President’s signature, the [Dodd-Frank Act] will mark the greatest legislative change to financial supervision since the 1930s,” according to Margaret Tahyar, partner and member of the New York Financial Institutions Group (Tahyar). Officially signed by Barack Obama on July 21, 2010, the Dodd-Frank Act gave positive hope for the future for financial markets and institutions, being viewed as the “most comprehensive financial reform since the Glass-Steagall Act” (Amadeo). However, since the implementation
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MARKETS / MODELS / CRISIS … WHO IS THE WINNER? Walid BEHAR Founder of TBS Finance Entrepreneur, Investment Analyst, Accelero Capital a.walidbehar@gmail.com Since the Great Depression*, History has shown us how important it is to understand the rationale behind those 3 key elements that will rule the future of Financial markets. Understanding the synergy and link between them is like trying to know who has been engendered first, the egg or the chicken. Every story has its beginning
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Rob Parson at Morgan Stanley Performance Evaluation Process Write Up What is your assessment of Rob Parson’s performance? Should he be promoted? You can’t make an omelet without breaking an egg….This seems to be the Rob Parson approach to handling business. While there is certainly no denying that Parson is unparalleled in his ability to deliver results; his overall demeanor and approach to others contradict everything that Morgan Stanley is trying to stand for. Morgan Stanley aims to establish
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causation. We can take the argument deeper and relate the decision making of G.M. to the Garbage Can model proposed by Cohen and March because we also see the problem of fluid participation of G.M.’s decision makers. During the crisis, G.M. appealed to the U.S. Congress for financial aid. And when the Bush administration pumped US$13.4b into G.M. in November 2008, the administration, therefore, became one of G.M.’s biggest stakeholders (or bondholders),
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largest conglomerate in Trinidad and Tobago and the Caribbean, is the worst financial shock experienced by the region to date. Today, more than two years later, its devastating effects are still being felt as the government continues to struggle with the bailout to stabilize the financial system, mitigate contagion risk, and resolve the CLICO crisis. Even one year after the bailout, there was still no resolution of the crisis. In view of the intractable nature of the CLICO collapse, the People’s Partnership
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errors in the market price be unbiased, i.e., that prices can be greater than or less than true value, as long as these deviations are random. Very simply an efficient financial market do not allow investors to earn above-average returns without accepting above-average risks. Fama first defined the term "efficient market" in financial literature in 1965 as a market with a large number of profit-maximizers "with each trying to predict future market values" and "information is almost freely available
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FEBRUARY 1999 The Asian Economic Crisis This paper considers the economic crisis that began in the financial markets of South East Asia in 1997 and the consequences for the economies of the region and the rest of the world. The paper provides a chronology of and explores the factors that led to the crisis. An overview is given of the policy measures that the international financial institutions (IFIs), such as the IMF, have taken to deal with the crisis. Some of the arguments and policy proposals
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discourage individual countries from pursuing policies that would beggar their neighbors and eventually themselves. The desire to improve on the international chaos of the 1930s led to the Bretton Woods Conference in 1944, and an attempt to devise a financial system which would provide a more permanent and acceptable framework for international transactions. It was intended that the emerging Bretton Woods system would generate benefits for international trade in the form of stable (though not necessarily
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Research Paper Matthew Emery memery@capella.edu BUS3004 Developing a Business Perspective Lynn MacBeth 08/12/2012 Too Big to Stay Introduction A financial institution so interwoven in the fabric of the national economy that its failure could cause a massive ripple effect is deemed “too big to fail”. Unfortunately for the taxpayers, their hard earned dollars are the only thing between salvation and failure for these companies. Poor management or industry instability can ruin any business
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Chinese Yuan The Chinese national economy is probably the most powerful nowadays. At least, it is the main antagonist to the American economy. A lot of experts tend to call it as the main driver of renewal of the world’s economy after the global financial crisis. A reasonable question is what the preconditions of such powerful status are. In our opinion, these preconditions are the following. First of all, it is cheap labor force. Moreover, the country has a lot of labor force, more than any other country
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