The US financial crisis was caused by a housing bubble fueled by low interest rates and loose lending practices. Mortgages, especially subprime loans, were securitized and sold in complex financial products. When the housing bubble burst in 2008, the value of these securities plummeted, causing major losses at banks and other financial institutions and resulting in the failure or near-failure of some large companies. The crisis highlighted issues with risky leverage, lack of transparency, misaligned incentives, and inadequate risk management in the financial system.
This presentation explains the events and causes that led to Global Financial Crisis in 2007-08, mainly focused on Collateralized Debt Obligations, Sub-Prime Mortgages, Credit Default Swaps and Housing Bubble.
This presentation explains the events and causes that led to Global Financial Crisis in 2007-08, mainly focused on Collateralized Debt Obligations, Sub-Prime Mortgages, Credit Default Swaps and Housing Bubble.
The 2008 global financial crisis is said to be the worst financial problem to have faced the world since the Great Depression of the 1930s. The financial crisis was preceded by an economic boom of some sort and high investment levels. In fact, prior to this crisis, many economists had voiced their concerns over the amount of credit flow in the US as well as investments. So what really caused this financial catastrophe and what effects did it have on America and the world at large?
This article will discus the Causes of the Global Financial Crisis of 2008
- See more at: http://www.customwritingservice.org/blog/the-global-financial-crisis-of-2008-causes-and-effects/
Overview about The financial Crisis in 2008. The presentation with 4 main points: reasons, development (also including responses), and consequences.
We hope that this is an easy source of information for you to understand this crisis.
I. Introduction
II. Causes of the current financial crisis
III. A timeline of the most important events
IV. Fannie and Freddie
V. The current financial crisis’ nature
VI. The great depression & lessons from the past
VII. The Impact on Emerging Countries.
VIII. How to solve this problem
IX. Executive Summary
X. Sources
I made this paper for my English course. It\'s a nice paper if you\'re interested in the crisis. You don\'t need to be an economist to understand what I\'m writing about, it\'s written in clear,understandable English!
This version still contains some errors...(it\'s not the final version)
This study presentation looks at the causes and consequences of different types of financial crisis. It also focuses on the Hyman Minsky theory of financial instability in a capitalist economic system.
[SERIES 4/4] The Global Financial Crisis (2007 - 2009)
from the Frederic Mishkin's The Economics of Money, Banking, and Financial Markets
Financial Crises on Advanced Economies Chapter
Outline:
SERIES 1: Factors Causing Financial Crises
SERIES 2: Dynamics of Financial Crises in Advanced Economies
Series 3: The Great Depression
SERIES 4: The Global Financial Crisis of 2007 - 2009 (The Great Recession)
Other Sources:
The Causes and Effects of the 2008 Financial Crisis
https://www.youtube.com/watch?v=N9YLta5Tr2A
Short presentation on fall of the 4th biggest investment bank firm in United States during the period of financial crisis in 2008 which ultimately started recession in Unites States Of America and subsequent impact on whole world of economy.
The 2008 global financial crisis is said to be the worst financial problem to have faced the world since the Great Depression of the 1930s. The financial crisis was preceded by an economic boom of some sort and high investment levels. In fact, prior to this crisis, many economists had voiced their concerns over the amount of credit flow in the US as well as investments. So what really caused this financial catastrophe and what effects did it have on America and the world at large?
This article will discus the Causes of the Global Financial Crisis of 2008
- See more at: http://www.customwritingservice.org/blog/the-global-financial-crisis-of-2008-causes-and-effects/
Overview about The financial Crisis in 2008. The presentation with 4 main points: reasons, development (also including responses), and consequences.
We hope that this is an easy source of information for you to understand this crisis.
I. Introduction
II. Causes of the current financial crisis
III. A timeline of the most important events
IV. Fannie and Freddie
V. The current financial crisis’ nature
VI. The great depression & lessons from the past
VII. The Impact on Emerging Countries.
VIII. How to solve this problem
IX. Executive Summary
X. Sources
I made this paper for my English course. It\'s a nice paper if you\'re interested in the crisis. You don\'t need to be an economist to understand what I\'m writing about, it\'s written in clear,understandable English!
This version still contains some errors...(it\'s not the final version)
This study presentation looks at the causes and consequences of different types of financial crisis. It also focuses on the Hyman Minsky theory of financial instability in a capitalist economic system.
[SERIES 4/4] The Global Financial Crisis (2007 - 2009)
from the Frederic Mishkin's The Economics of Money, Banking, and Financial Markets
Financial Crises on Advanced Economies Chapter
Outline:
SERIES 1: Factors Causing Financial Crises
SERIES 2: Dynamics of Financial Crises in Advanced Economies
Series 3: The Great Depression
SERIES 4: The Global Financial Crisis of 2007 - 2009 (The Great Recession)
Other Sources:
The Causes and Effects of the 2008 Financial Crisis
https://www.youtube.com/watch?v=N9YLta5Tr2A
Short presentation on fall of the 4th biggest investment bank firm in United States during the period of financial crisis in 2008 which ultimately started recession in Unites States Of America and subsequent impact on whole world of economy.
"Whether we like it or not, the laws of gravity work in financial markets as well and what goes up ultimately comes down," Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group, told IANS.
