volatility during the financial crisis In Group with Mr Duchemin and Mr Melloul Benjamin CNUDDE Introduction: The world of finance is from now global and has huge repercussions all over the planet as we could see during those last years of the recent recession. The subprime crisis triggered in the United States during the second half of 2006 has quickly turned into an international financial crisis with huge repercussions on the European financial markets. Banks and financial intermediaries were
Words: 2351 - Pages: 10
Theoretical and Applied Economics VolumeXX (2013), No. 10(587), pp 23-32 A new vision on competitiveness within the post-crisis economy. Causes, evoiutions and possibie innovative soiutions to fight against the undesirable effects of the economic crisis Laura Mariana CISMAÇ West University Timisoara laura.cismas@feaa.uvt.ro Ruxandra Ioana PITORAC West University Timiçoara ruxandrapitorac@gmail.com Abstract. The main objective of this paper is to highlight the need for promoting a new vision
Words: 3332 - Pages: 14
by business, banks and government which as a result has led to the financial meltdown that we are still experiencing today. Financial institutions, specifically Bank of America, engaged in predatory lending practices, poor acquisitions with Countrywide and Merrill Lynch, and faulty balance sheet management in which have all contributed to the collapse of the U.S. economy. Not to mention, corporate greed, the increase in financial hits on their customers and the fact that they are against any federal
Words: 1829 - Pages: 8
Has banking deregulation contributed to the current economic crisis and if so how? Can advertising (or) marketing (or) public relations help restore trust in the banks? Most of the world has been affected by what has been called the global recession. Banking deregulation is undeniably the main cause of the financial crisis. This essay is going to demonstrate why this is by covering key events, which have lead to the crisis, and highlighting some possible marketing solutions to the trust issue
Words: 1538 - Pages: 7
According to the financial analysis, investors or corporations can be aware of corporation’s performance in the current year or pass. Generally, investors and managers will go through different data to measure by corporation’s profitability ratio, liquidity ratio, gearing ratio and investment ratio. All of this ratio will lead them to understand corporation’s current position, operational efficiency, and financial situation, perdition of profitability and growth prospect through financial analysis. It
Words: 2653 - Pages: 11
INDEX INTRODUCTION …………………………………………………………....p.2 2. INTRODUCTION TO THE CRISIS .…………………………………...p.4 3. THE FINANCIAL AND CONSTRUCTIVE CAUSES. ………………...p.5 4. CONSEQUENCES 4.1. FINANCIAL MARKETS 4.1.1. 2007 ………………………………………………………….p.9 4.1.2. 2008 ………………………………………………………….p.11 4.2. CONSTRUCTIVE BUBBLE ……………………………………...p.12 5. GOVERNMENT INTERVENCION ON… 5.1. FINANCIAL INSTITUTIONS FEDERAL RESERVE AND CENTRAL BANKS ………………..p.19 5.1.2. EMERGENCY ECONOMIC
Words: 7538 - Pages: 31
An account of UK unemployment over the past 5 years Unemployment is a widely discussed problem, especially in recent years when the rate of unemployment has grown rapidly, mainly because of the global financial crisis of 2007-2009. The loss of a job is probably one of the most distressing events that could occur in the overall economy and in a person's life. This is a change not only in an economic sense, but in a psychological too. People inevitably depend on their earnings and a job loss
Words: 1827 - Pages: 8
attention to the European economic development. Due to the fact that countries have various financial policies and complex national conditions, it seems that Eurozone faced more difficult challenges when the financial crisis happened (Auditor General of the Swedish National Audit Office, 2010). For instance, the subprime crisis in 2008 shocked the whole European economy. Then in 2009, the sovereign debt crisis happened in Greece made the entire world economic unstable. The Eurozone keeps low rate
Words: 1481 - Pages: 6
They tend to raise the government’s expenditure, increase money supply and lessen the amount of tax paid by the citizens (Andrews, 2009). In 2007, a global financial predicament rapidly metamorphosed from the bursting of the property bubble in the United States to the most horrible recession ever witnessed on the planet. This paper will research on the causes of the 2008-2009 economic predicament and the policies executed by various key people liable for saving the U.S. economy. It will also explain
Words: 2214 - Pages: 9
Original Article How to ‘mark-to-market’ when there is no market Received (in revised form): 12th December 2010 Samuel Francis is an attorney and certified public accountant experienced in corporate, litigation, audit and tax matters focusing his practice on financial services and investment management. He holds a BS in accounting from the City University of New York, Brooklyn College and a JD from Fordham University School of Law. He is the author of the 2009 award-winning article ‘Meet
Words: 6287 - Pages: 26
