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(2006, 9900 words)
This dissertation examines the major causes which gave rise to the Russian financial crisis of 1998. Before the main dissection the author provides a comprehensive literature review of the existing articles dedicated to the collapse of Russian financial markets in August 1998. It is found that the crisis was mainly due to short-sighted economic policies of the Russian government which run budget deficits and heavily borrowed and the Central Bank of Russia which maintained overvalued exchange rate. The framework of currency crisis models is used to analyze the causes and development of the crisis. Since this financial cataclysm was of complex nature all three generations of currency crisis models provide some explanations for the crisis. However, the third generation is found especially beneficial including the theories of herding behavior, contagion and spill-over effects.
(2006, 3500 words)
The paper examines the reasons behind the increasing phenomena of financial crises looking at financial liberalisation, the policies of the International monetary fund (IMF), etc. Financial situation in Brazil, Argentina, Indonesia and South Korea is described highlighting the causes of behind the East Asian crisis.
(2006, 3500 words)
The paper examines the causes of the financial crises in Mexico and South-East Asia in the 1990s reviewing the events prior to the crises in both regions of the world, and examining the effects of the devaluation of the currency, liberalisation of the financial sector, exchange rate policies, capital inflows, current account deficit, etc.
(2006, 3000 words)
The paper examines the causes and consequences of the crisis in the Japanese banking system in 1990s analysing the factors behind the asset price bubble, the decline in real estate prices, the small profit margin of Japanese banks, deregulation, etc.
(2005, 4000 words)
The paper investigates the causes and consequences of the Korean financial crisis in 1997 reviewing the situation in the countrys financial markets and analyzing the impact of the crisis on Korean economy and government policies with respect to open capital market, central bank, inflation, etc.
(2006, 2000 words)
The paper examines the implications of financial liberalisation focusing on the Asian financial crisis of 1997 and discussing the reasons why the crisis started in Thailand. The impacts of the Asian crisis on the Thai economy and its consequences for Russia and Brazil are reviewed.
(2005, 1500 words)
The paper analyses the causes and consequences of the recent financial crises in Argentina and Brazil reviewing opinions on Latin American dollarization, the original sin theory, the issues of debt management and monetary policy, the debate over exchange rate regimes, the need for economic reforms, etc.
(2005, 4000 words)
The paper reviews theories of currency crises describing their types (first-generation, second-generation) and causes, and focusing on the Asian financial crisis of 1997. The consequences of financial liberalization are analysed; Asian industrial policies are reviewed focusing on Korea.
(2005, 1500 words)
The paper examines the causes of the Asian financial crisis of 1997 relating its history and looking into the dangers of financial liberalisation. An overview of Thailands economy is given highlighting the problems of financial institutions, the faults in the governments policy and the lack of regulation.
(2005, 4000 words)
The paper examines the mechanisms of preventing financial instability reporting on the advantages and disadvantages of capital controls used after the recent financial crises in Thailand and Malaysia. A review of theories on capital controls is provided; their application in the economies of both countries is discussed.
(2005, 5000 words)
The paper goes into the history and current activities of the International Monetary Fund (IMF) giving an overview of its purposes and financial assistance to developing countries. A case study is provided arguing the implications of the IMF policy in relation to the current financial crisis in Argentina. Social position of women in Argentina is discussed.
(2005, 3000 words)
The paper looks at the Asian financial crisis of 1997 revealing the use of economic tools by East Asian governments. The economic situation in Asia prior to the crisis is described; the use of macroeconomic policy, exchange rate policy and financial system is analyzed seeking to answer the question whether or not the crisis could have been prevented.
(2005, 7000 words)
The paper reviews the theories of financial crisis aiming to explain the causes of the financial crisis in Russia in 1998. The weaknesses in Russian economy over the 1990s are identified; the effect of the Asian crisis on Russian economy is argued. Currency crisis models of three generations are reviewed and applied to the situation in Russia.
(2005, 2500 words)
East Asian financial crisis of 1997-98 was one of the biggest financial crises in the recent times. Its enormity and impact was beyond comprehension. Suddenly some of the world's fastest growing economies turned into economic untouchables. Their growth rates plummeted from strong plus 5 % to negatives. During the crisis however hard the governments tried, their currencies kept falling and some ultimately reached to even less than one-fourth of value prior to the crisis. Policy changes by governments and international help also couldn't stop the initial hemorrhage. This paper looks at the alternative views on the causes of East Asian financial crisis
(2005, 2000 words)
This paper looks at 102 firms that issued junk-bonds during 1970-1980s and got into financial distress. Different methods of restructuring on asset and liability side are outlined, and their success of avoiding bankruptcy by following each method is stated.
(2003, 5000 words)
This assignment is looking into the Argentinean currency crisis, the causes, the effects, and the resolutions that we recommend in order for the Argentinean economy to stabilise then become a credible financial environment for external and internal investors.
(2002, 4300 words)
Conclusion.
Our opinion is that this crisis is real and has fundamental roots in the Russian micro-economy. Until meaningful industrial restructuring puts Russian economy on an internationally competitive footing; until legal, regulatory, tax and other reforms are implemented to nurture an entrepreneurial revolution; and until a real banking sector and other financial intermediaries critical to the efficient allocation of capital emerge, Russias industrial base will continue to decay and its economy will wither. The international response to the current crisis, therefore, should be aimed at the underlying failures of the Russian postcommunist transition. In the midst of this crisis, the international community appears to have understood that it cannot help the Russians until the Russians first help themselves. Major new assistance should await evidence that the Russian political dynamic has altered and that economic reform has finally gained traction. Of course, nowadays, we have seen very important changes in Russias economy, which, is in the best shape it has been since the collapse of the Soviet Union nearly ten years ago. The steep depreciation of Russia's currency, the ruble, in the aftermath of the August 1998 financial crisis increased the competitiveness of Russian exports, and a sharp rise in oil prices in 1999-2000, along with increased political stability following the election of Vladimir Putin as president in March 2000, allowed the country to enjoy its strongest economic growth in a decade.
(2003, 2500 words)
The Asian Financial Crisis had a tremendous impact on not only on economies of the Asian countries but also on the economy of other countries including USA. The following paper describes briefly the Asian Financial Crisis and attempts to evaluate the impacts on other western countries and USA. Moreover, the paper identifies effects of the crisis on the main industries of the US economy
(2003, 1900 words)
In conclusion, when dealing with international finance, we must always consider why particular events occur rather than taking them for granted, and even then there are always different opinions of what will happen. All of these opinions must be taken seriously to prevent future crises from occurring and will help to keep the economy stable in general. Investment should be to promote a better lifestyle for all rather than for profit-maximisation. Risk-taking should be based on the risks themselves rather than the emotional state of the investor at the time. Ordinary people should take the time to understand the financial world that we are living in today. The day that people lay aside their greed and have nothing to fear is the day where the world economy will be truly global.
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