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Financial crisis Essay Topics & Paper Examples

Global Financial Crisis: Causes and Effect

The financial crisis that began in 2007 spread and gathered intensity in 2008, despite the efforts of central banks and regulators to restore calm. By early 2009, the financial system and the global economy appeared to be locked in a descending spiral, and the primary focus of policy became the prevention of a prolonged downturn on the order of the Great Depression. The volume and variety of negative financial news, and the seeming impotence of policy responses, has raised new questions about the origins of financial crises and the market mechanisms by which they are contained or propagated. Just as the economic impact of financial market failures in the 1930s remains an active academic subject, it is likely that the…

Financial crisis

a) Financial crisis definition Financial crisis is defined as the financial meltdown, or in other terms as the credit crunch. A financial crisis is an economic incidence makes it hard to obtain and access the capital for use in investment. The economic crisis is an ongoing economic problem that was more pronounced in 2008 resulting in the liquidity in the global credit markets and its financial systems (Berlatsky 77). This means that there was no credit available for the investors, which adversely affects the poor countries. For the developed countries, this crisis created panic and was perceived as the most horrible in the previous years. It was equated to the 1930 depression of the economy. In addition, to understand the…

Global Financial Crisis

The current global financial crisis which became prominently visible during September of 2008 is considered by most economists and world leaders the worst kind since the Great Depression. It is equated with the failure in conservatorship of the many financial institutions based in the United States of America. The US is considered the most powerful and the wealthiest nation or country in the whole world that every change that occurs can affect the current status of different countries. The failures committed by the US financial firms have evolved into global crisis affecting the financial stability of different continents like Europe and Asia. In Europe, bank failures and decline in various stock indexes are experienced. Also a large reduction in market…

Global Financial Crisis

The Global Financial Crisis can be studied from many different perspectives. Most of the consequences are already being analyzed, and even though new events may still take place; these consequences have impacted, and if not yet detected, they will impact our Society, our Culture, old and new technologies, the commercial and industrial sector and overall our value systems and ethical standards. Global warming is the major issue that would impact Technology, Society and Culture and have an important effect upon our ethics. Most of us expected a great reaction from the biggest economy in the world because the level of consciousness about global warming, had motivated many politicians to act upon it, the financial sector was already in a position…

Financial Crisis

The term ‘financial’ means money or money related resources and the term ‘crisis’ means deterioration or disaster or emergency so the financial crisis means the rapid deterioration of financial indicators such as asset prices and short-term interest rates which becomes the cause of financial disaster. It is also defined as the sudden change in stock rates in the financial markets. An example of financial crisis is stock market crash (Feldstein 1991, p. 1–2). The reason for financial crisis is not the huge investments made by the business leaders in the venture related activities which fail and do not bring any profitable outcome but the reason is the sweeping of numerous market participants in the heavy risk-involved dealings for the same…

Financial crisis

The current financial crisis that has caused world economic slowdown is forcing government agencies and financial market to re-think on their practices in order to avoid any possible future occurrence of the same. The financial crisis affected regulators and financial market as well and this reason why regulatory agencies are calling for strict supervision of financial markets (Bernanke). Impacts on regulation One of the regulators in the financial market is the Federal Reserve responsible for developing procedures used to supervise the markets. The current financial turmoil has forced the Federal Reserve to re-look at its supervision and macro-prudential orientation to financial oversight (Bernanke). The financial crisis has also led to the development of new tools by regulators e. g. the…

Financial Crisis: Beyond the 1929-2008 comparison

There has been major economic and financial crisis that have afflicted the world economy since 1929. It all started with “a great depression” in 1929 that lasted for about 10 years and then some of the other major crisis followed it, the next one being the oil crisis in 1973 then the Latin American debt crisis in 1980’s, in 1990’s the collapse of the Japanese asset price bubble and then in 1997 the Asian financial crisis and then in 2007 United states’ subprime mortgage crisis leading to a Global financial Crisis (Wikipedia: 1973 Oil Crisis, 2010). But there has been certain strategy of the corporate sector that distinguishes the crisis and its impact whenever it took place, as during the…

Financial crisis

According to this article soros expresses that the current financial crisis is the result of the effect of all the other minor financial crisis’s that the US economy has experienced in the past sixty years, which came as a result of the weakening of the dollar in the financial market over the other strong currencies. It was anticipated to be happening because financial market operated in such a way that investors over borrowed loans from banks to invest in the housing sector hoping that the market would regulate itself according to the forces of demand and supply and be able to get good returns. The economy instead suffered a shortage of cash as a result of the over borrowing and…

The Fair Value change with respect to the Financial Crisis

The world has come under the grips of a global financial crisis. Such events with big accounting and financial impacts are few and forlorn but when they do come, they bring with them uncertainty and pessimism as well as the desire to bring about some change so as to curtail such events from taking place in the future. With regards to standard setting, this is being achieved through the debate surrounding fair value reporting. Banks and many other troubled financial institutions that bore the brunt of the tidal wave of the credit crunch are calling on the Financial Accounting Standards Board to ease their stance in relation to fair value accounting whereas investors and financial analysts are standing forward to…

Is the Financial Crisis caused by inefficient financial data management or financial models or both?

This question is posed at the conclusion of “As Securities Become More Complex Is Financial Data Management Becoming More Complex?” by Jeffrey Rooney.  This paper discusses OTC derivatives as an example of how the financial crisis escalated and Enterprise Data Management (EDM) as a financial data model that offers a solution to data problems faced by the industry. Based on Rooney’s presentation the financial crisis is a symptom of inefficient financial data management which is the result of intentional  use of poor financial models coupled with the intentional misuse of financial models. Poor financial data management has a cultural and technological basis.  The cultural component is the Chinese wall or siloed business unit structure which facilitates and operates on the…

Major Intended for The Future

The past year and eartly months of 2009 had put the world in a bind. The Financial recession had been experienced all over the world. America had seen this through the collapse of real estate market which had caused bonds problems. The bank and the government of America had been trying to create appropriate solutions but unfortunately it has been unsuccessful. In effect, lots of companies had been affected. Alarming news had been heard last September 14, 2008. Lehman Brothers had announced their bankruptcy. As we all know, the company had existed in America for 158 years. This is considered to be one of the biggest banks in the country. How did these things happen? It is all related to…

Lehman Brothers

In year 2008, financial crisis had led to the collapse of many banks in United States. Lehman Brothers was one of the banks that had filed its bankruptcy on 15 September 2008. It was the biggest bankruptcy in the history and it still is for now. Being the fourth largest investment bank in United States that had been established for 158 years, its failure had brought a big impact to the world financial markets. The failure of this large investment bank had triggered people around the world. After the failure of Lehman Brothers in 2008, there are a number of analysts and researchers that had tried to figure out the root of such event, the causes of the collapse, the…

Marks & Spencer SWOT and PEST

Marks and Spencer is the British multinational retail company that specializes on producing clothing and high-quality food. Being the dominant force on the UK market Marks and Spencer owns 600 stores in the home country and over 225 stores worldwide. Bird (1986) claims Marks and Spencer to be the most powerful image of Great Britain; the company currently being the most profitable UK organization also is one of the most innovative in the world. Two main features of the Marks and Spencer are centralization and simplicity. The firm tends to use centralized organizational structure and tries to keep everything simple avoiding the complexity in any aspect of systematic applications (Howells, 1981). Strengths: Marks and Spencer has been known for its…