Tags » Financial Crisis

Why We Need a Guarantor of Last Resort

More than a decade has passed since the worst of the 2007-2009 financial crisis.  In that time, we have learned that some of the gravest consequences of the crisis were not the economic fallout, but the political backlash it triggered.  2,003 more words

Finance & Economics

Guarantor of Last Resort: Is There a Better Alternative?

Larry Summers, who was one of President Obama’s key economic advisors when the Dodd-Frank Act of 2010 was enacted, recently decried what he called “excessive populism” in portions of that legislation. 2,063 more words

Finance & Economics

Emergency Guarantee Authority: Not Letting a Crisis Go to Waste

Calming the panic in short-term funding markets was a significant part of the response to the 2008 financial crisis. While the TARP bailout programs received the most attention during the crisis, TARP… 2,167 more words

Finance & Economics

پانچ بڑے عالمی مالیاتی بحران، جنھوں نے دنیا کو ہلا کر رکھ دیا

عالمی تاریخ میں یکے بعد دیگرے کئی مالیاتی بحران آئے۔ ان میں سے بیشتر مختصر اور کم شدید تھے جن کا اثر وسیع پیمانے پر محسوس نہیں کیا گیا۔ بعض کے اثرات پورے براعظم یا دنیا بھر میں ہوئے۔ ان کے نتیجے میں بے روزگاری اور مہنگائی بڑھی اور لوگوں کی ایک بڑی تعداد کو ضروریات زندگی پوری کرنے میں مشکلات پیش آئیں۔ ذیل میں پانچ سب سے تباہ کن مالیاتی و معاشی بحرانوں کو مختصراً بیان کیا گیا ہے۔ 863 more words

World

2008 Financial Crisis: Unconsidered Causes -Values & Ethics

Beyond the technical explanations stimulated by economics and politics of the global financial crisis that ensued one decade ago, the axiology, or theory of values – another kind of values-, along with ethics, which studies right and wrong conduct, both provide a qualitative intervention to this business matter. 1,512 more words

The Financial Crisis: Who has Sovereign Power?

“…comforting as it may be to invoke sovereign power at moments of great uncertainty, this is a mystification of the events in September and October of 2008.

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Politics