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The economy crisis which has struck the world now has impacted immensely to almost everyone who is connected to financial world and that means everyone. There are so many people who have saved money for their bad phase and many more who are drowning deep in loans and mortgages as they wanted more money and profit for which they invested large amount of money when market was booming. The economy crisis which has struck the world is actually very misleading and the exact reasons are not very clear even after so many researchers and analysts are trying hard to figure out what exactly lead to global financial crisis. Some of the people have the view that it happened due to increase in oil and crude prices while other still believe that it happened due to war in Afghanistan. Few of the people believe that it's the conspiracy of the government and the big shot industrialists to swipe out the money from the retail market while other believe it's the last phase before the world war starts again. Well, it's just not the one reason but the combination of all the above factors and many more because such a big crisis |
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Early second quarter of 1997 saw something that was rather not expected so soon, Asian Financial Crisis. The crisis was so immense that almost every power houses and would-be power houses got under its veil. Such was the intensity that the world could have witnessed a global economic meltdown or in technical terms financial contagion. The Asian Financial Crisis is also commonly as the IMF crisis. Spectrums of problems were there for the turmoil that rocked and shattered the Asian market, but only few were the power house issues or the problems: > Foreign exchange shortage that lead the value of equities and currencies of Indonesia, South Korea, Thailand and other countries to plummet dramatically. > Poorly developed financial system and mechanisms for the allocation of capital into the troubled Asian economy > The operations, replenishments of funds, and the role of the IMF or the International Monetary Fund > Effects of crisis on World and The United States both Actually, the Asian Financial Crisis was triggered by two-rounds of, since summer 1997, currency depreciation. The first round started with a precipitous fall in the value of Malaysian Ringgit, Indonesian Rupiah, Philippine Peso and Thai Bhat. As the value of |
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When the entire global economy was preparing itself to fight with poverty, inflation, global warming etc, little was it known that he would have to fight a much tougher opponent in the form of financial crisis. The world woke up to a new reality, in fact a mayhem which is affecting everyone all across the globe. Last couple of months, the world has seen several major and top-of-the-line financial institutions absorbed by other major financial institutions, outright crash or receive government or federal bailouts. By the question is what caused the financial crisis? This financial crisis is just like a storm which was brewing for years and when touched its breaking point, destroyed that came in its way. Market instability Market instability was the most important reason behind the financial crisis. Many factors contributed for the same but the major cause was the change in the ability to generate new credit lines, which eventually dried the money flow and slowed the new pace of economic growth and above all selling and buying of assets. The other main factor for market instability was cheap credit. This cheap credit made it easy for the people to buy real estate properties, houses or |
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