Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and to seek comments and suggestions for further analysis. The views expressed are the author’s alone and do not necessarily correspond to those of the European Commission. Comments and enquiries should be addressed to: European Commission Directorate-General for Economic and Financial Affairs Publications B-1049 Brussels
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Greece and the fiscal crisis in the EMU Willem H. Buiter Chief Economist, Citigroup Ebrahim Rahbari Economist, Citigroup 07-09-2010 1 Abstract The paper analyses the sovereign debt crisis in Greece and other Euro Area countries and the response of the national authorities, the EU institutions (including the ECB) and the IMF. We use economic and political economy perspectives and consider both positive and normative aspects of the crisis and the policy responses. Authors: Willem
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Table of Contents Introduction 3 Reaction to the Crisis 4 Would prices recover and sustain the pre-crisis level? 6 Fiscal Policy in Piñera’s Government 7 Codelco, the Chilean Company 8 What would Piñera and his finance minister Felipe Larraín do once they were in office? 9 Conclusion 10 Bibliography 11 Introduction The Chilean economy faced a very important challenge when the price of copper dropped in 2008 cause of the global meltdown. Considering Chile is the largest
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new field to Jules Kroll. He must do a lot of preparations to meet the requirements — a large amount of qualified experts, which would be a key to success; interest from users and issuers; NRSRO designation; investors who can help developing the financial viability of the project. Startup companies lack the geographical reach and industry expertise of the established players. It is costly and time consuming to recruit prominent staff of credit rating industry, and it is also hard for Kroll to attract
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developed countries and some developing countries have had and the negative impacts some developing nations have experienced. After that, the essay discusses reasons for these two different results. It is argued that globalization has brought economic, financial, technological and social benefits to western industrialized nations and some developing countries. However, the majority of developing countries may not receive these benefits in the current adverse situations. Globalization has various definitions
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Do you believe that the US government treated some financial institutions differently during the crisis? Was that appropriate? The issue faced by Lehman Brothers is just a consequence of bad decisions from many parties involved. The fact that this investment bank had been the only one that didn't receive any governmental help, begs the question why the US government did not struggle to let Lehman Brothers survive. Many issues were out of control. Merrill Lynch, another major investment bank, was
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Financial Analysis Bossini International Holdings Ltd. Siddharth Joshi Katherine Lee Cho Yan Wang Marc Jutras Wing Him Yeung March 30, 2011 TABLE OF CONTENTS EXECUTIVE SUMMARY ............................................................................................................ 1 INTRODUCTION .......................................................................................................................... 2 Company Overview ..............................................
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area. The late crisis has incited a genuine disintegrating of open assets in for the most part industrialized countries. Governments in the moved countries left the retreat with the most bewildering setback and commitment to-Total national output extents since World War II. In the euro area, lack and commitment numbers surged. As showed by the European Commission, the euro zone general government insufficiency extended from 2.0% of Total national output in 2008 to 6.0% of GDP in 2010. The euro locale
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n ce (H on ou r s) 2010 CHAPTER ONE INTRODUCTION 1.1 Introduction Stock market is a place for listed companies to raise capital .Companies can use the capital for continuing operating activities and expand business. However, the investors are explained to get a positive return from dividend and capital gain in the stock market. Based on the history, the economic condition will influence stock market. For instances, Malaysia faced deflation during the Asian crisis in years 1997. It caused
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Administration Autumn 2010 Abstract Master thesis in business administration, MBA Program, School of Management, Blekinge Institute of Technology, fall of 2010. Author: Christos Kakazoukis Supervisor: Urban Ljungquist Title: How macro environmental forces affect business buying behavior after a recession: A case study of the second hand truck business. Keywords: Buying behavior, customer behavior, financial crisis, trucks, PESTEL Background and problem: The financial crisis has had a deep impact
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