Comments on: Effects of Global Financial Crisis of 2008–2009 http://www.dxal.net/effects-of-global-financial-crisis-of-2008%e2%80%932009/ Health, Finance, Science and Technology! Thu, 05 Jan 2012 22:50:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mohammad barakat http://www.dxal.net/effects-of-global-financial-crisis-of-2008%e2%80%932009/comment-page-1/#comment-6543 mohammad barakat Mon, 09 Nov 2009 13:57:20 +0000 http://www.dxal.net/?p=58#comment-6543 affect of the financial crices on stock market and its couses ?? please help. affect of the financial crices on stock market and its couses ?? please help.

]]> By: admin http://www.dxal.net/effects-of-global-financial-crisis-of-2008%e2%80%932009/comment-page-1/#comment-5 admin Fri, 23 Jan 2009 02:40:47 +0000 http://www.dxal.net/?p=58#comment-5 Effects of the Global Financial Crisis on Developing Countries and Emerging Markets Three pieces of information provide interesting insights into current policy issues related to the global financial crisis. The first is a quote of Joseph Stiglitz’s, Whither Socialism, published in 1994 (1990 Wicksell lectures), warning of the problems facing American financial institutions: • Inadequate capital requirements, which resulted in insufficiently capitalized institutions having an incentive to take excessive risk • Inadequate incentives for banks not to engage in risk taking • Inadequate monitoring by regulators The second is the crude observation in October 2008 that developed countries responded to the global financial crisis safeguarding their own banking systems to the tune of $2-4 trillion, as if only national tax payers mattered with no respect for international linkages (and no common EU position on banking or fiscal issues). Will the future hold improved global and regional economic co-operation? The final piece of news reminds us of how slow some developing countries are to react to the greatest global recession since the 1930, thinking that they might be unaffected. President Kgalema Motlanthe of South Africa moved only last week to mitigate the effects of the financial crisis when the government decided to set up a special task team to look at how best to cope with the knock-on effects of job losses. How will each developing country cope with and respond to the crisis? Effects of the Global Financial Crisis on Developing Countries and Emerging Markets
Three pieces of information provide interesting insights into current policy issues related to the global financial crisis.

The first is a quote of Joseph Stiglitz’s, Whither Socialism, published in 1994 (1990 Wicksell lectures), warning of the problems facing American financial institutions:
• Inadequate capital requirements, which resulted in insufficiently capitalized institutions having an incentive to take excessive risk
• Inadequate incentives for banks not to engage in risk taking
• Inadequate monitoring by regulators
The second is the crude observation in October 2008 that developed countries responded to the global financial crisis safeguarding their own banking systems to the tune of $2-4 trillion, as if only national tax payers mattered with no respect for international linkages (and no common EU position on banking or fiscal issues). Will the future hold improved global and regional economic co-operation?

The final piece of news reminds us of how slow some developing countries are to react to the greatest global recession since the 1930, thinking that they might be unaffected. President Kgalema Motlanthe of South Africa moved only last week to mitigate the effects of the financial crisis when the government decided to set up a special task team to look at how best to cope with the knock-on effects of job losses. How will each developing country cope with and respond to the crisis?

]]> By: admin http://www.dxal.net/effects-of-global-financial-crisis-of-2008%e2%80%932009/comment-page-1/#comment-4 admin Fri, 23 Jan 2009 02:39:28 +0000 http://www.dxal.net/?p=58#comment-4 Global economic crisis shows effects on families Effects of the global economic crisis have already started showing a negative impact on growing economies, such as Zambia, with only a few people managing to spend for Christmas. According to a survey carried out this morning by ZANIS, people said it is hard to do shopping because there are no funds to meet the needs of many families. Most people expressed concern about lack of funds to do shopping because prices have been hiked so much, making it difficult for many people to buy gifts for their beloved ones. Alfonsaias Haamanjanti said people should not over-spend unnecessarily but consider critical things such as school fees and uniforms for children when schools reopen. Global economic crisis shows effects on families
Effects of the global economic crisis have already started showing a negative impact on growing economies, such as Zambia, with only a few people managing to spend for Christmas.

According to a survey carried out this morning by ZANIS, people said it is hard to do shopping because there are no funds to meet the needs of many families.

Most people expressed concern about lack of funds to do shopping because prices have been hiked so much, making it difficult for many people to buy gifts for their beloved ones.

Alfonsaias Haamanjanti said people should not over-spend unnecessarily but consider critical things such as school fees and uniforms for children when schools reopen.

]]> By: admin http://www.dxal.net/effects-of-global-financial-crisis-of-2008%e2%80%932009/comment-page-1/#comment-3 admin Fri, 23 Jan 2009 02:36:56 +0000 http://www.dxal.net/?p=58#comment-3 Effects Of Global Financial Crisis Emerge In Senegal Not much has been heard from Africa about the impact of the global financial crisis that has sent markets tumbling, banks collapsing and homeowners fearing foreclosure. But there is concern on the world's poorest continent that the financial fever and fallout will be contagious. In dusty downtown Dakar, the bustling capital of Senegal, many residents may not fully follow the complexities of the recent financial turmoil on Wall Street and beyond. But the Senegalese are no strangers to the word "crisis." They face a crisis of survival daily. As night falls in Dakar, street vendors desperately try to offload a few more items before the close of business. Many are too busy to talk. But Moustapha Diouf was keen to share his views about the impact of the global financial crisis on Africa. Effects Of Global Financial Crisis Emerge In Senegal
Not much has been heard from Africa about the impact of the global financial crisis that has sent markets tumbling, banks collapsing and homeowners fearing foreclosure. But there is concern on the world’s poorest continent that the financial fever and fallout will be contagious.

In dusty downtown Dakar, the bustling capital of Senegal, many residents may not fully follow the complexities of the recent financial turmoil on Wall Street and beyond. But the Senegalese are no strangers to the word “crisis.” They face a crisis of survival daily.

As night falls in Dakar, street vendors desperately try to offload a few more items before the close of business. Many are too busy to talk.

But Moustapha Diouf was keen to share his views about the impact of the global financial crisis on Africa.

]]> By: admin http://www.dxal.net/effects-of-global-financial-crisis-of-2008%e2%80%932009/comment-page-1/#comment-2 admin Fri, 23 Jan 2009 02:30:20 +0000 http://www.dxal.net/?p=58#comment-2 How the global financial crisis affects India The key question confronting the economy now is the backwash effect of the American (or global) financial crisis. Central banks in several countries, including India, have moved quickly to improve liquidity, and the finance minister has warned that there could be some impact on credit availability. That implies more expensive credit (even public sector banks are said to be raising money at 11.5 per cent, so that lending rates have to head for 16 per cent and higher -- which, when one thinks about it, is not unreasonable when inflation is running at 12 per cent). For those looking to raise capital, the alternative of funding through fresh equity is not cheap either, since stock valuations have suffered in the wake of the FII pull-out. In short, capital has suddenly become more expensive than a few months ago and, in many cases, it may not be available at all. How the global financial crisis affects India
The key question confronting the economy now is the backwash effect of the American (or global) financial crisis. Central banks in several countries, including India, have moved quickly to improve liquidity, and the finance minister has warned that there could be some impact on credit availability. That implies more expensive credit (even public sector banks are said to be raising money at 11.5 per cent, so that lending rates have to head for 16 per cent and higher — which, when one thinks about it, is not unreasonable when inflation is running at 12 per cent).

For those looking to raise capital, the alternative of funding through fresh equity is not cheap either, since stock valuations have suffered in the wake of the FII pull-out. In short, capital has suddenly become more expensive than a few months ago and, in many cases, it may not be available at all.

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