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euro zone in the face of unsustainable debt problems, given the fact that the EMU lacks a fiscal union. Concerning Greece …-sheet effects upon a devaluation of the drachma. This paper explores what effects a euro exit would have on Greece's economy and … currencies. In this paper, Greece is considered an EME as well, and is therefore very comparable to the above examples. The Greek …
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We examine the growth performance of six emerging economies (Brazil, China, India, Indonesia, Russia and Turkey) in the …
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This paper explores the synchronicity of two mega-crises we are now facing: The BP oil spill and the repercussions of the 2008 financial meltdown. It examines some key common threads in both of these crises. The overarching message is that firms must maintain a culture of social responsibility,...
Persistent link: https://www.econbiz.de/10013139528
The crisis that originated in mid-2007 in the United States and deepened in September 2008 is the largest peace-time disruption of financial markets since the Great Depression. It was triggered by a number of factors, namely the large amount of lending to subprime borrowers, the expansion of...
Persistent link: https://www.econbiz.de/10012445832
The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets. However, the prompt response by the government and the central bank stabilised Korea’s financial sector in early 2009 and recovery followed relatively...
Persistent link: https://www.econbiz.de/10012446510
Disasters remain among the most critical events which impact residents and their neighborhoods; they have killed far more individuals than high salience issues such as terrorism. Unfortunately, disaster recovery programs run by the United States and foreign governments have not been updated to...
Persistent link: https://www.econbiz.de/10013094780
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