Good evening‚ For this assignment I chose to research the Mexican Financial crisis of 94-95. This crisis was also referred to as the “Tequila Crisis.” The history of this financial crisis dates back to when the Peso started to become devalued in December of 94. Eventually this event caused the greatest depreciation of any currency when the Peso went from a value of 5.3 Pesos per US Dollar to over 10 Pesos per US Dollar from December 94 to November 95. This was also the most severe recession
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Introduction 2 Real-life examples 2 Empirical cycle 2 Other concepts of Babbie‚ Gravetter and Forzano applied 2 Conclusion 2 References 2 Introduction The burst of the United States housing market bubble initiated the worldwide financial crisis. Amongst all housing regulations‚ the community reinvestment act (CRA) may be the most significant. The act passed in 1977 to improve low-income households’ housing opportunities. As such‚ the act raised the incentives for banks to provide mortgages
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1988 Judicial Crisis In 1988‚on the ground of misconduct‚ Tun Salleh Abas by then Prime Minister Dr Mahathir Mohammad was brought before a tribunal and this tribunal was chaired by Tun Hamid Omar. Due to the constitutionality of the tribunal‚ Tun Salleh Abas filed a suit in the High Court of Kuala Lumpur and while proceeding‚ interim stay against the tribunal was applied by Tun Salleh Abas until July 4‚ 1988 but the request then denied. Later‚however‚ an interlocutory order was granted to Tun
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The Rape Crisis Center The Rape Crisis Center was founded in 1975 to provide comprehensive services to sexual assault victims and their families. The center wanted to assure that these victims have the information‚ resources‚ services‚ and most importantly the people to help them get through this troublesome time. Many people deal with rape differently. Some common survivor reactions are depression‚ flashbacks‚ fear‚ avoidance‚ and more commonly guilt. Not everyone reacts in the same way‚ so there
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been affected by and dealt with the Global Financial Crisis. I was able to complete this report on schedule and meet all my proposed objectives within the allocated word limit of approximately 2500 words. In this report you will find background information involving the roles of banks and why they are vital in our day-to-day lives. The report will then follow on to briefly explain the financial issue of 2008‚ the Global Financial Crisis‚ and how banks from both Australia and international
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There is not one specific reason for the financial crisis‚ but rather a combination of many events that caused the unusual market collapse of 2008. One explanation can be traced back to 1995 when the Clinton administration attempted to improve the Community Reinvestment Act‚ which required banks to distribute more loans in lower income areas. If the banks failed to abide by this new law‚ they would face harsh penalties‚ such as receiving limits on approvals for mergers and could even be hit with
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Cuba was situated only 90 miles from Florida in southern USA. Americans owned most of the businesses‚ banks‚ sugar and tobacco plantations‚ as well as a large naval base. The USA maintained good relations with the pro-American dictator Batista. Batista was overthrown in 1959. 95% of Cuba’s trade was with the USA so the Cuban economy was heavily dependent on the USA. The new leader‚ Fidel Castro wished to reduce USA influence. He nationalised industries and banks and introduced land reforms. This
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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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After the financial crisis in 2008‚ the regulation has been paid more attention to. The financial sector’s reputation was trashed by the crisis. A light touch has been replaced by close oversight‚ even using ‘stress tests’ to measure banks’ ability to withstand crises (The Economist‚ 2017). One scandal followed another unfolded: providing mortgages to people who could not afford them; mis-selling securities built upon such loans (RICHARD‚ D.‚ 2010); selling expensive and often useless payment-protection
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Public Relations and Crisis Management Hung Fook Tong Table of Contents Executive Summary 2 Define and Explain the Crisis 3 Crisis Management Concepts and the Crisis 4 Crisis Management Strategies and Communication Strategies - Actual 5 Executive Summary This report critically defines‚ analyzes and provides recommendations on a recent crisis Hung Fook Tong (HFT) has encountered‚ product deficiency. Through crisis management concepts‚ communication strategies this report will show what
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