Introduction A financial crisis is a situation in the global scale economy when there is a short-term termination of massive fiscal contracts causing a wide range of turmoil within the financial sector (Allen, 2012). A financial crisis is characterized by high levels bankruptcy within the...
Introduction Investment banks went public in the 1980s, enabling them to acquire huge amounts of stockholder money. By the late 1990s, financial sectors merged into huge firms. These mergers could cause an economic collapse. In 1998, Citicorp and Travelers merged, forming Citigroup. Stock analysts gave...
Financial collapses are always scary and catastrophic events. It’s even worse when barley after a decade has passed since the last one, experts are already saying that another one is imminent. Michael Sandel, is a very interesting political philosopher and the author of the book...
Abstract Several financial crisis of the present day can be compared to the great depression that was witnessed in 1928 with similarities being based on the causes and effects of the two events. In comparing the two financial crises, it is significant to analyze the...
Introduction According to scholars, a financial crisis is an expansive variety of situations in that some if not all of the available financial assets abruptly drop a large part of their original value(Martin and Milas, pp.443-459). Notably, in the 19th and 20th centuries, a lot...
The financial world and economy can sometimes be similar to a rollercoaster, it has its ups and downs. There have been many historical incidents were crises and economic turmoils have been recorded. These incidents can disturb the economy greatly or it can just pass by...
According to the Convention of Biology, the Philippines is one of the 18 mega-diverse countries in the world. On a per unit area basis, we harbor more diversity of life than most countries do. In fact, the Philippines ranks fifth in the number of plant...
Abstract The low level of financial inclusion or limited access to capital is one of most significant constraint faced by micro, small and medium-sized enterprises (SMEs) in Indonesia. To solve the problem, this study proposed a model of financing for SMEs through crowd funding mechanism...
Bankruptcy is a state in which an individual or a company would find themselves in if they are no longer or unable to pay for their loans or other credits in which case whatever assets that the individual or company owns will be liquidated to...
Introduction For the past few years, and currently the Namibian government has been experiencing difficulties based on its economy. However that the nation seemed to have a high gross domestic product (GDP) per capital, country still faces economic instability. It practices both capitalism and communism...
The financial crisis (2008): It is known as the worst economic tragedy since the Great Depression (1929).U.S. Investment bank and Lehman Brothers collapsed due to that crisis. The crisis was the outcome of many sequence events, each event activated a mechanism that almost led to...
The past decade was an era characterized by historical financial facts such as tech bubbles, housing bubbles, stock market crushes and vast corporate scandals. Therefore, as a result of this financial turmoil at the beginning of the twenty first century, literature has prompted growing interest...
The Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) conducted a joint investigation, resulting in fines against Citizens Bank and its affiliates for allegedly failing to credit consumers for the full amounts...
Australia is the sixth largest country by the total area but it is largest country in oceanic. The capital of this country is Canberra and Sydney is the largest city of this country. The other metropolitan cities of it are Adelaide, Melbourne, Perth and Brisbane....
During the early 1990’s, Spain was in prime time from its rapid economic growth. To which it became the 5th largest economy in the European Union. Spain’s economic growth encouraged a boom un property marketing. So, in 2006, Spain started to build 800,000 new homes....
There is a big effect on the migrants when a refugee crisis happens. They are forced to leave their countries and homes and try their luck at finding a better place to stay. But unfortunately, when a refugee gets displaced from their home country, they...
Following the financial crisis in 2008, there is much more enthusiasm in the policy-making classes for supra-national regulation, or , at least, coordination of regulatory rules. A good example of rules being set on a global scale is the Basel Committee’s rules on bank capital...
Ten years ago tomorrow, the US government allowed the Wall Street bank Lehman Brothers to go bust, an event that seemed to mark a historical denouement: the end of an American century culminating in humiliating failure of its economic policy. In the days that followed,...
This eu monetary crisis has emerge as a perceived hassle for the whole of europe in spite of the truth that debt has most effective risen drastically in a few nations. the currency for europe has remained strong inside the meantime. greece, portugal, and ireland...
The financial crisis that occurred in 2007-2008 took a major impact on the United States, it was considered the most dangerous crisis since the Great Depression. Due to the fact that this crisis did not just effect the US, it continued onto a global level....
Effects Of The Global Financial Crisis On The Us Economy Introduction One of the most apparent impacts of the 2007-2009 global financial crisis on the United States economy has been high rates of unemployment and inflation. In recent years, the macroeconomic study of unemployment and...
The financial crisis in Ireland resembled the US-style collapse following the easy-money bubble that hit its real estate segment. It emerged from the availability of cheap credit accessible to almost all families desiring to buy and build houses. The process began in the 1980s through...
Las Vegas, this super-hot state in the summer with just less than 500 thousand residents in the 1970s has quadrupled in the last 4 decades. Local news stations have been reporting about a bunch of Californians moving to town because it is getting more difficult...
The general term of advanced and emerging economies refers mainly to economic stages of development in a country and corresponds to the country’s residents median standard of living, with advanced economies being generally the Western European economies and the USA, the Advanced Capitalist Countries(ACCs) as...
Stratton Oakmont, a Long Island-based brokerage firm, quickly gained notoriety in the 1990s for its aggressive sales tactics and fraudulent practices. The firm, founded by Jordan Belfort and Danny Porush, specialized in penny stocks and quickly rose to prominence as one of the largest and...
In today’s changing world of higher education, dual admission programs are becoming a popular choice for students who wanna get the most out of their academic journey. So, what exactly are these programs? Well, they let high schoolers sign up for college courses at the...
