The financial crisis: The need for a new system
Dissertation - 54 pages - Economy general
This thesis is about our (the world's) monetary and financial system. It starts by focusing on monetary creation, which is the basis of our financial system. After defining the monetary creation process, it is about its control, which has been transferred from the States to...
Is the euro a success?
Essay - 13 pages - European union
Now accused of all evils (stifling exports, slowing growth, feeding speculation, etc.), the euro seems to have become everybody's favorite scapegoat. Yet it remains that this currency is a unique experience (a single currency managed jointly by several countries), and it is undeniable that the...
The Euro crisis and its impact
Case study - 19 pages - Political science
The Euro crisis is an economic crisis which not only points to the weaknesses of economic integration, but also points at the consequences of poor economic policies at the state level. The aim of this paper is to synthesize literature on the causes, progression and impacts of the Euro crisis on...
The impossible trinity dilemma
Case study - 8 pages - Management
A trade off exists between interest rate policy (monetary independence), exchange rate stability (ES) and financial integration. Change in one is necessarily associated with a corresponding change in a combination of the other two components. Any pair of goals can be achieved by...
Britain and the euro: not for yesterday, not for today, not for ever...?
Essay - 14 pages - Finance
The EMS's Exchange Rate Mechanism (ERM) has long been a source of political controversy, playing for instance a relevant part in the final drama of Margaret Thatcher's resignation as a serving Prime Minister. Britain entered the ERM in 1990 to exit from it in 1992 and afterward, the new...
Should we stick to the stability and growth Pact?
Thesis - 4 pages - European union
The Stability and Growth Pact is an essential element of the European Monetary Union and has been often criticized. One of the sharpest and most violent attacks came from the President of the European Commission, which is supposed to be the watchdog of the Treaties and laws, Romano Prodi...
Why are foreign exchange rates of G3 (the United States, Japan, Europe) so unstable?
Thesis - 12 pages - Economy general
In 1973, Nixon unilaterally decided to break off all references to gold and to float the dollar to escape the constraints of the international monetary system of Bretton Woods which was becoming increasingly burdensome on the U.S. economy. This ended the system of fixed exchange rates,...
Can one fear a return of inflation in euro area?
Essay - 15 pages - European union
John Paul II cried "Do not be afraid!"Trichet added "Take back your minds!" In both cases, the aim is to build trust and faith in order to avoid fear. The fear of rising prices and declining purchasing power followed. Inflation can be defined as a process of cumulative gains that are...
Cash reserve ratio
Case study - 34 pages - Finance
This is the amount of money that the banks have to necessarily park with the Reserve Bank of India. The base of this is the total of the deposits that a bank has. The Reserve Bank of India pays the bank interest on the amount parked with it. Among the tools available to the RBI to influence and...
The Stability Pact
Essay - 5 pages - Constitutional law
“The Stability Pact is stupid, like all decisions that are rigid […]” this declaration made by Romano Prodi in an interview for the French newspaper: Le Monde in October 2002 had given a nasty turn to the economical and political European scene. This quotation of the former...
An Analysis of Okun's Law
Thesis - 6 pages - Business strategy
Introduction: This essay is split into three sections. In section 1, Okun's law will be examined, by looking at both of its forms. In section 2, the Okun's law coefficient will be analysed with particular reference to the factors which can affect the coefficient. In section 3, Okun's law will be...
Global consequences of Chinese growth: Impact on the world economy
Thesis - 25 pages - Economy general
Over the past decade, the People's Republic of China has been pursuing an average annual growth of 9%. It has now become the 4th largest world power after the United States, Japan and Germany, but ahead of France and the United Kingdom. However, China currently accounts for only 5% of global...
What is the future for Euro?
Essay - 5 pages - European union
In 2009, the euro was the official currency of 330 million users, located in 16 countries in Europe, and accounted for about 16% of global GDP. The single currency of the Euro zone is now the second most important currency in the world, and enjoys a broad consensus about its effectiveness. The...
Is the Subprime crisis a financial or global crisis?
Essay - 25 pages - Finance
Was the subprime crisis predictable? Some analysts predicted it in 2005 as a continuation of a long boom, during which loans to U.S. households rose sharply. Now the U.S. Federal Reserve (FED), led for over 20 years by Alan Greenspan takes a systematic approach to support the banking crisis stock...
Optimum Currency Areas and the Euro-Zone: An Analysis of how the Euro-Zone can become an Optimum Currency Area
Thesis - 4 pages - Economy general
In the following paper, we make use of one of the chapters of our textbook, which focuses on Optimum Currency Areas in relation to Europe. After perusing the information thus provided, we found related articles that would provide us with significant information that would allow us to compile an...
