financial crisis in the united states



Financial Crisis Inquiry Commission The Financial Crisis Inquiry Report. FULL Final Report (Includiing Dissenting Views) Of The National Commission On The Causes Of The Financial And Economic Crisis In The United States Financial Crisis Inquiry Commission The Financial Crisis Inquiry Report. FULL Final Report (Includiing Dissenting Views) Of The National Commission On The Causes Of The Financial And Economic Crisis In The United States Новинка

Financial Crisis Inquiry Commission The Financial Crisis Inquiry Report. FULL Final Report (Includiing Dissenting Views) Of The National Commission On The Causes Of The Financial And Economic Crisis In The United States

** This official edition contains more than 100 pages of dissenting views not printed in the commercial version ** In the wake of the most significant financial crisis since the Great Depression, President Obama signed into law an Act that established the Financial Crisis Inquiry Commission to "examine the causes, domestic and global, of the current financial and economic crisis in the United States. This bipartisan Commission was given a critical non-partisan mission - to examine the causes of the financial crisis that has gripped the country and to report its findings to the Congress, the President, and the American people.In the course of its research and investigation, the Commission reviewed millions of pages of documents, interviewed more than 700 witnesses, and held 19 days of public hearings in New York, Washington, D.C., and communities across the country that were hit hard by the crisis. Its final report includes the results of the Commission's inquiry and the Commission's conclusions as to the causes of the financial crisis based on this inquiry.
Bent Greve The Times They Are Changing? Crisis and the Welfare State Bent Greve The Times They Are Changing? Crisis and the Welfare State Новинка

Bent Greve The Times They Are Changing? Crisis and the Welfare State

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The Times They Are Changing? Crisis and the Welfare State presents a series of readings from international policy researchers that examine the effects of the recent financial crisis on welfare states around the world. Provides comprehensive and in depth coverage of changes in welfare states as a result of the financial crisis Reveals how the financial crisis is changing our perception of the welfare states Features contributions from policy researchers and academics from around the world
Hussein Alasrag Global Financial crisis and Islamic finance Hussein Alasrag Global Financial crisis and Islamic finance Новинка

Hussein Alasrag Global Financial crisis and Islamic finance

The world economy is currently facing a severe global crisis that has spilled from the financial sector to the real economy. The crisis can be traced back to July 2007 with the liquidity crisis due to the loss of confidence in the mortgage credit markets in the United States. The hope was that the crisis would be restricted to financial markets, with few repercussions on the real economy and the rest of the world. This hope was shattered in September 2008 as the crisis entered an acute phase, with strong downward fluctuations in the stock markets, substantially reduced rates of economic growth, and accompanied by increases in unemployment. The severity of this crisis has led to the evaluation of the foundations of the capitalist financial system and the search for ideas and solutions.Islamic economists contend that Islamic finance has an alternative that would prevent the recurrence of a similar crisis. This paper tries to note the main causes and the impacts of the financial and economic crisis.In addition to discuss the belief that the Islamic finance is a viable alternative to the ailing global financial system.
Gbolahan Alashiri Global Financial Crisis and the Nigerian Petroleum Sector Gbolahan Alashiri Global Financial Crisis and the Nigerian Petroleum Sector Новинка

Gbolahan Alashiri Global Financial Crisis and the Nigerian Petroleum Sector

In 2007, the mortgage crisis in the United States of America affected financial markets and later developed into a global financial crisis.The crisis quickly spilled over to contents including Africa.initially, policy makers in Nigeria believed the Nigerian economy was insulated but sooner, the effect on the economy started manifesting(in the second quarter of 2008).One of the sectors seriously affected by the financial crisis was the oil sector which contributes largely to the economy of Nigeria. Nigeria is basically regarded as a mono economy relying heavily of export of crude oil.for some time now, crude oil contributes at least 60% of the entire nations revenue rising to over 80% at some point. The financial crisis led to a significant decline in the price of crude oil.This development significantly reduce the revenue accruing to the Nigerian Government. this work examined the extend of the impact of the recent financial crisis on the the Nigerian oil sector.
Katrin Meier The current financial crisis in the United States Katrin Meier The current financial crisis in the United States Новинка

Katrin Meier The current financial crisis in the United States

Diplomarbeit aus dem Jahr 2009 im Fachbereich BWL - Wirtschaftspolitik, Note: 1,0, Georg-Simon-Ohm-Hochschule Nürnberg, Sprache: Deutsch, Abstract: The current financial crisis, which started in the Unites States, has dominated the headlines all around the world since summer 2007 and especially after Lehman Brothers' breakdown in September 2008. Wall Street legends like Bear Stearns, Merrill Lynch or Citigroup as well as insurance and mortgage giants like AIG, Fannie Mae or Freddie Mac had to either go out of business or were bailed out by the U.S. government. What started as a subprime crisis in the beginning soon turned to a global financial crisis and then changed to a worldwide recession.Governments around the world try to fix their financial system and to restore economic health. (...) The current crisis in the U.S. has parallels with a range of other crisis such as the Great Depression or the U.S. Savings and Loans crisis. Rogoff and Reinhart, for instance, compared the current crisis with a wide range of other crises (2008) However, The Economist (2009d), Posen (2009), Kobayashi (2008b), Koo (2008), Krugman (2009d) and Nakamae (2008) are just few of many well-known authors who state that Japan's experience in the 1990s is the most suitable for serving as a reference to the United States. Despite many differences between both crises, I agree with Koo who points out that the U.S. is "extremely fortunate" to have the opportunity to learn from Japan's e...
Silvia Weißmacher Proposals for the Regulation of Venture Capital and Private Equity after the Financial Crisis Silvia Weißmacher Proposals for the Regulation of Venture Capital and Private Equity after the Financial Crisis Новинка

Silvia Weißmacher Proposals for the Regulation of Venture Capital and Private Equity after the Financial Crisis

Studienarbeit aus dem Jahr 2010 im Fachbereich BWL - Investition und Finanzierung, Note: 2,0, Technische Universität München, Sprache: Deutsch, Abstract: In this seminar paper, I demonstrate and evaluate proposals for the regulation of VC and PE including HF in Germany, Europe and the United States (US) after the global financial crisis. In the first chapter of the main part, I describe the impacts of the financial crisis on PE and VC. In the second part, a short overview of the present regulatory framework in Germany, Europe and the United States is presented. The core of this seminar paper will be chapter 4, 5 and 6 in which proposals and its assessment for a regulation of PE and VC after the financial crisis are exposed, especially the so-called Alternative Investment Fund ManagerDirective (AIFMD), an European initiative to regulate fund manger's activities. Further, the estimation of the AIFMD by the European PE and VC Association (EVCA), the "Bundesverband Deutscher Kapitalbeteiligungsgesellschaften (BVK)" and the international press will offer an all-embracing appraisal. With an executive summary, I conclude my seminar paper.
Robert Kolb W. Lessons from the Financial Crisis. Causes, Consequences, and Our Economic Future Robert Kolb W. Lessons from the Financial Crisis. Causes, Consequences, and Our Economic Future Новинка

Robert Kolb W. Lessons from the Financial Crisis. Causes, Consequences, and Our Economic Future

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The world's best financial minds help us understand today's financial crisis With so much information saturating the market for the everyday investor, trying to understand why the economic crisis happened and what needs to be done to fix it can be daunting. There is a real need, and demand, from both investors and the financial community to obtain answers as to what really happened and why. Lessons from the Financial Crisis brings together the leading minds in the worlds of finance and academia to dissect the crisis. Divided into three comprehensive sections-The Subprime Crisis; The Global Financial Crisis; and Law, Regulation, the Financial Crisis, and The Future-this book puts the events that have transpired in perspective, and offers valuable insights into what we must do to avoid future missteps. Each section is comprised of chapters written by experienced contributors, each with his or her own point of view, research, and conclusions Examines the market collapse in detail and explores safeguards to stop future crises Encompasses the most up-to-date analysis from today's leading financial minds We currently face a serious economic crisis, but in understanding it, we can overcome the challenges it presents. This well-rounded resource offers the best chance to get through the current situation and learn from our mistakes.
Jan-David Blaese International Institutions and the Power of the Eu. How Has It Been Affected by the Financial Crisis. Jan-David Blaese International Institutions and the Power of the Eu. How Has It Been Affected by the Financial Crisis. Новинка

Jan-David Blaese International Institutions and the Power of the Eu. How Has It Been Affected by the Financial Crisis.

