THE UNIVERSITY OF THE WEST INDIES (CAVE HILL) CAMPUS FACULTY OF SOCIAL SCIENCES DEPARTMENT OF ECONOMICS FINA3010 – SUPERVISED RESEARCH PROJECT How Has The International Monetary Fund Impacted the Caribbean Business Environment? Student Name: William Franklyn April 1st, 2014 ID#:407002804 Professor: Mr. Wilberne Persuad Contents Introduction: 3 Literature Review: 4 Background: 4 Further look at the IMF: 4 The World Bank: 5 Loans
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discussing the mechanism of currency attacks in an emerging market. There are three following stages that lead an economy to full financial crisis. 1. Initiation of financial crisis 2. Currency crisis 3. Full-fledged financial crisis Stage 1: Initiation of Financial Crisis The reasons that leads an emerging market country towards financial crisis initiation includes the first two basic paths and some additional factors and they all make the problems of moral hazard and adverse selection
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The Asian Economic Crisis The Asian Economic Crisis of 1997 was a regional debacle that stirred and involved practically the rest of the world. It was a unique economical situation that no one expected or suggested. The southeastern Asian countries, such as Thailand, South Korea and Indonesia were financially sound and satisfied all the criteria that economists proclaimed necessary to maintain order and progress. However, economists and the rest of the world did not see the breaches in the
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Topic: PIIGS (European debt crisis) 吳宇綸D0131292 劉昱顯D0131156 王謙 周雋彥D0125599 Contents 1. Introduction 2. Overview of the European sovereign debt problem 3. Relief measures of the European sovereign debt crisis 4. European debt crisis 5. Conclusion 6. References I. Introduction The PIIGS is a group that composed of five countries that have some commonality in location and economic environments. In this case, PIIGS includes
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US Financial Crisis US Financial Crisis This paper aims to describe the US Financial Crisis in terms of causes, impact, and remedial actions taken by the public and private sectors. It presents the thesis that the financial crisis is also a crisis of values that prompts a reevaluation of the premises of American capitalism. In particular, that prosperity is the foundation of peace and order. A review of literature provides the basis for a short commentary on the subject. Preliminary review
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medical care and should be a cause for serious concern. At first, the health care industry saw rising premiums as only a temporary backlash from a couple of lawsuits with multimillion dollar jury awards. Therefore, health care administrators, insurance companies, and public officials worried little about planning for the snow-balling crisis that exists today. People blame greedy lawyers and generous juries for the problem; however, I feel that more than one cause led to our current situation.
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Establishment of the Euro Zone and the introduction of the Euro 2 3.0 Key Causes of the European Financial and Economic Crises 3 4.0 The Start and Progression of the European Debt Crisis 5 5.1 Greece 6 5.2 Portugal 6 5.3 Italy 7 5.4 Spain 7 5.5 Ireland 8 5.6 Iceland 9 5.0 Measures Taken (so far) to Combat the Debt Crisis (European Level) 10 6.7 European Financial Stability Facility (EFSF)
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country located in the far eastern region of Asia. The country is a centre of economic activity, culture and arts (www.korea.net, 2014). As of 2013, the total population of South Korea is 50.2 million, out of which 25 million resides in Seoul Capital area. They are one of the countries with the highest population densities worldwide (www.statista.com, 2014). After the Korean War (1950-1953), the country achieved incredible economic growth in a very short period of time, known as “Miracle on the Han River”
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that were suffering from economic deficit. Countries that are facing economic and financial problems, and are affected with the economic crisis, should be supported by the IMF, but there are some conditions in order to take that support and help, as well as the IMF have policies that works through. Members of IMF are 188 countries; these countries have the right to get helped from the program. IMF track the situations of the member companies and if they find any economic difficulties they help the
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at cut rate prices in the aftermath of a fire” (Shleifer 2011). In the fields of economics and finance, “fire sale” has been adopted to describe the distressed sales of assets at prices well below their true value. This deviation of asset price is a key amplifier during financial crisis and often acts as a contagion, spreading illiquidity problems to firms in similar industries (Caballero 2009). In the 2008 crisis, large losses for a bank would force this bank to sell assets at distressed prices
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