Financial globalization
Course material - 3 pages - Finance
The term financial globalization refers to a free movement of finance across national boundaries without facing any restrictions. Financial globalization requires the introduction of a worldwide single currency managed and regulated by a single international monetary authority. The first...
Is today's globalization different from globalization a hundred years ago?
Essay - 6 pages - Economy general
Michael D. Bordo, Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, says, in Globalization in Historical Perspective (2002), says “globalization has become a buzzword of the new millennium”. Indeed the term globalization...
Which extension is possible for Europe and and with what consequences?
Thesis - 18 pages - Economy general
"A day will come when all the nations of the continent will merge strictly in a superior unity and will constitute the European brotherhood" it will have been necessary more than a century so that this premonitory speech of Victor Hugo pronounced in 1849, pass from utopia to the reality. The...
Foreign institutional investors and the stock exchange
Thesis - 28 pages - Economy general
India has struggled financially since independence, experiencing slow economic growth and economic setbacks due to climatic extremes or political disturbances. The country has been gradually transforming its economic base from agrarian to industrial and commercial. Under British rule in the 19th...
The worst economic crisis - Late 1970s to early 1980s
Case study - 4 pages - Educational studies
The worst economic crisis that happened in the world history occurred between the late 1970s spreading over the years to early 1980s. The USA was one of the world economies that were greatly hit by the economic downturn. The debts escalated and savings went down in the American economy leading to...
The Russian stock market crash
Thesis - 7 pages - Finance
In the year 1997, the Soviet Union witnessed a series of achievements. The inflation was controlled, the monetary position was strengthened and the balance of payments was on a surplus. The sudden downfall in the Russian stock market on the 17th of August, 1998 saw the entire Russian...
European Sovereign Debt Crisis and its impact on financial markets and institutions
Essay - 5 pages - Finance
The European Sovereign Debt Crisis of was basically the failure of the Euro which was the monetary symbol that tied together 17 Countries across Europe (Arezki et. al, 2011). This therefore means that the start of all these is retraced back to the second world war in 1945. At this time...
Keynesian economics: The transition to the Washington consensus
Thesis - 5 pages - Economy general
Recent political events concerning the international economic downturn have revived the discussion of Keynesian economic theory due to the apparent failure of free market neo-liberalism. On 26 September, 2008, French President Nicolas Sarkozy remarked that “we must rethink the financial...
The European Stability and Growth Pact in the International Crisis
Essay - 3 pages - European union
The European Council created the Stability and Growth Pact (SGP), an agreement among the 16 members of the European Union who take part in the Eurozone, to facilitate and maintain the stability of the Economic and Monetary Union. The pact was adopted in its Amsterdam session on 17 June...
Contemporary international finance and East Asian economic integration
Essay - 12 pages - Economy general
The “Current Account crisis” is a particular type of external debt crisis that affects mostly low-income developing countries. It is characterized by a huge deficit in the current account balance which provokes a Balance of payments deficit and a currency crisis. A current account...
The income gap: a growing dilemma
Essay - 19 pages - Economy general
While considering the poverty line in France, it is amazing to note that the current statistics has revealed that nearly 4 million people are homeless in France. This kind of an alarming and unmatched growth pattern is also visible across some Asian countries. Despite this poverty issue that...
Institutionalism: Brief study
Case study - 3 pages - Sociology
School of economic thought which emerged in the 20s in the United States was sought to be based on history, sociology and social sciences in general. Thorstein Veblen highlighted by the institutionalism opposed the foundations of Classical and Neoclassical schools, with the goal of leading the...
What were the main factors of the collapse of " Social Democracy " in Britain?
Essay - 11 pages - Modern history
After the Second World War, the British political and economic landscape underwent a radical transformation in its own foundations. Indeed, the previous economic orthodoxy that had characterized the governing of Britain was substituted by a Keynesian form of welfare state. It was the beginning of...
Macroeconomic events before and after Argentina's 2001-2002 currency crisis
Essay - 5 pages - Economy general
In practice economical balance is unachievable. Stabilization conditions that many scholars and economists claim are but fleeting status of the economy. Some of the major crises around the world including the US stock market collapse, Asian financial crisis, Latin financial crisis and recently...
The European employment strategy - published: 11/05/2009
Thesis - 21 pages - European union
The European Union is the most accomplished multinational organization in the world. Since it's beginning in 1950, with the European Coal and Steel Community, the European Union has been integrating more and more, becoming a unique. The European Union was at first, based on economic performances....