Power shifts happened several times throughout history, but they do not occur frequently and are often connected with the use of force. Presently, there is a power shift from the western industrialized states, e.g., from member states of the European Union (EU), to Asian states, in particular China. However, in spite of this growth, it is disputed to what extent the rise of these economies already transcended into power and how it will develop in the future.What is clear by now is that the recent global financial and economic crisis was the worst one in post World War II history. The crisis emerged in the United States and then spread to the EU and to other countries. It led to quickly rising public debt levels in western industrialized states.During this time, states like China or India extended their participation within global economic governance foras, such as the International Monetary Fund (IMF) or the G20. This raises the question of how the power of the European Union within these international institutions was affected by the crisis? The purpose of this publication is to research this question.Consequently, the examination is situated within the domain of the global financial and economic crisis, the shift of power and the power of the EU in international institutions. In order to give an answer to the above stated question, the power shift in international institutions during the time of crisis is to be assessed. The IMF and the G20 are analyzed in depth in order to...
Jasmin Meyer Subprime Crisis and its Impacts on the Economies of Chile and Austria Jasmin Meyer Subprime Crisis and its Impacts on the Economies of Chile and Austria Новинка

Jasmin Meyer Subprime Crisis and its Impacts on the Economies of Chile and Austria

Financial crises have existed at all times. Let us just think back to the biggest crisis ever in the year 1929, the Great Depression. The current financial crisis began as a real estate crisis in the United States of America in summer of 2007. About one year later, the crisis had spread over the whole world. This crisis is said to be the biggest since the Great Depression in 1929. Due to globalization and the interconnectedness of markets, soon the whole world got negatively affected by the current financial crisis. Among others, Chile and Austria had to register sharp economic slowdowns. The objective of the author is it to define which country will be more affected of the current crisis: Chile, the emerging economy that was said to be very well prepared to face the crisis; or Austria, the rich and well-developed, European economy?
Katja Philipps Paradigm Shift or Groundhog Day. Katja Philipps Paradigm Shift or Groundhog Day. Новинка

Katja Philipps Paradigm Shift or Groundhog Day.

Master's Thesis from the year 2013 in the subject Politics - International Politics - Region: Western Europe, grade: 2,0, University of Twente (School of Management and Governance), language: English, abstract: The United Kingdom has been at the epicentre of the global financial crisis erupting in 2007. The City of London's global interconnectedness as well as the long-established culture of regulatory self-independence triggered a near meltdown in the British banking system. Next to the immediate consequences for the British economy as a whole, the financial crisis led to a fundamental change of direction in national economic policies and destabilized a system of politics that had governed financial regulation in the UK for over two decades. The Thatcher administration had replaced the decaying manufacturing industry with a finance-led service sector and hence made the City of London the centrepiece of a self-ruling world based on the principles of privatisation and deregulation. The banking crash in September 2007, however, destroyed the illusion that an economic system which relied on light-touch financial regulation to promote the international competitiveness of the City was competent at the job of securing financial stability. The scale and prolonged effects of the financial crisis provided the central backdrop to the general election in May 2010. The financial crisis spurred ad-hoc policy responses around the globe and energized efforts to strengthen financial ...
Ashok Bardhan Global Housing Markets. Crises, Policies, and Institutions Ashok Bardhan Global Housing Markets. Crises, Policies, and Institutions Новинка

Ashok Bardhan Global Housing Markets. Crises, Policies, and Institutions

A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response.
Tafa Besarta Islamic Finance, An alternative solution to financial crisis Tafa Besarta Islamic Finance, An alternative solution to financial crisis Новинка

Tafa Besarta Islamic Finance, An alternative solution to financial crisis

This book is the product of the Master Thesis Diploma in Canadian Institute of Technology. It is an empirical analysis consisting on a comparison between a sample of Islamic Banks and a sample of Conventional Banks. Financial ratios are used in order to comply with this comparison.The emphasize is in the years of the Financial Crisis, in order to show the ability of Islamic Banks to cope with such a crisis.
Richards Macdonald The Financial Crisis and its Impacts on Greece Richards Macdonald The Financial Crisis and its Impacts on Greece Новинка

Richards Macdonald The Financial Crisis and its Impacts on Greece

Bachelor Thesis from the year 2012 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, The University of Chicago, language: English, abstract: In 2008, the world witnessed economic turndown of the most dangerous nature since the Great Depression of the 1930s. It all began in 2007 when high home prices in the United States turned downward that spread quickly to the entire US financial sector and then to financial markets globally. The overall casualty in the United States included the biggest insurance company, the entire investment banking industry, the largest mortgage lender, two of the largest commercial banks and the largest savings and loan. The impact of downfall in the United States had a huge impact globally and specifically the European countries. The worst hit country by financial turn down was Greece (Salas et al, 2010). Greece even before joining the Euro was living beyond its means. After adopting single currency, public spending soared. Between 1999 and 2007, public wages increased by 50%, faster than most of the countries in Eurozone. The government also hosted 2004 Athens Olympics and piled up debt. The debt in Greece kept soaring till the point where the country was no longer able to repay its debts. Greece was forced to ask for help from the IMF and European parts in the form of massive loans (Shiller, 2008). This research analyzes the global financial crisis and its impacts on Greece. It analyzes the austerity meas...
Andrew Leyshon Money and Finance After the Crisis. Critical Thinking for Uncertain Times Andrew Leyshon Money and Finance After the Crisis. Critical Thinking for Uncertain Times Новинка

Andrew Leyshon Money and Finance After the Crisis. Critical Thinking for Uncertain Times

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Money and Finance After the Crisis provides a critical multi-disciplinary perspective on the post-crisis financial world in all its complexity, dynamism and unpredictability. Contributions illuminate the diversity of ways in which money and finance continue to shape global political economy and society. A multidisciplinary collection of essays that study the geographies of money and finance that have unfolded in the wake of the financial crisis Contributions discuss a wide range of contemporary social formations, including the complexities of modern debt-driven financial markets Chapters critically explore proliferating forms and spaces of financial power, from the realms of orthodox finance capital to biodiversity conservation Contributions demonstrate the centrality of money and finance to contemporary capitalism and its political and cultural economies
Tulus Tambunan Global Economic Crisis and ASEAN Economy Tulus Tambunan Global Economic Crisis and ASEAN Economy Новинка

Tulus Tambunan Global Economic Crisis and ASEAN Economy

This book is about the global economic crisis occurred in the period 2008-2009 with the reference to the economy of member countries of the Association of Southeast Asian Nations (ASEAN). The main reason that this book focuses on ASEAN is simply because since 1990 until today the region has been hit by two big economic crisis. The first one was known as the Asian financial crisis happened in 1997-1998, which is considered merely as a regional economic crisis since it was originated within the region and its has not really produced a global economic recession. The second one was that in 2008-09, which started first in 2007 as a huge financial crisis in the United States (US) and then spread worldwide. The experiences with these two big economic crises strongly suggest that the economy of many ASEAN member countries, especially Indonesia, Thailand, Malaysia, Singapore and the Philippines is vulnerable to any economic shocks; although the level of vulnerability to economic crises may vary by country.
Veronica Hagenfeldt European financial regulation and supervision and the onslaught of the financial crisis Veronica Hagenfeldt European financial regulation and supervision and the onslaught of the financial crisis Новинка

Veronica Hagenfeldt European financial regulation and supervision and the onslaught of the financial crisis

Scientific Essay from the year 2009 in the subject Law - European and International Law, Intellectual Properties, grade: Distinction, University of Edinburgh (School of Law), course: Regulatory governance in the European Union, language: English, abstract: The aim of this paper is threefold: first to establish how the regulatory and supervisory architecture has evolved in Europe over the last decade; second to determine how the shortcomings of the present system affected the onslaught of the financial crisis in Europe; and lastly to evaluate whether the proposed regulatory and supervisory reforms are likely to successfully repair these weaknesses. Part I identifies that the single market objective, combined with the significant integration of European financial services, provided the major impetus for bringing about reform to the regulatory and supervisory architecture of Europe. By investigating the Financial Services Action Plan (FSAP) and the implementation of the Lamfalussy Process, this paper illustrates that the member states and the EU institutions sought to achieve a flexible regulatory and supervisory structure marked by cooperation and conversion towards common standards. However, despite the commendable progress made, Part II shows that the regulatory and supervisory system has not kept pace with the financial integration, and that the current crisis revealed substantial inadequacies of the present system. This paper will demonstrate that the weaknesses in the Euro...
Ludwig Chincarini B. The Crisis of Crowding. Quant Copycats, Ugly Models, and the New Crash Normal Ludwig Chincarini B. The Crisis of Crowding. Quant Copycats, Ugly Models, and the New Crash Normal Новинка

Ludwig Chincarini B. The Crisis of Crowding. Quant Copycats, Ugly Models, and the New Crash Normal

