Disproportionate increase in the volume of world GDP and financial assets can be attributed to an increase in asset prices, liberalization and rapid development of the credit market and the like. ... Tens of billions of dollars of losses had to write off the world's largest banks, such as Union Bank of Switzerland (UBS) and Citibank. ... In 2008 went bankrupt a few investment banks and the bank Merrill Lynch was purchased by the largest commercial bank in the US – Bank of America. ... As a result out of the five largest investment banks three went broke, and one was sold to a comme...

• Word Count: 1288
• Approx Pages: 5
• Grade Level: Undergraduate

However, a more serious development was the withdrawal of foreign credit lines during the course of 1985. ... Both consumer and business confidence levels are improving, confirmed by an increase in private sector credit demand, which is resulting in increased private sector investment as well as consumption spending. ... The Reserve Bank has repeatedly stressed that its role in making South Africa more attractive for foreign capital is to curb the rate of growth in the money supply, avoid excessive reliance on an inflationary expansion of bank credit with a view to sustaining economic grow...

• Word Count: 6046
• Approx Pages: 24
• Grade Level: Undergraduate

Thirdly, by provided large credit to enterprises and subsidies, the state protected output from falling at an early stage of the transition. ... In 1991, after reaching independence, Belarus had one of the highest standards of living in the former Soviet Union (FSU). "It was seen as an industrial park for consumer goods, with relatively better capital stock than other republics" (World Bank). ... One of Belarus" best decisions was joining the World Bank in 1992. ... All these endorsements by the World Bank derailed many problems that constrained economic growth and development. ...

• Word Count: 897
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate

Task 1 Different Types of Organizations and the Purpose 1.1 Purpose of organization Before we learn about the types of organizations, we need to learn the basic purpose of setting organizations. The main purpose of organization is to provide a pathway to their business setup and to set the main o...

• Word Count: 6987
• Approx Pages: 28
• Has Bibliography
• Grade Level: Undergraduate

Financial markets are needed to control the money supply, with a reasonably tight fiscal policy and credit policy, this lead China to create a bond market, offering bonds with attractive interest rates to soak up excess money that threatened to fuel inflation. ... Also trade unions were not given any corresponding freedom to act and that has also clearly contributed to this problem. ... China's state owned enterprises have been extremely inefficient and to continue operation, they need to be kept afloat by direct government subsidies and loans from the central bank. ... Also, these sta...

• Word Count: 2010
• Approx Pages: 8
• Grade Level: Undergraduate

Social Partners is the term used to designate the representative organisations of trade unions and employers. ... The concept implies that trade unions and employers have significant areas of common interest and that their differences are susceptible to resolution through building consensus (Boyd, 2002). ... As it relates to countries implementing this Social partnership practice, (Murphy, 2002) emphasized in this journal that the governance methods within Ireland involves the Social partnership model which is based on employer's, trade unions and farmers since 1987. ... He went onto say...

• Word Count: 5360
• Approx Pages: 21
• Has Bibliography
• Grade Level: Undergraduate