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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Abstract This paper would discuss the effect of external debt on economic growth with four areas, the effect on private local investment, foreign direct investment, government expenditure and export growth. Three theoretical models are adopted, namely Debt Overhang Theory, Liquidity Constraint Hypothesis and Crowding-out Effect respectively. Two policy implications on debt relief and debt restructuring are analyzed. And finally, the paper will include the discussion on the necessary tradeoff with
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children grow up in a world conducive to developing their God-given potential and dreams. Not all children are given equal opportunity. "Their economic and social development will be primarily influenced by the opportunities their parents, community, and society provide" (Lindsey, 2009, p. 3). What defines childhood poverty? The Organization for Economic Cooperation and Development (OECD) defines child poverty as "a child is deemed to be living in relative poverty if he or she is growing up in
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reality shown through the segregation of class, race and ethnicity, unhappiness in the home, and the failure of public education. Immigrants during the Industrial Revolution were exposed to unjust treatment and stifled growth in society, women in the 1950s faced an identity crisis spawning from the materialized idea of perfection, and at the turn of the century public education showed poor performance on the worldwide scale. The industrial revolution marked a turning point in the history of the
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Wealth index was a proxy for long-term standard of living in the household. DHS constructed it by the data of household ownership of consumer goods. Husband’s and women’s education attainments were categorized as incomplete primary education or none, completed primary or some secondary education, and completed secondary education or higher. We made an interaction term of working status and wealth status to add into a caliculation. Regarding to ANC status, the frequency of ANC visits (under 4 times and
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lack of financial literacy, in addition to unchecked mortgage and investment industries. To fend off further economic mishaps, school districts have been compelled to teach financial literacy. While there is broad agreement on the importance of teaching financial education and capability to children and youth, there is little agreement about what constitutes effective financial education and capability initiatives. Without regulation, curriculum is taught differently in every school and can be outdated
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phenomenon. Humans have colonized the entire world and penetrated its remotest areas. Migration is taking place within very different contexts: f.e. military conquest, refugees, expulsion or enslavement. But migrants have also traveled in search of economic opportunities, new settlement areas or trade routes. Currently approximately 216,000,000 people are living away from their place of birth. This number equals about 3% of the world population. Analyzing the reasons for migration one distinguishes
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Is the education system working for everyone or just a select few? Is the system that is in place only working for the up class and singling out minorities? The educational system can have its flaws in the learning outcome of students that come from lower income families and neighborhoods. After researching some information on the problems of the American Dream and the issues of the reasons to the outcome of the future of the educational system. In the article From Linda Darling-Hammond “Unequal
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UNIVERSITY OF FINANCE AND ECONOMICS SCHOOL OF INTERNATIONAL TRADE AND ECONOMICS Introduction The purpose of this essay is to present a comparison between the Moroccan economy and the Chinese economy in broad lines. The comparison will focus on the analysis of the economies sectors, their respective current account balances and the business environment in each of both countries. Thesis Although both economies are quite different regarding their economy ’s structures and economic growth patterns, it
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