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A rare analytical look at the financial crisis using simple analysis The economic crisis that began in 2008 revealed the numerous problems in our financial system, from the way mortgage loans were produced to the way Wall Street banks leveraged themselves. Curiously enough, however, most of the reasons for the banking collapse are very similar to the reasons that Long-Term Capital Management (LTCM), the largest hedge fund to date, collapsed in 1998. The Crisis of Crowding looks at LTCM in greater detail, with new information, for a more accurate perspective, examining how the subsequent hedge funds started by Meriwether and former partners were destroyed again by the lapse of judgement in allowing Lehman Brothers to fail. Covering the lessons that were ignored during LTCM's collapse but eventually connected to the financial crisis of 2008, the book presents a series of lessons for hedge funds and financial markets, including touching upon the circle of greed from homeowners to real estate agents to politicians to Wall Street. Guides the reader through the real story of Long-Term Capital Management with accurate descriptions, previously unpublished data, and interviews Describes the lessons that hedge funds, as well as the market, should have learned from LTCM's collapse Explores how the financial crisis and LTCM are a global phenomena rooted in failures to account for risk in crowded spaces with leverage Explains why quantitative finance is essential for every financial institution from risk management to valuation modeling to algorithmic trading Is filled with simple quantitative analysis about the financial crisis, from the Quant Crisis of 2007 to the failure of Lehman Brothers to the Flash Crash of 2010 A unique blend of storytelling and sound quantitative analysis, The Crisis of Crowding is one of the first books to offer an analytical look at the financial crisis rather than just an account of what happened. Also included are a layman's guide to the Dodd-Frank rules and what it means for the future, as well as an evaluation of the Fed's reaction to the crisis, QE1, QE2, and QE3.
Jeff Cox Debt, Deficits, and the Demise of the American Economy Jeff Cox Debt, Deficits, and the Demise of the American Economy Новинка

Jeff Cox Debt, Deficits, and the Demise of the American Economy

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What investors can do to protect their investments in the next phase of the ongoing global economic collapse The United States is heading toward an unavoidable financial catastrophe that will paralyze the markets and the overall economy in ways never before seen. Some call this impending economic catastrophe a double-dip recession, others a financial Armageddon. Regardless of what it's called, it is too late to stop it. Debts, Deficits, and the Demise of the American Economy is a look at how we got here, how the crisis is unfolding, and how it will end with a stock market crash in 2012, if not sooner. Takes you through the unraveling of the collapse, starting with a wave of sovereign debt defaults in Europe Predicts a stock market decline of two to three thousand points, a run on banks resulting in a major bank crisis, and rampant inflation Provides investment strategies, including alternative investments such as timber, farm land, and oil Offers a detailed proposal to get the United States out of the crisis Debts, Deficits, and the Demise of the American Economy is a must-read, play-by-play account of the worldwide depression that is likely to unfold in the coming years.
Lars Kristian Øren When Systems Create Crises Lars Kristian Øren When Systems Create Crises Новинка

Lars Kristian Øren When Systems Create Crises

Even though the American subprime crisis of 2007 took many people by surprise, financial and banking crises are not new phenomena. They have occurred in most developed and developing countries for centuries. Because bank failures threaten the financial stability of an economy as well as spread economic uncertainty generally, banking crises are of great concern to policymakers. When Systems Create Crises discusses the role political institutions play in creating banking crises. Through the presentation of four case studies covering banking crises in the United States and Japan from the 1920s to the 1990s, Øren argues that similar institutional developments are present in each case. Increased competition in capital markets and the loosening of financial regulation have characterized the political institutions in the periods leading to crises. This book stresses the importance of developing proper political institutions in order to prevent future crises.
Barry Ritholtz Bailout Nation. How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Barry Ritholtz Bailout Nation. How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Новинка

Barry Ritholtz Bailout Nation. How Greed and Easy Money Corrupted Wall Street and Shook the World Economy

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An engaging look at what led to the financial turmoil we now find ourselves in Bailout Nation offers one of the clearest looks at the financial lenders, regulators, and politicians responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of today's most popular economic bloggers and a well-established industry pundit, this book skillfully explores how the United States evolved from a rugged independent nation to a soft Bailout Nation-where financial firms are allowed to self-regulate in good times, but are bailed out by taxpayers in bad times. Entertaining and informative, this book clearly shows you how years of trying to control the economy with easy money has finally caught up with the federal government and how its practice of repeatedly rescuing Wall Street has come back to bite them. The definitive book on the financial crisis of 2008 Names the culprits responsible for this tragedy-from financial regulators to politicians Shows how each bailout throughout modern history has impacted what happened in the future Examines why the consumer/taxpayer is left suffering in an economy of bubbles, bailouts, and possible inflation Ritholtz operates a hugely popular blog, www.ritholtz.com/blog Scathing, but fair, Bailout Nation is a voice of reason in these uncertain economic times.
Julia Katharina Jansen The Financial Cost of Capital Punishment in the United States of America Julia Katharina Jansen The Financial Cost of Capital Punishment in the United States of America Новинка

Julia Katharina Jansen The Financial Cost of Capital Punishment in the United States of America

Bachelor Thesis from the year 2011 in the subject Business economics - Law, grade: 1,0, Berlin School of Economics and Law, language: English, abstract: Awareness surrounding the financial burden of capital punishment is increasing and slowly beginning to permeate the American Society. However, not enough light has been shed on the sources that are causing the financial devastation. The death-is-different legal doctrine in the United States grants procedural protection that is unique for capital litigation providing individual consideration for each case. The paper investigates the price increase by capitally adjudicating a case compared to a non-capital litigation. Looking at the economic side of the impact of legal statutes should contribute to the discussion about choosing alternative punishments, such as life incarceration without the possibility of parole, and the systems' improvement prospects or the lack thereof. In the aftermath of a severe economic crisis and with ongoing financial solvency crises of interdependent nations, cost cutting considerations become all the more essential. Further, it is "Time to consider whether maintaining the costly death penalty system is being smart on crime" by briefly looking into where the money could be invested instead in order to achieve an equivalent effect. In short, the paper aims at ascertaining the financial cost of capital punishment and how the discoveries can impact jurisprudence. The central questions are the ...
Daniel Schuck The Monetary Policy of Central Banks before and during the Crisis Daniel Schuck The Monetary Policy of Central Banks before and during the Crisis Новинка

Daniel Schuck The Monetary Policy of Central Banks before and during the Crisis

Master's Thesis from the year 2014 in the subject Economics - International Economic Relations, grade: 1,2, University of Applied Sciences Saarbrücken (Faculty of Business and Economics), language: English, abstract: The Federal Reserve System and the European Central Bank were both forced to implement unconventional monetary policy measures as a response to the severe impact of the global financial crisis and its aftermath. In the first stage of the global financial crisis, the conventional and unconventional monetary policy measures implemented by the Federal Reserve System and the European Central Bank were fairly similar. Both central banks focused on providing the banking sector with liquidity in order to restore interbank lending as it was a key element of ensuring a functional monetary transmission mechanism. However, when the global financial crisis transformed to a sovereign debt crisis in the euro area in 2010, the European Central Bank faced increasing divergence in sovereign spreads and the potential insolvency of euro area Member States. Therefore, its unconventional monetary policy measures focused on credit easing by purchasing sovereign as well as covered bonds in order to improve banks' and governments' funding costs. By contrast, the Federal Reserve System massively purchased government bonds and focused on decreasing interest rates and asset prices through the use of quantitative easing.
Panagiotis Papadopoulos Recovery of Financial Markets and Institutions and Challenges in Post-Crisis Era Panagiotis Papadopoulos Recovery of Financial Markets and Institutions and Challenges in Post-Crisis Era Новинка

Panagiotis Papadopoulos Recovery of Financial Markets and Institutions and Challenges in Post-Crisis Era

Research Paper (postgraduate) from the year 2011 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 70%, University of Westminster (Westminster Business School), course: MSc Finance and Accounting/ MSc International Finance, language: English, abstract: This coursework examines the effects which the financial crisis from 2007 to 2009 had in financial markets and institutions. Particularly, we are deeply analyzing the impact in the Stock Markets in the USA and Europe. We will concentrate on US stock market (S&P 500) and provide an incessant brief link to European stock markets such as FTSE 100 and DAX. The financial crisis from 2007 to 2009 is considered by many economists to be the worst crisis since the Great Depression of the 1930s. Furthermore, the use of monetary and fiscal policies and regulatory reforms is observed as well as what where the implications of these actions. Additionally, a discussion concerning the prospects of financial regulatory and the implications for the financial sector and economic growth are of great importance. To sum up, new trends and developments of the financial landscape and new challenges for partici-pants are discussed.
Colin Jones Property Boom and Banking Bust. The Role of Commercial Lending in the Bankruptcy of Banks Colin Jones Property Boom and Banking Bust. The Role of Commercial Lending in the Bankruptcy of Banks Новинка

Colin Jones Property Boom and Banking Bust. The Role of Commercial Lending in the Bankruptcy of Banks

