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Anglický jazyk
Iceland 2008. From a Banking Crisis to a Sovereign Debt Crisis
Autor: Malte Vieth
Seminar paper from the year 2012 in the subject Economics - Finance, grade: 2,3, Johannes Gutenberg University Mainz, course: Seminar Financial Institutions, language: English, abstract: During the current financial crisis which started in the year 2007... Viac o knihe
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O knihe
Seminar paper from the year 2012 in the subject Economics - Finance, grade: 2,3, Johannes Gutenberg University Mainz, course: Seminar Financial Institutions, language: English, abstract: During the current financial crisis which started in the year 2007 with the bust of the
American housing market and peaked with the collapse of Lehman Brothers we
observe that many countries face difficulties with their domestic banking system.
For instance Germany had problems with several Landesbanken, the Hypo Real
Estate (HRE) and with Commerzbank or the United States struggled with the
collapse of Merrill Lynch and Bear Stearns leading to an enforced merger with Bank
of America and JP Morgan Chase respectively. In other countries problems in the
banking system were more dramatic. After rumors in the United Kingdom about a
collapse of Northern Rock people went immediately to the branches to withdraw
their deposits. The picture spread the world when people waited outside in a queue
of a branch of Northern Rock to get inside. To prevent a domestic bank run in the
United Kingdom the government nationalized several financial institutions such as
Royal Bank of Scotland; afterwards holding a stake of 95% in this particular
institution. Nowadays Spain faces a huge banking crisis after the bust of the Iberian
housing bubble. But what is the problem of having a banking crisis?
- Vydavateľstvo: GRIN Verlag
- Rok vydania: 2014
- Formát: Paperback
- Rozmer: 210 x 148 mm
- Jazyk: Anglický jazyk
- ISBN: 9783656632481
