Search results “Global financial crisis analysis and policy implications”
The 2008 Financial Crisis: Crash Course Economics #12
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1786995 CrashCourse
American Recession - The Financial Crisis of 2007 & 2008 - The Great Global Recession explained
Download the Poket News App - http://bit.ly/2J3IxV3 #StudyIQ Pendrive Courses for Various Govt. Exams, Click here http://bit.ly/2QcdLOd to know in detail OR Call 95-8004-8004 UPSC/CSE - This is our Flagship & Most Selling Course. This course covered Length & Breadth of UPSC vast syllabus and made by Elite & Very best faculties from all over India with StudyIQ Trust. Click here http://bit.ly/2QbHfM7 to watch Demo Videos, Course Content, Authors, Etc. SSC & Bank - This is our oldest Course, made by Founders of StudyIQ. 1000+ videos so far and new videos added every week. Click here http://bit.ly/2QaG3ZE to know more. UPSC Optionals - We have covered almost all major UPSC Optionals. Click here http://bit.ly/2QqTKUU to find yours State Exams PSCs - Currently we have 18 States covered, More to come, Choose your state. Click http://bit.ly/2Qgv6G0 to watch demo videos, know about authors and all. Defense Exams - CDS, NDA, CAPF, SSB, AFCAT, Airforce. Click here http://bit.ly/2zT8MbP to get into the Army, Navy or Airforce SSC JE Exams - Civil, Mechanical, Electrical, Electronics. Click here http://bit.ly/2G8eDQ0 to know more RBI Grade B - Grade B is the most popular Job after IAS. This course made by well-experienced faculties of Study IQ. Click here http://bit.ly/2DAtlwm to watch demo videos, Authors, Course content. NTA NET - Start your preparation for UGC(NTA) NET prestigious exam. We have courses for both Paper 1 & 2. Click here http://bit.ly/2HnhFNQ to check UPSC Prelim Test Series - Our flagship test series for UPSC Prelims. More than 60% Sucess rate in 2018. Click here http://bit.ly/2Ea4Rtx to enroll right now DMRC Exams - Courses for Delhi Metro Technical & Non-Technical Exams. Click here http://bit.ly/2Q4cFS8 to know more Insurance Exams - LIC, NICL, and other insurance exams. Click here http://bit.ly/2VpbXjE to know more Law Exams - Find courses for Undergraduate and Judiciary Exams. Click here http://bit.ly/2Jk4G31 to check Railway Jobs - More than 1.5 Lac jobs to come this year. Start your preparation with us for Tech or Non-Tech posts. Click here http://bit.ly/2Ti5NB6 to check the available courses Teaching Jobs - CTET, DSSSB. Click here http://bit.ly/30oBgWP to know more NABARD Grade A - https://goo.gl/C6CzAL Have a doubt? Click here http://bit.ly/2qWhdOI to start instant Chat with our Sale team or you can #Call_9580048004 _ Download the Poket News App - http://bit.ly/2J3IxV3 Follow us on Instagram - http://bit.ly/2K0uXEH Click here http://bit.ly/2V5GN0h to Sponsor Study IQ UPSCIQ Magazine - http://bit.ly/2DH1ZWq || Bank IQ Magazine - http://bit.ly/2QxyNmJ Daily Current Affairs - http://bit.ly/2VDIuT0 Download All Videos PDFs - https://goo.gl/X8UMwF || Join StudyIQ on Telegram - https://goo.gl/xBR3g8 Monthly Current Affairs - http://bit.ly/2UAXktE Topic Wise Current Affairs - http://bit.ly/2VHxiZw Free PDFs - https://goo.gl/cJufZc || Free Quiz - https://goo.gl/wCxZsy || Free Video Courses - https://goo.gl/jtMKP9" Follow us on Facebook - https://goo.gl/iAhPDJ Telegram - https://t.me/Studyiqeducation The Hindu Editorial Analysis - https://goo.gl/vmvHjG Current Affairs by Dr Gaurav Garg - https://goo.gl/bqfkXe UPSC/IAS Burning Issues analysis- https://goo.gl/2NG7vP World History for UPSC - https://goo.gl/J7DLXv Indian History - https://goo.gl/kVwB79 Follow us on Facebook - https://goo.gl/iAhPDJ Follow Dr Gaurav Garg on Facebook - https://goo.gl/xqLaQm UPSC/IAS past papers questions - https://goo.gl/F5gyWH SSC CGL + IBPS Quantitative tricks - https://goo.gl/C6d9n8 English Vocabulary - https://goo.gl/G9e04H Reasoning tricks for Bank PO + SSC CGL- https://goo.gl/a68WRN Error spotting / Sentence correction https://goo.gl/6RbdjC Static GK complete- https://goo.gl/kB0uAo Complete GK + Current Affairs for all exams- https://goo.gl/MKEoLy World History - UPSC / IAS - https://goo.gl/kwU9jC Learn English for SSC CGL, Bank PO https://goo.gl/MoL2it Science and Technology for UPSC/IAS - https://goo.gl/Jm4h8j Philosophy for UPSC/IAS - https://goo.gl/FH9p3n Yojana Magazine analysis -https://goo.gl/8oK1gy History for SSC CGL + Railways NTPC - https://goo.gl/7939eV
