Crisis Communication Crisis communication is specialized communication of the firm or institution in an exceptional situation where the stability, safety or reputation is endangered by negative publicity or crisis incidents. Its aim is to prepare and distribute effective communication or eliminate negative publicity. It represents a set of measures, rules, procedures creating and scenarios that may occur in a given society. Without these rules and procedures crisis often turns into a disaster.
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11 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
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BDFM 7053 GLOBAL ECONOMIC THEORY AND ISSUES UUM-Rezzen KL Third Semester May Session 2013/2014 Prof Dr. K. Kuperan Viswanathan SHORT PAPER #1 INTERDEPENDENCE OF WORLD FINANCIAL MARKETS AND FOREIGN EXCHANGE FLUCTUATIONS Submitted by: ZAHARIN BIN ALI MATRIC No. 95906 June 14, 2014 Short Paper #1 Page |2 1. INTRODUCTION With the increase in advancements in transportation and communications made possible by technology, the world has seen exponential growths in economic ties among all
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his 12th book “Aftershock: The next Economy and America’s future” from presenting well known cause of 2008 economic crisis: ““For too long,” Geithner says, referring to the period leading up to the financial bust, “Americans were buying too much and saving too little.” However, soon it becomes clear that Reich has different point of view what really happened in the wake of the one of the worst economic crisis in world’s history. Author starts his argument by looking back to America’s history and analyzing
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unethical decisions in causing the financial crisis, we will start by defining ethics. Ethics can be defined as rules of behavior based on ideas about what is morally good and bad. In every profession, each person has to abide by codes of ethical standards for that profession. So with regards to the financial crisis individuals acted in an unethical manner which eventually aided in the great recession. In analyzing the sources of the problem in the financial crisis, such as poor risk controls, too much
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WITH | PERAK COLLEGE OF TECHNOLOGY DEGREE IN MANAGEMENT (TECHNOLOGY) SUBJECT: ULAB3162 ENGLISH FOR PROFESSIONAL PURPOSES TOPIC: ANALYSIS OF MALAYSIA’S ECONOMIC CRISIS 2015 PREPARED BY: TUN MUHAMMAD FALIQ AIZAT 900711-08-6343 PREPARED FOR: MISS YASOTHA DATELINE: 7/12/2015 ANALYSIS OF MALAYSIA’S ECONOMIC CRISIS 2015 A Tough Year This year has seen changes across the entire spectrum of the Malaysian body politic and economy. Unlike in earlier years of Prime Minister Dato’
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blame for the financial crisis? What should business school do to help prevent similar crisis in the future? The financial crisis, a serious economic recession, has caused some destructive effects to many countries around the word. Now many people begin intensely to find out who should take the responsibility to this phenomenon. Some people aim their spear at business schools. Those people maintain that business schools are supposed to entail the global financial crisis. They also claim that the
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The Russian financial crisis occurred on August 17, 1998, exacerbated by the global recession caused by the Asian financial crisis in 1997. Russia was highly dependent on exports of raw materials, with petroleum, natural gas, metals and timber accounting for more than 80% of its exports. With the drop in global demand, prices of those commodities began to decline. This resulted in an impact on its foreign exchange reserves since Russia had a fixed exchange rate regime during this period of time,
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Throughout the history and even today we often hear about the term financial crisis. Every day on the news we can hear about the financial crisis in some countries and how they are trying to prevent it or to get out of it. Especially about the financial crisis in Greece. So what exactly is financial crisis? There have been a lot of definition of what financial crisis is, but they all agree in one thing financial crisis appears when some institution or assets suddenly lose a large part of their
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an era of economic uncertainty is an abysmal proposition that many of us thought improbable. However, we find ourselves in the midst of the worst financial quagmire since the Great Depression of the 1920’s. Across the United States, businesses are down-sizing and even closing the doors of peripheral branches. In realizing that there is no way to return to a period of economic prosperity America once enjoyed, it is important to look at the causes of its demise. While there are myriad causes for America’s
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