debt affected by this crisis, so this Greek issue was concerned about in this sense. The Greek financial crisis was controlled by Greek government and also European Union. However, the fundamental solution was not done. So, in our report, we will examine closely about the Greek financial crisis- the causes and background, fiscal and monetary policy about the crisis, and the current situations.
This is a Model that is attached to differentiated principle
and competitions between Central and Local Governments
(1) Administrative Decentralization System
: Financial decentralization Role Sharing system is not distinct
(2) Cooperative Decentralization System
: This is a system emphasizing the Importance of Financial
Roh Moo Hyun period’s government
Increase in welfare and tried to distribute wealth
Pursued the welfare government based on Keynesian policy
Aimed at rational reform govt, integrated-nation govt, openness govt, and hopeful government
3 main state affairs’ goal: realization of democracy, construction of balanced society, and construction of North East Asian society with peace and prosp
consolidated financial statement, report of independent registered public accounting firm, share holder information, board of directors and so on.
HP ’s annual report include CEO letter first. And it introduce their major member and executive team. From Form 10-K, their report is listed. it has 15 items by 4 parts (like Financial Statements , Financial highlights)
Sindohri
2. Conventional Wisdom And The Crisis
Why it is that Fiscal policy is back in fashion.
1. One argument suggests that as Monetary and credit policy reached its limit policymakers had no other choice but to rely on fiscal policy more heavily.
2. The other argument is that as the recession across countries was expected to last long, fiscal stimulus would have enough time to yield beneficial i
1. Fiscal 2001 Compared to Fiscal 2000
Net income은 2000년에 1.8% 증가했다.($579.1->$589.7). 이러한 NI 증가의 주요 원인은 실질 법인세율이 상당히 낮았기 때문이다.
Nike의 Brand 수입은 2001년에 (2000년 대비) 다른 국제 시장에서 9.8% 상승 한데 반해 내수 시장에서는 1.8% 증가했다. 이는 apparel과 equipment에서 in-line product에
확장적 재정기조 유지로 당분간 차입과 부채가 높아질 것으로 예상
FY2009년 말(2010년 3월) 기준 공공부문의 순차입 규모는 1,776억파운드(GDP의12.6%), 순부채 규모는 7,989억파운드(GDP의 55.6%)로 추정
순차입 규모는 재정건전화계획(FiscalConsolidation Plan)에 따라 FY2010년에 GDP의 12.0%에서 FY2014년 GDP의 4.4%까지 줄
Inflow of investments into Indonesia
New President SBY: Increasing use of economic diplomacy
Bolstering financial sector resilience
Fostering infrastructure development
Fiscalconsolidation
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Quick response to short-term impacts of the Crisis
Robust foundation, Strengthening the underpinning of economy
Responding to Financial crisis
Erase city government's features.
Welfare populism :To get the support as much as possible in the election term, they
pledge some welfare policy policy. It brought out many problems.
Solutions
City government fiscal decentralization.
Curtail unnecessary and luxurious projects.
Reference successful Foreign policies.