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A fascinating analysis of the critical role commercial property investment played in the economic boom and bust during the global financial crisis The unprecedented financial boom stretching from the mid-1990s through 2008 ultimately led to the deepest recession in modern times and one of the slowest economic recoveries in history. It also resulted in the emergence of the draconian austerity policies that have swept across Europe in recent years. Property Boom and Banking Bust offers an expert insight into the complex property market dynamics that contributed to the Great Financial Crisis of 2008 and its devastating economic consequences. It is the first book to focus on a woefully underreported dimension of the crisis, namely, the significant role that lending on commercial property development played in the crisis. Among other key topics, the authors explore the philosophical and behavioral factors that propelled irresponsible bank lending and the property boom; how it led to the downfall of the banks; the impact of the credit crunch on the real estate industry generally in the wake of the financial crisis; the catastrophic effects the property bust had on property investors, both large and small; and how the financial institutions have sought to recover in the wake of the financial crisis. Provides valuable insights into what happened in previous booms and busts, particularly in the 1970s and 1980s, and how they compare with the most recent one Offers an expert assessment of the consequences of the global financial crisis for the banking system and the commercial property industry Examines strategies banks have used to recover their positions and manage the overhang of indebtedness and bad property assets Addresses strategies the real estate industry have used to recover from the collapse in property values Written in an accessible style, and featuring numerous insider case accounts from property bankers, Property Boom and Banking Bust disentangles the complex, tightly-woven factors that led to the Great Financial Crisis of 2008, while offering powerful lessons for property industry professionals on how to avoid having history repeat itself.
John Boatright R. Ethics in Finance John Boatright R. Ethics in Finance Новинка

John Boatright R. Ethics in Finance

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The third edition of Ethics in Finance presents an authoritative and wide-ranging examination of the major ethical issues in finance. This new edition has been expanded and thoroughly updated with extensive coverage of the recent financial crisis and the very latest developments within the financial world. Substantially updated new edition with nearly 40% new material, including sections on credit cards, mortgage lending, microfinance, risk management, derivatives, and securitization Includes coverage and references to the recent financial crisis and the very latest developments within the financial world Focuses on the practical issues that confront finance professionals, policy makers, and consumers of financial services Cites examples of the scandals that have shaken public confidence in Wall Street and world financial markets Includes numerous examples throughout to illustrate the concepts and issues described within the text
Sergey Vladimirovich Gorneev The Stock Grail Disclosing the Secret. A Practical Guide Sergey Vladimirovich Gorneev The Stock Grail Disclosing the Secret. A Practical Guide Новинка

Sergey Vladimirovich Gorneev The Stock Grail Disclosing the Secret. A Practical Guide

WHY IT BECAME NECESSARYTO WRITE THIS BOOKCurrently social and financial crisis has engulfed the world.WAYS TO OVERCOMEOvercoming the financial crisis by participating in trading with the use of highly stable method of profit-making on the stock and OTC markets.So, let’s start the way of understanding the deepest mysteries of life…
Allan Malz M. Financial Risk Management. Models, History, and Institutions Allan Malz M. Financial Risk Management. Models, History, and Institutions Новинка

Allan Malz M. Financial Risk Management. Models, History, and Institutions

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Financial risk has become a focus of financial and nonfinancial firms, individuals, and policy makers. But the study of risk remains a relatively new discipline in finance and continues to be refined. The financial market crisis that began in 2007 has highlighted the challenges of managing financial risk. Now, in Financial Risk Management, author Allan Malz addresses the essential issues surrounding this discipline, sharing his extensive career experiences as a risk researcher, risk manager, and central banker. The book includes standard risk measurement models as well as alternative models that address options, structured credit risks, and the real-world complexities or risk modeling, and provides the institutional and historical background on financial innovation, liquidity, leverage, and financial crises that is crucial to practitioners and students of finance for understanding the world today. Financial Risk Management is equally suitable for firm risk managers, economists, and policy makers seeking grounding in the subject. This timely guide skillfully surveys the landscape of financial risk and the financial developments of recent decades that culminated in the crisis. The book provides a comprehensive overview of the different types of financial risk we face, as well as the techniques used to measure and manage them. Topics covered include: Market risk, from Value-at-Risk (VaR) to risk models for options Credit risk, from portfolio credit risk to structured credit products Model risk and validation Risk capital and stress testing Liquidity risk, leverage, systemic risk, and the forms they take Financial crises, historical and current, their causes and characteristics Financial regulation and its evolution in the wake of the global crisis And much more Combining the more model-oriented approach of risk management-as it has evolved over the past two decades-with an economist's approach to the same issues, Financial Risk Management is the essential guide to the subject for today's complex world.
Janine Evangelista An Examination of the Cuban Missile Crisis in terms of Allison and Zelikow.s Conceptual Models Janine Evangelista An Examination of the Cuban Missile Crisis in terms of Allison and Zelikow.s Conceptual Models Новинка

Janine Evangelista An Examination of the Cuban Missile Crisis in terms of Allison and Zelikow.s Conceptual Models

Seminar paper from the year 2018 in the subject Politics - International Politics - General and Theories, grade: 1,3, University of Lisbon (Faculty of Social and Human Sciences), course: North American Policy, language: English, abstract: The Cuban Missile Crisis symbolizes a real showdown between two superpowers - the United States and the Soviet Union. Until today, the puzzling events occurred in the crisis prompt numerous questions, particularly in the scientific area. This research paper, therefore, aims the conduction of illustrating the main happenings during the crisis in order to be able to analyze them by using the three Conceptual Models developed by Graham T. Allison and Philip Zelikow. Allison and Zelikow use these models to give an adequate explanation of how the process of decision-making proceeds, taking the crisis as a case study and answering three main questions: Why did the Soviet Union decide to place offensive missiles in Cuba? Why did the United States respond to the missile deployment with a blockade? Why did the Soviet Union withdraw the missiles? For a better evaluation, this research paper thus, contextualizes firstly the Cuban Missile Crisis by explicating occurrences in the Cold War. Secondly, the suspenseful thirteen days during the Cuban Missile Crisis will be illuminated. Thirdly, in the last chapter, the models are outlined and used to answer the three puzzling questions stated above.
Robert Sarvik, Peter Houli Lessons from the Financial Crisis Robert Sarvik, Peter Houli Lessons from the Financial Crisis Новинка

Robert Sarvik, Peter Houli Lessons from the Financial Crisis

The financial crisis has been demanding for a majority of organisations, institutions and nations across the globe. Many factors have influenced the situation and how it was handled. This thesis analyses the way organisations have interpreted and handled the financial crisis from a communicative perspective with emphasis on management. With a starting point in issues and crisis management, three international organisations are analysed - KIA, Citroën, and UBS - and the way the've handled the financial crisis as well as how media have portrayed them. Theories defining the fields today are compared to how they are practiced in reality. The analysis of the theories demonstrates discrepancies between what is written in literature and how it is actually practiced. The three organisations have had different presuppositions and have handled the situation differently. This has enabled us to contribute and revise theories during the analysis, adding possibilities for the development of the fields by merging or at least clarifying a stronger link between issues and crisis management.
Javier Villar Burke Weathering the Storm. The Financial Crisis and the EU Response, Volume II: The Response to the Crisis Javier Villar Burke Weathering the Storm. The Financial Crisis and the EU Response, Volume II: The Response to the Crisis Новинка

Javier Villar Burke Weathering the Storm. The Financial Crisis and the EU Response, Volume II: The Response to the Crisis

Weathering the Storm explores the factors leading up to the recent global financial and economic crisis, how the crisis unfolded, and the response of European and national authorities. The book describes the rationale behind the measures undertaken to mitigate the consequences of the recession and to ensure that a similar situation does not happen again in the future. In the wake of the crisis, various major changes continue to significantly affect the life and social organization of Europeans. For instance, a new ESM with a size financially comparable to that of the IMF was created; similarly, the reforms in economic governance imply much more intrusive participation of European countries in each other's macroeconomic policies. Moreover, the organization, regulation, and supervision of the financial sector have been drastically revamped. The decisions taken by European and national authorities affect the daily lives of hundreds of millions of European citizens and countless more around the globe. An insightful read for anyone interested in understanding the topic and its effect on their lives, the book primarily addresses undergraduate students in their final year and graduate students in fields such as economics, finance, and political science. The main messages are explained through examples and charts.
Klaus Veigel The Asian Financial Crisis Klaus Veigel The Asian Financial Crisis Новинка

