foreign exchange derivatives. The global falls in interest rates resulted in significant gaps between the fixed and floating legs of interest rate swaps. Widening credit spreads and increasing market volatility caused mark-to-market increases in the value of credit derivatives. After the crisis their percentage by 52% .Lower volatility within the financial markets, steepening yield curves in majo
financial crisis :
- Real estate values rose
High current deficits was risen simultaneously
in many countries
- Extraordinary levels of leverage used
The financial crisis were influenced by global imbalance :
Asians accumulated foreign reserves for better future (Saving Glut)
- Saving Glut influenced interests rate of developed countries to be low
Many methods of inve
Foreign affairs
Argentina, a major economic partner of Brazil, met the worst social and economic crisis on
December 20 2001, since the Great Depression. Three presidents are turned over in two weeks on
responsibility of financial crisis. During the last week of 2001, the interim government led by
Rodriguez Saa defaulted on the larger part of the public debt tot
II. 2. The progress of Yen carry trade
Since 1990s, Japanese government and central bank started lowering interest rate policies so that Yen carry trade has begun.
1) After Kobe Earthquake in 1995, the Bank of Japan lowers the interest rate at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in foreign bank as
I. Introduction
1. Luxury Market
In 2008, the Korean economy was greatly affected from the financial crisis of USA. As exports decreased and foreign trades deteriorated, corporation investments and productions decreased which led to downsizing. Furthermore, this led to lack of demand which deteriorated markets. This finally led to sales decrease which crumbled down companies leading to decrea
at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in foreign bank assets in 1997 and 1998 is accounted for by the increase in “bills bought.” The Japan premium ruling at the time meant that non-Japanese banks had a considerable pricing advantage over local Japanese rivals, and managed to exploit this advantage.
was a government-owned company. But because of financial crisis of Korea, the government started to sell its stock of POSCO as an expedient for introducing foreign capital. The privatization was complete in 2000 and a global professional management system was introduced. In 2002, it changed its name to ‘POSCO’ (Pohang Steel Company), which aims to become a global steel manufacturing company
Thailand’s Currency Crisis (IMF)
In 1997. 8. 5. Thailand request financial support to IMF (total amount $ 172 million).
Also in 1997, there are Capital Outflow by the hedge fund and Exhaustion of foreign exchange reserves. By carrying out the IMF’s Program, Thailand restored their trust in international society.
However, after IMF’s financial support, the Economics rate growth is turn in
foreigners, so as a result the number of visitors is not much increasing. Therefore our team will try to give creative and fresh consultancy to achieve rapid growth of Seoul tourism.
2. Situational analysis
a. Macro Environment
As global economic crisis has recovered (refer figure 3-a-1), we expect more people will visit Seoul in 2010. And many westerners have more leisure time due to decre
Crisis in Mali
MALI
Population: 15.4 million
GDP per capita: about $1,000
Agricultural society
(raw cotton)
H.D.I: 175 / 187countries
1960. 6. 20 Federation gained independence from France
① Modibo Keïta :1960~ 1968
- One-party state
- Socialist orientation
- Nationalization of economic resources
② Moussa Traoré : 1968. 11 ~ 1992
- 1968~1980 : dev