Essays on Barajas

Global Financial Crisis in the US

Introduction It was hard for the economists, professional analysts and policymakers among other players in the financial industry to foresee the crisis in the US mortgage lending industry in 2007 that resulted in the world's worst economic recession in two years' time (Sher and Iyanatul 2010). Initially, there was a housing bubble characterized by high house prices, low-interest rates, more support for subprime mortgage and increased speculation by the buyers (Acharya and Schnabl 2010). Eventually, there were decline of house market prices, increased lending rates and increased default and foreclosures by the mortgagors (John 2009). Notably, by mid-2008 the ...

Impact of the GFC (Global Financial Crisis) on Banking Activities

Global Financial Crisis was caused by the failure of free market forces economic ideology. In 2007, the American financial environment was thrown in to turmoil with most households finding it difficult to meet the high rates of mortgage. This was followed by tightening of credit by financial institutions as a control measure against possible bad debts (Goodhart, 2008, p. 331). The crisis later spread to Europe, Asia and Africa. Evidently, the GFC posed a great threat to financial institutions, which are dominated by banks.

Banks refer to the intermediary institutions which lend money to units with deficits and borrow from ...

This report presents an assessment and analysis of the Australia football league in terms of the sustainability of the league. Additionally, the paper discusses the arguments that are made for the expansion of the league which include the money factor, support to local infrastructure, employment creation and building a base for a future viable football business. The argument discussed against the expansion of the league is in terms of salaries and wages for players, financial capability of the clubs and the impact it might have on the environment. The paper draws attention to the economic justification to the changes in the ...