AIG: The Missing Piece of Its Failure Narrative & Why It MattersMercatus Center
The failure of American International Group Inc. was one of the main narratives from the financial crisis, prompting the push for greater financial market regulation and the adoption of Dodd-Frank. But what if the generally accepted account—that AIG’s supposedly unregulated derivatives activities sank the company—doesn’t actually tell the full story?
Presentation given at Bangkok Sustainable Banking Forum 2019, 13 August 2019. Sarinee Achavanuntakul, Fair Finance Thailand (สฤณี อาชวานันทกุล, แนวร่วมการเงินที่เป็นธรรมประเทศไทย)
"Pursuing retail banking with social responsibility" by Sarinee Achavanuntakul. Presented at Sustainable Banking Conference, Bangkok, Thailand, 23 July 2018
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
1. U.S. Financial Crisis
Sarinee Achavanuntakul
Fringer | คนชายขอบ
http://www.fringer.org/
10 November 2008
Most slides are taken from http://www.slideshare.net/econman/the-credit-crisis-of-
2008a-presentation
7. Moral hazard “credit ease”
• “Subprime” is defined as borrower who has FICO credit score less
than 620, but some lenders also define borrowers whose FICO score
are as high as 680 as “subprime” if their down payment is <5%
• Typical subprime mortgage is “Adjustable-rate Mortgage” (ARM): a
2/28 ARM means fixed interest rate for the first 2 years, then floating
rate (e.g. LIBOR + 6%) for the remaining 28 years
• Often requires no down payment, can borrow 100% of house value,
and has no rigorous credit check – “NINJA” borrowers, “Liar loans”
• Zimmerman (2007) proves that subprime loan quality in 2007 is worse
than in 2006, and 2006 were worse than 2005
• New subprime loans were $421,000 million in 2006 (S&P estimate);
AMP Capital Investors estimates $1.4 trillion subprime loan
outstanding in July 2007
• Fannie Mae estimates that 50% of those who were sold subprime
loans would have qualified for prime-rate loans
8. Credit Default Swap (CDS)
• Investors seek insurance to cover unexpected
defaults on loans
9. Fraud, over-leverage, and non-transparency
• Fraud:
– Unfair or misleading credit terms, e.g. ARM, universal default
– Moody’s supposed “bug” in their credit rating model that
resulted in some bonds being overrated by 4 notches (5/2008)
• Over-leverage:
– Many banks & hedge funds over-leverage to make easy money
on CDOs: 25-30x times their capital
• Non-transparency:
– Financial institutions use off-balance-sheet vehicles e.g. Special-
Purpose Vehicle (SPV) to hide real exposure and evade taxes
– Most subprime-linked derivatives are traded on 100% private,
OTC (“over-the-counter”) basis, so nobody knows the market
size problem applies to the whole “shadow banking system”
10. Agency problems, wrong incentives
• Problems at the top
– “When the music stops, in terms of liquidity, things will be
complicated. But as long as the music is playing, you’ve got to get
up and dance. We’re still dancing.” Citigroup’s Chuck Prince, in an
interview with Financial Times, July 2007
– Retired in November 2007 with $38 million pay package
• Problems down below:
– Traders are compensated for short-term performance – if they take
positions that have 5% chance of total catastrophe, they will be well
rewarded year after year as long as that 5% never materializes
– What the traders receive are therefore just “insurance premiums”
but they thought they are smart!
– Internal risk management gets weaker the more profits they make
– Hard to separate true “alpha” (idiosyncratic, firm-specific) from
“beta” (systemic, overall market returns) risks
14. How a bank works
• Most bank “liabilities” are deposits which are short-term in
nature (e.g. 2-year fixed deposits), while most “assets” are
longer-term loans (e.g. mortgages or CDOs which are
“investments”). Mortgages are the longest-term loans.
• Banks must mark-to-market the value of their investments.
• Example: Wachovia balance sheet @ 30/6/08 (prior to
Citigroup takeover):
Assets Liabilities & Equity
Current assets $110 Short-term debt $505
Long-term assets Long-term debt $230
Investments $600 Equity (shareholders) $75
Others $100
Total $810 Total $810
15. Why banks fail so dramatically
Assets Liabilities & Equity
Current assets -$90 Short-term debt $305
Long-term assets Long-term debt $230
Investments $500 Equity (shareholders) -$25
Others $100
Total $510 Total $510
• Borrower defaults + house prices collapse market value of
investments / mortgages collapse (ex. $100 in above example)
• Bank must record falling value of investments as losses erode bank
capital until shareholder’s equity is negative insolvent
• Meanwhile, if bank’s debtors (depositors or other financial institutions)
withdraw funds or demand loan prepayment, bank may face a severe
liquidity crisis until it is bankrupt
• Bailout: buy toxic assets from banks (not a good idea: at what price &
certain losses) or raise capital (better, but can Republicans accept?)
• If public funds are used, ex-shareholders should not reap benefits
16. U.S. household debt problem is not over
• Currently 8.8 million Americans have negative home equity
– a record figure
• Total mortgage market in U.S. is approx $11 trillion (79%
of GDP). About 13% of these are subprime
• U.S. households have $1 trillion credit card debt + $0.7
trillion auto loan. These debts often have no collateral –
repayment depends solely on borrower’s ability to repay
• Tough & unfair credit terms + rising cost of living (oil, food,
etc.) erode ability to repay
• Since mortgages are often the last kind of loans people
would default (house = the most valued asset), the
subprime crisis suggests that they have already defaulted
on credit cards and other kinds of loans
• These loans have been securitized too. So… watch out!