The Problem Of Global Financial Crisis - 1122 Words

â€Å"Securitisation is the process whereby loans, receivables and other financial assets are pooled together, with their cash flows or economic values redirected support payments on related securities.† â€Å"Securitization first emerged in the 1970s with the sale of securities backed by residential mortIn the 21st century, economic problems have incurred an increasing number of people s attention as the economic develop rapidly, and these problems are usually caused by human themselves. For instance, the occurrence of Global Financial Crisis (GFC) in 2007 was induced by people themselves who expect that the economic level could be constantly maintained in the impractically high position, but there are lots of issues caused by such high level of economy. Even though the whole world economy is trying to recover from the Global Financial Crisis, but it still has some propagation effect to other countries until now. There are many factors could cause the Global Financial Crisi s, impractically high economic level is one reason that is mentioned previously, and another primary reason of Global Financial Crisis is the securitization. â€Å"Securitisation is the process whereby loans, receivables and other financial assets are pooled together, with their cash flows or economic values redirected support payments on related securities.† â€Å"Securitization first emerged in the 1970s with the sale of securities backed by residential mortgages†. (Dov Solomon, 2012) The narrow sense of securitisationShow MoreRelatedFinancial Crisis Of A Single Country1671 Words   |  7 Pages Table of Contents Summary 2 Financial crisis 3 Impact of financial crisis 4 Effect of financial crisis on different on the economies of different countries 5 Mathematical problems 6 Conclusiom 8 References ..................................................................................................................................................9 Summary Financial crisis has long been a part of global economic recession throughout the history. Here, the purpose of this assignmentRead MoreDiscuss the Importance of Ethics in Business in Light of the Recent Global Financial Crisis (Gfc)1119 Words   |  5 PagesThe 2008 global financial crisis has affected today’s economy severely based on the collapses on issues such as immoral practices, governance, regulations, enterprise ethics. 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Helleiner argues that IPE scholars could not have predicted the event precisely in regards to timing, but failed to observe obvious problems that came with amplified securitization