Klaus Veigel The Asian Financial Crisis

Inhaltsangabe:Abstract: “Macroeconomic stability and rapid export growth were the two key elements in starting the virtuous circles of high rates of accumulation, efficient allocation, and strong productive growth that formed the basis for East Asia’s success.” (World Bank, 1993). Public perception of the Asian economies could hardly have shifted more since that time. Currency depreciation, rising corporate bankruptcy, bank failures, and sovereign bonds downgraded to junk bond status ended the euphoria in Asian “emerging markets“. Almost overnight, the reputation of the Newly Industrialized Countries (NICs) in East and South East Asia deteriorated from a model of efficient development to an example of worst „crony capitalism“. Politicians, rating agencies, and investors were caught off guard by the development of the Asian financial crisis. During the meeting of the Asia-Pacific Economic Co-operation forum (APEC) in November 1997, U.S. President Bill Clinton referred to the financial crisis in Asia as merely „a few small glitches in the road“. Moody’s and Standard and Poor’s had upgraded the Philippines’ long term debt rating a few months earlier and downgraded the affected economies only when the crisis persisted for more than three months. Com-paring Thailand’s situation to Mexico’s economy prior to the peso crisis 1994-1995, the Morgan Stanley star analyst Barton Biggs wrote in January 1997:“Thailand’s problems are cyclical, not secular. Thailand is not Mexico in late1994....
Antonio Sa Nchez Serrano Financial Crisis Antonio Sa Nchez Serrano Financial Crisis Новинка

Antonio Sa Nchez Serrano Financial Crisis

How did we get into this deep financial crisis? Why ""Europe is different""? Is it enough with an increase in the capital requirements of banks? Are incentives of everybody in the financial system aligned with the common good? Are policies aiming at the right target? What should be done to mitigate the effects of this crisis? And to prevent the next one?To this and to many other questions, we try to answer in this book, written in a didactic way which also those with no economic background can understand and follow.
Paul L. Chen-Young The Entrepreneurial Journey in Jamaica. When Policies Derail Paul L. Chen-Young The Entrepreneurial Journey in Jamaica. When Policies Derail Новинка

Paul L. Chen-Young The Entrepreneurial Journey in Jamaica. When Policies Derail

The Entrepreneurial Journey in Jamaica: When Policies Derail describes the collapse of Jamaica's domestic financial sector in the 1990s through the eyes of one who experienced it head-on. Tracing this autobiographical journey into his professional and business life, Dr. Chen-Young has had an outstanding professional career, which culminated when he established the Eagle Merchant Bank in 1982, a pioneering company that led to the Eagle financial group of companies. This largely successful business venture eventually collapsed in 1997, when a financial crisis hit Jamaica, wiping out virtually all of the domestic financial entities.Dr. Chen-Young takes his readers through Eagle's humble beginnings, its financial heyday, and the company's eventual demise. With expert analysis and firsthand experience, Chen-Young examines the circumstances and the financial policies of the 1990s that led to the financial crisis in Jamaica and its crushing aftermath. He also includes court submissions regarding lawsuits filed against him by government agencies in Jamaica, so that the public can be fully informed of the facts and legal issues surrounding these cases.About the AuthorDr. Paul Chen-Young began his career with the World Bank in 1966, and then moved into senior management positions in Jamaica at the Development Finance Corporation, Lai Corporation, and Workers Savings and Loan Bank. He started his own business in 1975 with an economic and financial consulting firm, Chen-Young...
Javier Villar Burke Weathering the Storm. The Financial Crisis and the EU Response, Volume I: Background and Origins of the Crisis Javier Villar Burke Weathering the Storm. The Financial Crisis and the EU Response, Volume I: Background and Origins of the Crisis Новинка

Javier Villar Burke Weathering the Storm. The Financial Crisis and the EU Response, Volume I: Background and Origins of the Crisis

Weathering the Storm explores the factors leading up to the recent global financial and economic crisis, how the crisis unfolded, and the response of European and national authorities. The book describes the rationale behind the measures undertaken to mitigate the consequences of the recession and to ensure that a similar situation does not happen again in the future. In the wake of the crisis, various major changes continue to significantly affect the life and social organization of Europeans. For instance, a new ESM with a size financially comparable to that of the IMF was created; similarly, the reforms in economic governance imply much more intrusive participation of European countries in each other's macroeconomic policies. Moreover, the organization, regulation, and supervision of the financial sector have been drastically revamped. The decisions taken by European and national authorities affect the daily lives of hundreds of millions of European citizens and countless more around the globe. An insightful read for anyone interested in understanding the topic and its effect on their lives, the book primarily addresses undergraduate students in their final year and graduate students in fields such as economics, finance, and political science. The main messages are explained through examples and charts.
Azim Mohammad, Subramanian Manoj Kumar Global Financial Crisis, Directors. Remuneration and Performance Azim Mohammad, Subramanian Manoj Kumar Global Financial Crisis, Directors. Remuneration and Performance Новинка

Azim Mohammad, Subramanian Manoj Kumar Global Financial Crisis, Directors. Remuneration and Performance

A substantial and influential literature demonstrates conflicting evidence that director remuneration is either positively or negatively correlated with corporate performance. In some instances, studies suggested to have no link between director remuneration and corporate performance. Research interest in this topic has been further fuelled with the collapse of many multinational banks during the recent global financial crisis. In this research, a re-examination of the link between director remuneration and firm performance in the big four Australian banks is being conducted. We used both financial data and non-financial data. Financial data is retrieved from databases such as Aspect Fin Analysis and banks' annual report and non-financial data retrieved from various newspaper and other available publications. Overall this we found there is no relationship between director remuneration and firm performance in the big four banks for the period pre, during or post Global Financial Crisis. These findings also hold true with a lag and lead years and goes on to suggest that the relationship between the director remuneration and performance dosen't forge a link in the long term as well.
Anthony Saunders Credit Risk Management In and Out of the Financial Crisis. New Approaches to Value at Risk and Other Paradigms Anthony Saunders Credit Risk Management In and Out of the Financial Crisis. New Approaches to Value at Risk and Other Paradigms Новинка

Anthony Saunders Credit Risk Management In and Out of the Financial Crisis. New Approaches to Value at Risk and Other Paradigms

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A classic book on credit risk management is updated to reflect the current economic crisis Credit Risk Management In and Out of the Financial Crisis dissects the 2007-2008 credit crisis and provides solutions for professionals looking to better manage risk through modeling and new technology. This book is a complete update to Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms, reflecting events stemming from the recent credit crisis. Authors Anthony Saunders and Linda Allen address everything from the implications of new regulations to how the new rules will change everyday activity in the finance industry. They also provide techniques for modeling-credit scoring, structural, and reduced form models-while offering sound advice for stress testing credit risk models and when to accept or reject loans. Breaks down the latest credit risk measurement and modeling techniques and simplifies many of the technical and analytical details surrounding them Concentrates on the underlying economics to objectively evaluate new models Includes new chapters on how to prevent another crisis from occurring Understanding credit risk measurement is now more important than ever. Credit Risk Management In and Out of the Financial Crisis will solidify your knowledge of this dynamic discipline.
Patrick Kemtzian Finance and Psychology - A never-ending love story.. Behavioural Finance and its impact on the credit crunch in 2009 Patrick Kemtzian Finance and Psychology - A never-ending love story.. Behavioural Finance and its impact on the credit crunch in 2009 Новинка

Patrick Kemtzian Finance and Psychology - A never-ending love story.. Behavioural Finance and its impact on the credit crunch in 2009

In the last decades many financial crises have emerged, like the stock crash of 1987, the Asian crisis in 1997 and the global financial crisis that started in 2008. Although those crises occurred for different reasons, they all proved financial markets to be inefficient. Not all traders think rationally. Behavioural patterns cause irrationality amongst traders. Even after decades of research in this field, financial crises like the latest one in 2008 still develop out of a combination of different behavioural patterns like herding. As a consequence those patterns deserve an in-depth analysis that is conducted by the author in this work.In order to find out to what extent behavioural finance influences the decision -making process of traders and investors the seven most relevant behavioural patterns have been identified and analysed through qualitative research in form of primary research. The informal interview with the sophisticated trader Thomas Vittner serves as empirical evidence for the significance of the determined behavioural patterns. To find out, whether public investors and traders showed a herding behaviour towards analysts' stock recommendations in the financial crisis and its recovery, quantitative research has been made by conducting an experiment. Stocks performances in relation to analysts' recommendations were analysed and evaluated.The author's selected behavioural patterns are influencing traders' and investors' decision-making processe...
Ronald C. Arnett, Sarah M. DeIuliis, Matthew Corr Corporate Communication Crisis Leadership. Advocacy and Ethics Ronald C. Arnett, Sarah M. DeIuliis, Matthew Corr Corporate Communication Crisis Leadership. Advocacy and Ethics Новинка

Ronald C. Arnett, Sarah M. DeIuliis, Matthew Corr Corporate Communication Crisis Leadership. Advocacy and Ethics

Corporate Communication Crisis Leadership: Advocacy and Ethics addresses strategic moments of leadership during corporate communication crises. This work examines the interplay of issue, argument, conflict, and crisis in eventual organizational success or failure. This book explicates the performative consequences of inadequacy in crisis leadership. With investigation of the 2010 British Petroleum oil spill off the southern coast of the United States.
Matthias Langer Discussing the recent developments in the Brazilian economy with regard to a more efficient international financial architecture promoted by the G-22 Matthias Langer Discussing the recent developments in the Brazilian economy with regard to a more efficient international financial architecture promoted by the G-22 Новинка

