activities. This globalisation has been facilitated by a number of political‚ economic and technological developments. In this chapter‚ we explore the financial markets with an outline of their history and their development in modern globalised economies. We devote some time to the concept of a security as a negotiable claim and the phenomenon of securitisation. We outline the structure of the financial markets and‚ in particular‚ how the money and capital markets interact. We then turn to the equity
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to over three thousand deaths of American citizens and installed fear into the rest of America and other countries as they did not want this horrifying event to strike them. These terrorists ultimate goal was to dent and cripple the United States economy by taking down its National Trade Center in order for them to lose money in stock markets‚ lose trading opportunities with countries like Canada‚ and cause Americans to spend billions of dollars towards the damage repair. This event definitely caused
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violent acts are committed by non-states armed actors Terrorists attempt not only to sow panic but also to undermine confidence in the government and political leadership of their target country. Terrorism is therefore designed to have psychological effects that reach far beyond its impact on the immediate victims or object of an attack. . Terrorism as a political act Terrorism is by nature political because it involves the acquisition and use of power for the purpose of forcing others to submit
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Barter economy The non-cash exchange of goods and services is known as barter. Bartering was common in earlier societies‚ but is rare in an advanced economy with a stable currency. Barter usually replaces money as the method of exchange in times of monetary crisis. This can occur when the currency may be either unstable or simply unavailable for conducting commerce. A barter exchange operates as a broker and bank. In this type of exchange each participating member has an account that is debited
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Transforming the Materials Economy Written by Alex Nicoll (http://www.newgreeneconomy.com) The Materials Economy The Materials Economy has been the driving force behind U.S. economics since the Second World War. The name refers to the raw materials from which its products are made. The marketing and sale of these products is what keeps the Materials Economy in motion‚ while exhausting natural resources and generating incalculable amounts of waste. Consumer products manufactured and sold in
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What type of Economy does China have? Explain some of the benefits of this system to the country and some of the drawbacks. 1. Since the People’s Republic of China was formed in 1949 until 1978‚ China had a planned socialist economy like the former Soviet Union. The government owned all factories and farms. Planning committees controlled all production. Market forces were often ignored when they conflicted with plans of the state. In 1978 China introduced farm reforms. Farmers could grow
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several different ways. The two main economies that seem to act as basic levels of functioning economies are command economies and market economies. These two economies work in various ways and provide interesting things for consumers and businesses. However‚ even though a command economy and a market economy have various similarities and differences‚ a market economy is ultimately more beneficial for a country. Command economies and market economies have different degrees of government
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Government-bond markets in peripheral countries are soaring Jan 19th 2013 |From the print edition THE squiggles on traders’ screens showing changes in the prices of government bonds are the closest thing that financial markets have to ECG machines for economies. By this diagnostic measure the invalids in Europe’s medical ward are making a remarkable recovery. On January 10th the interest rate on Spanish ten-year government bonds fell below 5% for the first time in almost a year. Even though rates then
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As Robert Neuwirth‚ who is a former business reporter‚ defines the informal sector or informal economy is that part of an economy that is not taxed‚ monitored by any form of government‚ or included in any gross national product (GNP)‚ unlike the formal economy. Other terms used to refer to the informal sector can include the black market‚ the shadow economy‚ and the underground economy and how he refers it mostly is System D. The original use of the term ‘informal sector’ is attributed to the economic
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Types of Economies What is an economy? An economy consists of the economic systems of a country or other area; the labor‚ capital‚ and land resources; and the manufacturing‚ production‚ trade‚ distribution‚ and consumption of goods and services of that area. A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange
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