were in 1966 and 1991. The 1966 Devaluation Despite government attempts to obtain a positive trade balance‚ India has had consistent balance of payments deficits since the 1950s. The 1966 devaluation was the result of the first major financial crisis the government faced. Inflation had caused Indian prices to become much higher than world prices at the pre-devaluation exchange rate. When the exchange rate is fixed and a country experiences high inflation relative to other countries‚ that country’s
Premium Currency Bretton Woods system Foreign exchange market
notable but in an era of rising energy prices and inflation‚ It became impossible for his administration to meet these high expectations. America had developed a "crisis of confidence" and a "national malaise" by the late 1970s. On July 15‚ 1979‚ Pres. Jimmy Carter gave the "malaise" speech‚ where he identified what he believed to be a crisis of confidence among the American people. He felt that the American people were no longer listening due to the assassination of important leaders‚ The Watergate
Premium Vietnam War Richard Nixon John F. Kennedy
The recent political crisis in Mali has something to do with the Tuareg people that live in this region and the general religion of the region. The Tuareg people are nomadic farmers. North Africa is primarily Muslim and is heavily influenced by what happens in the Muslim world. Muslim rebel groups like the Ansar Dine seek a nation that abides by Islamic Law. Others like the Islamic Movement for Azawad seek an independent state in Northern Mali and acknowledgement of that state by the world. Mali
Premium Sharia Islam Tuareg
FINANCIAL CRISIS: WHERE DID RISK MANAGEMENT FAIL? Gabriele Sabato Royal Bank of Scotland1 Abstract The real estate market bubble and the subprime mortgages have been often identified as the causes of the current financial crisis‚ but this is not entirely true or‚ at least‚ they cannot be considered as the main cause. A poor regulatory framework based on the belief that banks could be trusted to regulate themselves is among the main sources of the crisis. At the same time‚ risk management
Premium Management Risk management Risk
PART 2: Application of Crisis Assessment & Intervention Skills 1. Tour 1st task of this qn is to comprehend the given case scenario below: Kelvin & Lemmy just celebrated their 10th weding anniversary. Lemmy was 39yrs old and expecting her 1st baby. She and her 41yrs old husband Kelvin were eagerly waiting the birth of their child. The child was also the 1st grandchild in the family on both sides At 17 weeks she went to her pediatrician for a scheduled check up. Subsequent to an examination
Premium Risk Decision making
colonists feel inferior‚ especially after they had been so accustomed to England’s salutary neglect. As more and more acts were introduced‚ Americans began to question the way England treated them and what liberty and freedom really meant. The recurring crisis and how the colonists reacted to them led to the American’s development of their own theory of independence. When the first act‚ which was called the Sugar Act‚ was passed and taxes were placed on coffee‚ tea‚ sugar‚ wine‚ and other imports‚ the
Free American Revolution Thirteen Colonies George Washington
Below is a free essay on "Crisis Intervention" from Anti Essays‚ your source for free research papers‚ essays‚ and term paper examples. On April‚ 16‚ 2007 Virginia Tech went through a crisis that they won’t ever forget. During the morning of April‚ 16 a tragedy occurred in two separate attack. The first attack started at 7:15 am in the campus of Blacksburg‚ VA. At that time two people got killed in the dormitory. The second attack occurred two and a half hour later across campus. During the second
Premium Seung-Hui Cho Columbine High School massacre
Medicare Crisis You are chief of staff to your brother-in-law‚ Representative Howard Hughes‚ who was recently elected to fill out a term in Congress. a panel discussion on the Medicare funding crisis. You have been asked to prepare paper for him. The panel is asked to respond to a proposal for reducing Medicare expenditures by enrolling participants in HMOs. What does the Congressperson say? The following key questions must be addressed in the paper: Is Medicare in a state of crisis? Are radical
Premium Medicare Old age Retirement
MINERAL AND POWER RESOURCES India has a variety of mineral resources that play a very important role in the industrial development of the country. India has large deposits of Iron ore‚ manganese ore and bauxite ore. India has a virtual monopoly over mica. India is self-sufficient in coal but coking coal is limited. India has small deposits of zinc‚ copper‚ lead and gold. It lacks sulphur and is poor in the production of mineral oil and natural gas. We have small deposits of minerals required for
Premium Petroleum Iron ore Natural gas
Is ASEAN prone to Another Financial Crisis: Risk and Policy Challenge? ♣ Bandid Nijathaworn 1. Introduction The last twenty years have been eventful for the economies of ASEAN in terms of financial crisis and policy management. Since the 1990s‚ the region had gone through two major financial crises‚ one as a region where a crisis began while the other as a recipient of a major crisis. Both provide the ASEAN economies with a wide range of valuable policy experience for assessing the region’s
Free Economics Investment Risk management