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Organized by: Shatha Abdullah Al- zahrani. Course Number: 3143. Global Financial Crisis of 2008.
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Organized by:ShathaAbdullah Al-zahrani Course Number: 3143
Global Financial Crisis of 2008 We face a severe financial crisis of unprecedented dimensions in a world that has never before been so closely connected and interdependent. The consequences are global. The situation is volatile. The current financial crisis is rapidly becoming an economic crisis and threatens to become a social crisis in many countries.
How has theglobal financial crisis been developing? Beginning with bankruptcy of Lehman Brothers on Sunday, Septemberthe financial crisis entered an acute phase marked by failures of prominent American and European banks and efforts by the American and European governments to rescue distressed financial institutions. Afterwards, Iceland almost claimed to go bankrupt. Many financial institutions in Europe also faced the liquidity problem that they needed to raise their capital adequacy ratio.
What are the root causes of the financial crisis? There are two critical and related factors created the current crisis: 1)- profligate lending which allowed many people to buy overpriced properties that they could not, in reality, afford. 2)- the existence of excessive land use regulation which helped drive prices up in many of the most impacted markets.
What are the effects of global financial crisis?The global financial crisis led to: 1)- Global inflation. 2)- Credit crisis leading to the bankruptcy. 3)- Liquidity problem of financial institutions. (Mention four other effects of global financial crisis).
2. Nooooooooooooo, I don't want to see 1. Oh no...down again!
What are the solutions to this crisis? The solution to the global crisis was in religious texts including Quran bestowed to humanity thousands of years ago.(think of two solutions to this crisis).
Summary: $.Introduction.$.Developing of the global financial crisis.$.The factors and causes of this crisis.$.The effects of global financial crisis.$.Solution to this crisis.
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