StudentShare solutions
Triangle menu

The Impact of the Global Financial Crisis on Emerging Financial Markets - Literature review Example

Extract of sample
The Impact of the Global Financial Crisis on Emerging Financial Markets

Regulations create and establish rules that should be observed and respected by individuals, organisations or firms that operate within a particular industry or business. Anyone or any entity that does not act in accordance to the preset rules is in direct contravention of the law and is thus subject to punishment by law. The punishment to be handed down can either be in terms of fines, imprisonment or repossession of the respective business. However, in the free market, the allocation of market resources is solely on the foundation of supply and demand forces, this happens in the absolute absence of any form of government intervention. The question now becomes whether free market approach or pro-regulation approach is the best avenue to take in the Australian economy. When it is all said and done, regulation is the appropriate approach to take. This paper will endeavour to illustrate, with logical backing, why this approach is the most suitable one in the Australian perspective. This paper will evaluate twelve articles, which are either for or against, the introduction of legislation to the Australian environment. ...
The work by MJR Gaffikin (2005) strongly illuminates on this situation. Gaffikin notes that change in legislation might result in either an increase or decrease in the total expenses, to be incurred by the affected firms. He additionally cites the example of waste management. He explores this issue and ends up asserting that if firms are made to account for their waste management systems, many firms will have to invest more in their waste disposal mechanisms. This leads to a substantial increase in their overall operations cost. Thus, judging on this fact, then the free market approach is favoured. However, Michael gives a biased assertion that regulation aids in the creation of wealth, this is the view adopted by economists. This literal work is prejudiced in a manner that it does not back its assertions with hard facts. Nonetheless, the author has targeted the whole subject of regulation. In a situation whereby this article is the only information available on the projected impact of legislation, then the measure to be adopted would be to campaign for free market approach. However, this article does not take into factor in the general environmental effect of careless disposing of waste. When objectively analysing how the market would behave in the absence of government regulation, it is akin to analysing how children in the kindergarten would behave in the absence of their teacher. When there is no body of authority, individuals tend to act erratically as no accountability is necessitated. The thought of economy behaving this way is alarming if not depressing. This situation will favour the greedy at the expense of the good and ethical people. This is the view ...Show more


Accounting and Finance Literature Review Name Institution Date Introduction The issue of introduction of environmental regulation in the business community has spawned a lot of controversy and debate. Various parties, who are either for the introduction of regulation or, for the government to free the market, have sprung up to give an assortment of reasons why their stance is better suited for the Australian situation…
Author : samanthadeckow
The Impact of the Global Financial Crisis on Emerging Financial Markets
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the literature review on your topic
"The Impact of the Global Financial Crisis on Emerging Financial Markets"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Why Norway did much Better than Greece in the Global Financial Crisis
At a glance, the most obvious difference between Norway and Greece is that the former has been able to assert its sovereignty in the economic sphere while the latter has been tied to the rules and conditions of the EMU. However, it actually goes deeper than that.
12 pages (3000 words) Literature review
Financial Development and Industrial Growth: an empirical investigation of the manufacturing sector in China
In such a scenario, the well developed financial institutions become crucial for the efficient resource allocation, as against the shocks in the growth opportunities .Walter Bagehot and John Hicks had argued that the financial development in England had played a critical role in its industrialisation process by facilitating capital mobilisation.
11 pages (2750 words) Literature review
The effect of economic crisis to the marketing strategy of Volkswagen in Asian market - The Case of Vietnam
ure Review 1.1 Introduction The literature review presented in this section would try to shed light on the various factors relevant to the present research study. Since the primary objective of this research study is to gain an insight into the impact of global economic downturn on the marketing strategies followed by Volkswagen in the Asian market and Vietnam, it is necessary to review the existing literature related to the various impacts that the global financial crisis had on the automotive industry.
22 pages (5500 words) Literature review
Investment opportunities and risks in stock markets
Analysts have found that higher incidences of investment are being found in the emerging countries. The concentration of the Equity Portfolio Flows (EPF) is the highest among a cluster of emerging economies, Latin America being the biggest destination for foreign investors (Claessens, 1993).
14 pages (3500 words) Literature review
Comparison of credibility (accuracy) of S&P and Moody's ratings before and after the US financial crisis
These ratings tend to be sensitive depending on the economic climate; thus, many rating agencies have nowadays changed their rating model in response to the latest financial crisis that impacted the US financial markets. The rating process increases the bank capacity; thus, the discretion level tends to be higher especially where Moody’s ratings are employed (Laere, Vantieghem and Baesens 2012, P.4).
5 pages (1250 words) Literature review
Adopting Financial Product in Emerging Country: Thailand
Adopting Financial Product in Emerging Country: Thailand Marketing of Financial Product Financial products or services refer to any product or service which can be traded in the financial markets. Treasury bills and government bonds are most common and widely used examples of financial products.
14 pages (3500 words) Literature review
Launching new financial product in emerging market:
Source: (Yip, 2011) 17 Budgeting 17 Difficulties in the implementation 19 Ways to deal with difficulties 20 Reference list 21 Introduction The emerging markets of Asia have shown excellent signs of resilience and strength for the past two decades (Achrol, 2011).
15 pages (3750 words) Literature review
Undertake a review of the current literature to identify the key determinants of capital structure since the global financial crisis
It reveals the magnitude, nature along with the distribution on the basis of which financial funds are allocated in a particular organisation. The notion of capital structure signifies the assets and the liabilities of an organisation. In this regard, every organisation possesses a capital structure in accordance with which income along with expenses is determined.
5 pages (1250 words) Literature review
Adopting financial product in emerging country: the case study TMB bank in Thailand
ducts and services based on their maturity period, fixed or variable interest paying nature, source in terms of whether that source is deposit taking or non-deposit taking and others (Sathye, 2005, p. 45). There is a growing realisation amongst experts, academicians and
18 pages (4500 words) Literature review
How financial crisis affected businesses in the UK economy
UK, alongside USA, had also entered this financial crisis which disturbed one of the main hubs of global finance. The first big commercial bank that required an emergency funding from the
6 pages (1500 words) Literature review
Comments (0)
Click to create a comment
Let us find you another Literature review on topic The Impact of the Global Financial Crisis on Emerging Financial Markets for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
Join us:
Contact Us