Matthias Langer Discussing the recent developments in the Brazilian economy with regard to a more efficient international financial architecture promoted by the G-22

Inhaltsangabe:Abstract:In this paper these approaches will be discussed in the light of the Brazilian development trying to encounter contagion and systemic imbalances in its economic structure. Brazil as the biggest country, geographically and economically, is the most important country to be supervised and strengthened to prevent financial turmoil in Latin America. The chapters IV. 1. and IV.2. will discuss in detail implemented policies and adjusted financial infrastructures to forestall a deep crisis situation and analyze the means to encounter and restructure economical-financial deficits in the infrastructure of Brazil. Chapter IV.3. will discuss policies and institutional arrangements improving crisis management on a more general level with regard to the Latin American emerging markets. In all, this work will give a short overview on recent developments and difficulties lying ahead in strengthening the international financial architecture with reference to emerging market developments.Inhaltsverzeichnis:Table of Contents:I.Introduction1II.Economy of Brazil21.History and Background to Brazil's Economy22.Recent Developments in the Brazilian Economy7III.Discussing the Recommendations of the G-22 Towards a New International Financial Architecture with Regard to Brazil101.Transparency and Accountability101.1The private sector111.2National authorities171.3International financial institutions262.Strengthening Financial Systems302.1Strengthening corporate governance and ri...
Zamir Iqbal The Stability of Islamic Finance. Creating a Resilient Financial Environment for a Secure Future Zamir Iqbal The Stability of Islamic Finance. Creating a Resilient Financial Environment for a Secure Future Новинка

Zamir Iqbal The Stability of Islamic Finance. Creating a Resilient Financial Environment for a Secure Future

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The Stability of Islamic Finance main focus is on the question of the sources of financial instability which seems inherent in the conventional system. As a core component of this focus, the book will consider episodes of turbulence and instability in a historical context recalling the occurrence of such events from mid-19th century to the present. It will present various theoretical explanations along with solutions and alternative financial systems that avoid instability provided by various scholars dating back to mid-19th century to present. The book then will present and discuss the architecture of an Islamic financial system and show that at its core, this system shares many characteristics of an stable financial system proposed by Western scholars throughout history to avoid the inherent instability of the present dominant system. Particular emphasis will be placed on the present financial crisis and its causes as well the financial crisis of the 1997 in Southeast Asia, Russia, and Latin America relating these episodes to the fundamental features of the dominant system. The debt crisis of the low income countries will also be part of this discussion. It will then argue that these crises could be mitigated under an Islamic system or any other system with similar architecture.
Ahmed Harfouf Credit Rating Agencies. Still credible. Ahmed Harfouf Credit Rating Agencies. Still credible. Новинка

Ahmed Harfouf Credit Rating Agencies. Still credible.

Research Paper (undergraduate) from the year 2011 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 2:0, Kingston University London, language: English, abstract: The research is covering the three major credit rating agencies(S&P, Moody's and Fitch) and their involvement in the 2008 economic crisisThe worldwide financial crisis has thrust credit rating agencies into the spotlight. The purpose of this study was to investigate the Credit Rating Agencies credibility after the crisis and the role they play in the global investment and financial markets. Another aim was to find out how the Credit Rating agencies were implicated in the crisis. Finally an explanation of the different aspects of rating process was given in the study. As an explanatory research, a case study analysis method was applied. This method was carried out by opting for a documentary analysis which relies highly on qualitative data. This research initiative currently under consideration can be seen as an effort to summarise the current reputation of Credit Rating Agencies and answer the question whether their credibility was affected or not. The results of the study discover that the credibility of Credit rating agencies was affected by the financial crisis, and this was due to its implication in this crisis by implying a non accurate methodology process for products assessment. The principal conclusion was that the credit rating agencies had a slight loss on t...
Daniel Lacalle Life in the Financial Markets. How They Really Work And Why They Matter To You Daniel Lacalle Life in the Financial Markets. How They Really Work And Why They Matter To You Новинка

Daniel Lacalle Life in the Financial Markets. How They Really Work And Why They Matter To You

An accessible and thorough review of the international financial markets Life in the Financial Markets—How They Really Work And Why They Matter To You offers the financial services professional, and anyone interested in knowing more about the profession, an entertaining and comprehensive analysis of the financial markets and the financial services industry. Written by Daniel Lacalle—a noted portfolio manager with EcoFin and well-known media personality—the book goes beyond a simple summary and offers solid advice on the future of the global financial markets. This great resource also includes a review of effective strategies and forecasts the trends that represent potential opportunities for investors. The book reviews the recent history of the financial crisis and includes information on hot topics such as derivatives and high frequency trading. An in-depth section on investment banking is written from the perspective of a successful practitioner and provides clarity on several complex and overly politicized elements of the banking system. The author gives an expert's perspective on the debt markets, monetary policies, and quantitative easing, and helps explain the various issues surrounding sovereign debt, the Euro crisis, and austerity versus growth policies. Comprehensive in scope, this resource also offers an analysis of investment styles, from hedge funds to «long only» investments, as well as an in-depth look at corporate communication and its impact on markets and investments. Offers an engaging and comprehensive analysis of the financial services industry Includes information on the workings of the global financial system following the economic crisis Contains a review of complex banking systems Analyzes the various investment styles and answers the most common questions pertaining to investing
Simon S. C. Tay Asia Alone. The Dangerous Post-Crisis Divide from America Simon S. C. Tay Asia Alone. The Dangerous Post-Crisis Divide from America Новинка

Simon S. C. Tay Asia Alone. The Dangerous Post-Crisis Divide from America

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An insightful examination of the changing relationship between Asia and the United States In this lucidly written and thought-provoking book, author Simon Tay highlights the accelerating trends that point to Asia increasingly forging its own path, independent of the United States. He also describes the fundamental changes and new policy directions needed to maintain and strengthen the bonds between Asia and the United States that have been beneficial to both since the end of the Second World War. On the eve of the global financial crisis of 2008, the economies of the United States and its Asian partners were deeply interdependent. But the different approaches taken to the crisis by Asian and Western leaders point to a new separation that may have negative consequences for the economies and businesses of both regions. To avoid a dangerous divide that may make us all the poorer, Tay reveals what leaders, policy-makers, companies, and citizens can do to find a balance that enriches us all. Written by a leading public intellectual CNN's Fareed Zakaria describes as «one of the most intelligent and reliable guides to the region» Touches on major issues in foreign policy and economics that will impact Asian nations and the United States over the near future Explains the changing nature of economic relations in the global economy For foreign policy followers, politicians, and businesspeople, Asia Alone charts a path forward—together.
Charles D. Ellis Stewardship. Lessons Learned from the Lost Culture of Wall Street Charles D. Ellis Stewardship. Lessons Learned from the Lost Culture of Wall Street Новинка

Charles D. Ellis Stewardship. Lessons Learned from the Lost Culture of Wall Street

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A compelling argument for why stewardship of wealth and service to others should be our highest financial priority Stewardship is the journey of financial insider John Taft towards understanding and affirming the importance of stewardship—which he has come to define as «serving others»—as a core principle for the financial services industry, the global financial system, and society at large. By defining the attributes of authentic stewardship, this book presents a path forward by analyzing the success of Canadian banks in weathering the financial crisis; evaluates the effectiveness of global financial reform efforts in making the financial system safer, sounder, and more secure; offers wealth management prescriptions for individual investors; evaluates the potential of ESG (environmental, social, and governance) investment processes as a way to instill stewardship behaviors among corporate CEOs (particularly at financial services firms); and, ultimately, calls for a return to stewardship's core principles as the key to not only minimizing the scope and consequences of future failures, but also to addressing other societal challenges. Argues for a return towards stewardship, with financial services companies doing right by their customers Analyzes the response of Canadian banks to the financial crisis to provide meaningful advice for investors and businesses alike Inspired by Taft's experience running one of the largest wealth management firms in the country during the financial crisis and his direct participation in subsequent legislative and regulatory efforts to rewrite the rules under which the U.S. securities industry operates From the man who made the decision to reimburse clients affected by the collapse of a money market mutual fund comes a compelling look at why financial service companies should start doing what's right for their customers.
Matthias Baumgarten Banks, Bailouts and Liberal Markets Matthias Baumgarten Banks, Bailouts and Liberal Markets Новинка

