of these plans to push the United States of America into the right direction. The
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Topic: The impact of activity-based costing on banking industry performance Activity-based costing (ABC) gives a true cost for the bank compared to traditional costing‚ which allocates most of the expenses. Banking has become very competitive‚ and it has become imperative that banks like any other businesses allocate their resources to the most profitable areas. For banking industry‚ in particular‚ the potential benefits of activity-based costing (ABC) implementation can be numerous. These include
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HRM Role in Recession The recession is healthy‚ from time to time. The recession helps to stop the businesses‚ which are not bringing value added and the human capital is transferred to more vital businesses at lower costs. In the companies‚ which survive the recession‚ the HRM Role is very important. The recession is very dangerous for the companies. During the times‚ when the business grows dramatically‚ the HRM Function introduces different policies‚ which are focused on spending money. The
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