As a consultant working jointly for the Bank of England and the Board of Governors of the US Federal Reserve System, I have to give leveraged advice without making explicit recommendations about the current financial situation, and the international economies of these two…
f bailouts, in which major industries are saved by the government from financial ruin, after which they either can pay the government back, or become partially or completely owned. In my perspective as a consultant, I advise both governments that the situation has changed somewhat due to these bailout reactions. No explicit mention of macroeconomic factors is made, and the report focuses on policy.
In the last two years, policy changes have taken place superficially, although the UK and US financial systems remain fundamentally unchanged. New public scrutiny may continue to change this trend to emphasize a more mandatory nature of releasing financial disclosure reports, thus easing anxiety. As a consultant, I would state that US and UK leaders may or may not pay close attention to disclosure and transparency in business operations. “The imploding British economy has set off deflation in key asset classes, particularly real estate. Unemployment is skyrocketing, having reached an official figure of 6.7 %, or 2.1 million jobless” (Financial, 2009, 1). The basic assumption of the current report is that the fundamental financial system has not changed in the wake of financial crisis, in either the UK or the US, when looking at the long-term rather than the short-term.
The US and UK financial systems are very similar in terms of basic policy; much of US law and other systems were changed only slightly after the American Revolution, and many systems in the US retain UK and European roots, including the economy. The root of the financial systems of both countries is the commercial bank. Historically, commercial banks have been around since the beginnings of history, during the development of monetary systems in early trading between kingdoms and empires. Banking is a very old institution, and most of the commercial banking rules and regulations in place in the US, as mentioned, are actually inherited from European systems of banking from the colonial era, ...
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According to Mavrakis (2009, pp. 2 – 5), Islamic finance has emphasised on trying to remove completely any interest involved in financial transactions. The Quran, which is the Divine revelation presented to Prophet Mohammed, who is the Prophet of Islam, expressly forbids charging of interest, or riba, and Prophet Mohammad himself emphasised on this as mentioned in the Hadith, which is the other source of Islamic law, the Shariah.
To explain the origin of these crises, I will start by explaining different phases of ‘The Great Bubble Transfer’, which led to speculative bubble in the home mortgage market. Under each of these phases, it will be explained how lax of regulation and other factors led to this crises.
It is with this fact that science has been able to form the very foundations of man and his ambiance’s relationship. He learns and manipulates the environment for his own betterment. This betterment is now fast becoming more vibrant and sizeable, to achieve a win-win situation for the people.
The author is sure that technological developments have also had adverse effects on people’s health, such as contributing to mental and physical illnesses, creating the “superbug,”, and causing allergic reactions. Therefore, technological developments have not only had positive effects on human health but there have been negative effects as well.
The number of authorized banks in the UK totalled to about 690 in 2004. Although the number of UK incorporated banks declined over the past decade there was a significant increase in their average size and financial strength. The total number of authorized banks increased largely due to the growing presence of European Economic Area (EEA) banks.
, p/E ratio, Tobins q and Efficient market hypothesis by critically evaluating these models in terms of relevancy to the issue of overvaluation of the stock market. The last part of paper decides whether there is truth to overvaluation and whether said overvaluation is true. It
and UK in order to achieve a constant economic growth despite the external factors that affect these countries’ economic activity. The current major external factor that affects the activity of U.S. and UK is the long-term effects
However not only the lending sector is the main effected sector of the market but also due to credit crunch, other sectors especially services and manufacturing sectors seem to be the target also.
The short run scenario does not seem to be promising as the crises
This factor has been and will continue to be one that triggers international financial incidents, and in some cases they may result in what are termed as a crisis. A crisis is defined as “…an unstable or crucial time or state of affairs in which a