Matthias Baumgarten Banks, Bailouts and Liberal Markets

Essay from the year 2011 in the subject Economics - International Economic Relations, grade: 1,0 (78 %), University of Warwick (Politics and International Studies), course: International Political Economy, language: English, abstract: The power and instability of the financial system, fuelled by decades of deregulationand liberalization, have been demonstrated impressively by the current financialcrisis. Some commentators see in this system a disembedding of society and markets, predicting a new Polanyian 'double movement' that returns power to the state. However, the idea of the 'powerless state' is not applicable, as states consciously embedded their citizens in the financial markets in order to shift social welfare responsibilities to individual asset-owners. This gave financial markets control over financial dynamics, which was used to create profits through innovation and disproportionate risk-taking. As a consequence, small changes in financial variables caused the international financial crisis, and governments felt compelled to bailout overleveraged financial institutions deemed 'too big to fail'. Hyman Minsky described many of these developments in his 'financial instability hypothesis'. As bailouts are only temporary measures to uphold the status quo, he calls for increased state control over the financial markets in order to prevent excessive speculation in the future. Many regulatory proposals created following the onset of the cris...
Bari Khairov Business and polity (published in Russian) Bari Khairov Business and polity (published in Russian) Новинка

Bari Khairov Business and polity (published in Russian)

In the present study, the theoretical basis for the formation of cooperations between business and government is examined. The book shows an analysis of the situation on the Russian market of small and medium enterprises in times of financial crisis. The methodology of sociological research on the state of small and medium enterprises during the financial crisis is disclosed. The analysis presents the results of the survey of small and medium-sized enterprises in Russia during this crisis. In conclusion, the influence of the legal uncertainty and excessive regulation on the activity of Russian companies will be discussed.
Minassian Garabed, Stoyancheva Dimitrina Parameters of Contemporary Financial and Economic Crisis in Bulgaria Minassian Garabed, Stoyancheva Dimitrina Parameters of Contemporary Financial and Economic Crisis in Bulgaria Новинка

Minassian Garabed, Stoyancheva Dimitrina Parameters of Contemporary Financial and Economic Crisis in Bulgaria

Market economic reforms in Bulgaria began with a large-scale redistribution of capital in 1991, followed by a severe banking crisis in 1996. Within 15 months the national currency depreciated 30 times and prices rose 23 times. The situation was favorable for the introduction of a currency board and Bulgarian economy began a new life. However, the accelerated economic growth concealed the accumulation of excessive risks. The 2008 crisis revealed the full extent of cumulative effects. Looking for economic and banking stability the macroeconomic management implemented countercyclical policy measures, but the low demand, poor institutional reforms and uncertainty, both economic and political, was not resolved. Studying the parameters of contemporary economic crisis in Bulgaria the authors answer the following: What are the determinants of economic crisis in a financially stable banking system? How credit institutions transferred the exogenous financial shock to the local economy? What are and how to assess the regulatory measures effectiveness? And finally, is it permissible to speak about the financial and banking stability, provided that economic activity remained unstable?
Hansen Betsy The Origin of the Financial Adviser Profession Hansen Betsy The Origin of the Financial Adviser Profession Новинка

Hansen Betsy The Origin of the Financial Adviser Profession

This entertaining piece of economic history explores the early development of the financial adviser profession in the United States. A specialized profession emerged in the early part of the twentieth century when significant trends in the American economy, along with key technological and institutional changes, transformed investment markets in a way that encouraged the rise of the retail investor. Viewing the potential profits that could be made from an increasingly broad client base, insightful industry experts ventured into uncharted business territory to sell their services as financial advisers.
Kaushik Nandan Risk management in the light of current global financial meltdown Kaushik Nandan Risk management in the light of current global financial meltdown Новинка

Kaushik Nandan Risk management in the light of current global financial meltdown

Master's Thesis from the year 2009 in the subject Business economics - Business Management, Corporate Governance, University of Glasgow, course: M.Sc in Management, language: English, abstract: The study illustrates the poor risk management by financial institutions which have resulted in the global financial meltdown. The reality of practical risk management is much complex involving issues from regulations to innovations. There are a number of issues which are interconnected and financial innovations have tied everything together in such a way that it has created a huge systemic risk for the whole financial system. The evaluation of the failed risk management which was practiced in reality is the focus of this dissertation. The dissertation begins with the established risk management theories and different types of risks that can be identified. The models that are critiqued in the study are widely used by present financial institutions. The issue of subprime crisis which eventually led to the global financial meltdown is something not found directly in risk management theories. Further insight is provided with two case studies. Solution to the issue is deliberately not suggested as it would be another temporary solution before the next crisis. It is risk managers and top management who has to take rational decisions and carefully analyze their investment decisions.
Kim Schäfer Banking Portfolios and Banking Distress During the Great Depression in the U.S. Kim Schäfer Banking Portfolios and Banking Distress During the Great Depression in the U.S. Новинка

Kim Schäfer Banking Portfolios and Banking Distress During the Great Depression in the U.S.

Bachelor Thesis from the year 2015 in the subject Business economics - Economic and Social History, grade: 1,3, EBS European Business School gGmbH, language: English, abstract: The general structure of the United States' banking system played an immense role in most of the theories explaining the reasons for the financial crisis and its subsequent banking failures of the Great Depression. Therefore, the paper starts with a brief explanation of the American banking system, its importance and the general structure, in order to prove sound previous knowledge to better understand the following theories. In the third chapter a comprehensive overview of the financial crises during the Great Depression is given, all significant aspects that could have influenced or even triggered the financial crises are explained and defined, and different views of researchers are provided. The financial crisis' main focus of the Great Depression was on the extraordinary high banking failure rates and therefore the main objective of this paper is to investigate whether it would have been possible to forecast the high failure rates on the basis of the bank's balance sheets before the Great Depression or not. Therefore, a comprehensive definition, its emergence in connection with the Basel Accords, and different measurement methods are provided. Due to the fact that the economy has to face financial crises again and again it is time to figure out models that might forecast financial crisi...
The Financial Crisis The Financial Crisis Новинка

The Financial Crisis

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface.We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Tilman Strutz The Fading American Dream. The Occupy Movement as a Response to Economic Inequality in the American Society Tilman Strutz The Fading American Dream. The Occupy Movement as a Response to Economic Inequality in the American Society Новинка

Tilman Strutz The Fading American Dream. The Occupy Movement as a Response to Economic Inequality in the American Society

Bachelor Thesis from the year 2012 in the subject American Studies - Miscellaneous, grade: 1,0, University of Mannheim, language: English, abstract: Research has shown that social inequality is very apparent in today's US class structure and has even worsened within the last several decades. The researcher will argue that the Occupy movement was a response to the status quo of class inequality and growing wealth disparity. Along with the dissatisfaction caused by the entrenchment of social and economic inequality, the Occupy movement was further fueled by the breakdown of the United States' housing market, the bailout of financial institutions with tax money, and the global economic crisis from 2008 onward. These events directly affected countless families throughout the U.S. in the form of foreclosures, unemployment, and cuts in social programs. Ultimately, these economic failures even challenged the American majority's nearly limitless faith in the 'American-style capitalism,' i.e., a system based on laissez-faire economics.In order to present the Occupy movement as it relates to current economic and social conditions in the United States, the researcher will begin by analyzing the reality of American class structure and economic inequality, followed by a brief discussion of the financial crisis from 2008 to the present. The researcher will show that the crisis and pervasive influence of moneyed interests in the American political system has led to incre...
Tim Borneck The financial crisis. A crititcal analysis of its causes and consequences Tim Borneck The financial crisis. A crititcal analysis of its causes and consequences Новинка

Tim Borneck The financial crisis. A crititcal analysis of its causes and consequences

Seminar paper from the year 2015 in the subject Economics - Finance, grade: 1,7, University of Applied Sciences Essen, language: English, abstract: In 2007 the biggest financial crisis after the 'Great Depression' of 1939 took place. One theoretical framework explaining financial crises of that kind was envisioned by Hyman P. Minsky (1919-1996) in the latter half of the 20th century and was not considered in this context for a long time. The most prominent part of the theoretical framework, the financial instability hypothesis (FIH), emphasises that "modern capitalist system is prone to bouts of relative instability and financial collapse. When the storm in 2007 broke it was discovered again and the world began to talk about a 'Minsky moment'. Prominent economics called the theory a required reading and championed it as visionary. Therefore it is no surprise that the book about his FIH was traded at prices over 2000 US$ right after the financial crisis. Until the year 2007 the economic world followed another school of thought. The so-called neoclassic described a world in which financial crises would only occur if ex-ogenous shocks would disturb the self-regulating power of the markets. In detail this is called the efficient market hypothesis (EMH). In addition means this that financial crises caused by systemically reason are not part of the theoretical model.On the contrary, Minsky described a cyclical model which tries to implement loan rela-tionships, ...
Nurjadi Jason The Impact of Economic Condition on Consumer Buying Behaviour Nurjadi Jason The Impact of Economic Condition on Consumer Buying Behaviour Новинка

Nurjadi Jason The Impact of Economic Condition on Consumer Buying Behaviour

Case Study of PT. Mercedes-Benz Indonesia. This book examines the consumer behaviour of Mercedes-Benz sedans before and during the global financial crisis hit the automotive industry in Indonesia. Run Chart and paired sample t-test are used to identify any statistically significant patterns in the behaviour. Surprisingly, even though global financial crisis emerges and the purchasing power is declining, sales of Mercedes-Benz sedans increase
Sascha Huijsman The Impact of the Current Economic and Financial Crisis on Microfinance. Sascha Huijsman The Impact of the Current Economic and Financial Crisis on Microfinance. Новинка

Sascha Huijsman The Impact of the Current Economic and Financial Crisis on Microfinance.

The recent global macroeconomic crisis creates an exceptionally interesting possibility to investigate the linkages of the microfinance sector to mainstream markets and its connections with domestic markets as well as international markets - a subject whose significance has increased in recent years due to the growing importance of microfinance as part of local financial systems of developing countries and with more and more involvement of commercial investors. Sascha Huijsman's book is one of the very few studies on this relationship. She provides a rigorous analysis of the impact of the financial crisis on microfinance institutions (MFIs) by using data from a worldwide survey with MFI managers and utilising monthly financial data of almost 60 MFIs. Although microfinance-specific characteristics, such as socially oriented, highly committed investors and the nature of microfinance enterprises, which typically operate in the informal sector, so far nourished the assumption that MFIs were isolated from the impact of fluctuations on mainstream markets, Huijsman's study convincingly shows that through different linkages microfinance is to a certain extent connected to formal market movements Interestingly, however, it turns out there are considerable differences between the impact on MFIs in different regions; especially MFIs in Eastern Europe have been affected. Moreover, MFIs offering savings services to their clients turned out to be more resilient to the crisis. Huijs...
Jason M. Fields Stop Leaving Money on the Table Jason M. Fields Stop Leaving Money on the Table Новинка

Jason M. Fields Stop Leaving Money on the Table

This book is a compact guide about the need for financial planning and future investment in the African American community within the United States. My aim is to provide information and advice about financial literacy, psychology, and the important need to budget and invest for the future. African Americans may be leaving their future down to chance if they do not fully understand the need for self-improvement in financial literacy. There should be an established financial education from an early age to help combat the poor choices that are often made because of this financial illiteracy. You cannot blame a community if the people were never offered any sound financial advice in the first place. Therefore, my wish is to represent and inform African Americans about the benefits of complete financial understanding.
Benjamin Schmitt The impact of the current financial crisis on the German labour market Benjamin Schmitt The impact of the current financial crisis on the German labour market Новинка

Benjamin Schmitt The impact of the current financial crisis on the German labour market

Bachelor Thesis from the year 2009 in the subject Economics - Job market economics, grade: First Class, University of Hull, language: English, abstract: The years since the early 1970s are unprecedented in terms of the volatility in the prices of commodities, currencies, real estate and stocks, and the frequency and severity of financial crises (Kindleberger and Aliber).Many authors have already studied about reasons of the origin of financial crises and their impact on the economy concerned, since financial crises, in particular global ones and especially the current one affect all economic factors significantly. The economic growth slows down or even turns into a recession due to decreasing investments, affected by a significantly lower liquidity of companies and investors. All these factors also affect the GDP and the labour market of the economy concerned, in this case Germany, which economy has turned into a recession in February 2009. The subject of this paper has been chosen due to the present global relevance of the impact of a financial crisis on the labour market. The topic in particular has been chosen due to the fact that it is of worldwide relevance since the outbreak of the crisis analysed occurred on an unexpected scale, more precisely the worst of its kind since the Great Depression in the 1930s.The focus of this paper lies on the analysis of the current crisis in terms of the impact on the German labour market.
Thomas Bernhardt The European Alternative Investment Fund Managers Directive (Aifmd) Thomas Bernhardt The European Alternative Investment Fund Managers Directive (Aifmd) Новинка

Thomas Bernhardt The European Alternative Investment Fund Managers Directive (Aifmd)

The European Alternative Investment Fund Managers Directive (AIFMD) has been formulated as a response to the global financial crisis, which climaxed in the collapse of Lehman Brothers on 15 September 2008. The securitisation of real estate risks that came about by launching financial innovations such as asset-backed securities (ABS), mortgage-backed securities (MBS), collateralised debt obligations (CDO) or structured investment vehicles (SIV) contributed particularly to the fast worldwide circulation of 'poisoned' papers.Assuming that the financial crisis of 2008/2009 was the consequence of wrongfully set incentives that primarily concerned the fund managers' remuneration, the European Commission followed the ideas of Jacques de Larosière, Klaus-Heiner Lehne and Poul Nyrup Rasmussen and set the legal focus on the fund managers, as these entities launch and distribute financial products such as those mentioned above and also decide on the investment strategy that might bear systemic risks. Due to their financial market potential and in view of the design of financial products, these entities admittedly have a strong impact on the financial market development and may jointly be responsible for the realisation of systemic risks of transnational dimensions. In particular, in the view of a steady credit supply of the real economy, the enormous transnational mobility of capital and the global competition of financial market regulations, it seems doubtful whether one ca...
Robert Pozen Too Big to Save? How to Fix the U.S. Financial System Robert Pozen Too Big to Save? How to Fix the U.S. Financial System Новинка

Robert Pozen Too Big to Save? How to Fix the U.S. Financial System

Industry luminary Robert Pozen offers his insights on the future of U.S. finance The recent credit crisis and the resulting bailout program are unprecedented events in the financial industry. While it's important to understand what got us here, it's even more important to consider how we should get out. While there is little question that immediate action was required to stabilize the situation, it is now time to look for a long-term plan to reform the United States financial industry. That is where Bob Pozen comes in. Perhaps more than anyone in the industry, Pozen commands the respect and attention of the public and private sector. In this timely guide, he outlines his vision for the new financial future and provides actionable advice along the way. To Pozen, there are four high-priority problems that must be addressed, and this book puts them in perspective Analyzes alternative models for government stakes in banks Recommends a new board structure for large financial institutions Examines the importance of broader Fed jurisdiction over systemic risks Proposes a way to revive the securitization of loans With Too Big to Save, you'll learn the likely future of the finance industry and understand why changes have to be made.
Ulrich Sprenzel Innovation in Banking Ulrich Sprenzel Innovation in Banking Новинка

Ulrich Sprenzel Innovation in Banking

Master's Thesis from the year 2015 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1.3, Technical University of Munich (School of Management), course: Innovation and Business Creation, language: English, abstract: The impact of the financial crisis was a challenge for international and German banks and a test for the robustness of their business models. The consequences were stricter financial regulations introduced by Basel III and banks were forced to reduce proprietary trading and to refocus on traditional core banking business. Today supervisory authorities require sufficient and appropriate risk management systems to ensure financial stability and thus the internal operational complexity has increased and generates additional costs. In the aftermath of the financial crisis some banks are still struggling to regain competitiveness in combination with diminishing margins. In particular those banks are challenged with high dependency from interest income by deposit-financed retail banking business.In recent years financial technology companies, commonly known as FinTech, gained more importance in the financial industry and challenge banks and established business models. Digitisation is advancing in all industries and the music and media industry has already experienced a painful transformation process and a similar development is expected as well for the financial industry. Depending on how revolutionary the technological inn...

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A fascinating analysis of the critical role commercial property investment played in the economic boom and bust during the global financial crisis The unprecedented financial boom stretching from the mid-1990s through 2008 ultimately led to the deepest recession in modern times and one of the slowest economic recoveries in history. It also resulted in the emergence of the draconian austerity policies that have swept across Europe in recent years. Property Boom and Banking Bust offers an expert insight into the complex property market dynamics that contributed to the Great Financial Crisis of 2008 and its devastating economic consequences. It is the first book to focus on a woefully underreported dimension of the crisis, namely, the significant role that lending on commercial property development played in the crisis. Among other key topics, the authors explore the philosophical and behavioral factors that propelled irresponsible bank lending and the property boom; how it led to the downfall of the banks; the impact of the credit crunch on the real estate industry generally in the wake of the financial crisis; the catastrophic effects the property bust had on property investors, both large and small; and how the financial institutions have sought to recover in the wake of the financial crisis. Provides valuable insights into what happened in previous booms and busts, particularly in the 1970s and 1980s, and how they compare with the most recent one Offers an expert assessment of the consequences of the global financial crisis for the banking system and the commercial property industry Examines strategies banks have used to recover their positions and manage the overhang of indebtedness and bad property assets Addresses strategies the real estate industry have used to recover from the collapse in property values Written in an accessible style, and featuring numerous insider case accounts from property bankers, Property Boom and Banking Bust disentangles the complex, tightly-woven factors that led to the Great Financial Crisis of 2008, while offering powerful lessons for property industry professionals on how to avoid having history repeat itself.
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