Views: 83271 Study IQ education
The Current Financial Challenges: Policy and Regulatory Implications
ORIGINALLY RECORDED March 8, 2008 Join Federal Reserve Bank of New York president and chief executive officer TimothyF. Geithner as he discusses his perspectives on the political and regulatory climate inlight of the current global economic trends. SPEAKER: Timothy F. Geithner, President and Chief Executive Officer, Federal Reserve Bank of New York PRESIDER: Charlene Barshefsky, Senior International Partner, Wilmer Cutler Pickering Hale and Dorr LLP; Former U.S. Trade Representative (1997-2001) http://www.cfr.org/world/current-financial-challenges-policy-regulatory-implications/p23633
Understanding the Financial Crisis in Greece
In which John Green discusses the history of Greece's deficit and debt problems, the challenges of adopting the Euro and living with the Eurozone's monetary policy, and the possibility of the so-called Grexit--a Greek exit from the Euro. Sources for this video: Anil Kashyap's Primer on the Greek Crisis: http://faculty.chicagobooth.edu/anil.kashyap/research/papers/A-Primer-on-the-Greek-Crisis_june29.pdf The New York Times' introduction: http://www.nytimes.com/interactive/2015/business/international/greece-debt-crisis-euro.html History of the European Debt Crisis: https://en.wikipedia.org/wiki/European_debt_crisis The Economist's excellent coverage of Greece, bailouts, debt woes, and how the banking system works now: http://www.economist.com/topics/greece and especially http://www.economist.com/blogs/freeexchange/2015/07/greeces-economy-under-capital-controls?zid=307&ah=5e80419d1bc9821ebe173f4f0f060a07 And thanks very much to Rosianna: https://www.youtube.com/user/missxrojas for all of her help gathering facts and images. All mistakes, as always, are my own. ---- Subscribe to our newsletter! http://nerdfighteria.com/newsletter/ And join the community at http://nerdfighteria.com http://effyeahnerdfighters.com Help transcribe videos - http://nerdfighteria.info John's twitter - http://twitter.com/johngreen John's tumblr - http://fishingboatproceeds.tumblr.com Hank's twitter - http://twitter.com/hankgreen Hank's tumblr - http://edwardspoonhands.tumblr.com
Views: 1037648 vlogbrothers
Aid, Debt, and Economic Development Unit:  Structural Adjustment Policies (SAPs)
Your IB Economics Course Companion! This is video 8 of 8 videos in “The Aid, Debt, and Economic Development Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGRNf975oVbGMAPmyIYdRo1 The List! Here is the “The List” for “The Aid, Debt, and Economic Development Series” For an explanation of the logic of “The Lists” click here: https://youtu.be/dE0fbsgXlFE Why Aid? 1. Help after natural disaster 2. Help achieve economic development 3. Help strengthen political or strategic alliances 4. Help fill the savings gap 5. Help improve quality of human resources 6. Help improve levels of technology 7. Help fund specific development projects Humanitarian Aid 1. Food aid 2. Medical aid 3. Emergency aid Development Aid (Official Development Assistance or ODA) 1. Long-term loans 2. Tied aid 3. Project aid 4. Technical assistance aid 5. Commodity aid Types of official aid 1. Bilateral aid 2. Multilateral aid The World Bank Group 1. The International Bank for Reconstruction and Development (IBRD) 2. The International Finance Corporation (IFC) 3. The International Development Association (IDA) 4. The Multilateral Investment Guarantee Agency (MIGA) 5. The International Center for Settlement of Investment Disputes (ICSID) Concerns about aid 1. Aid for political reasons 2. Tied vs. untied aid 3. Tied aid = a subsidy in another country 4. Food aid bad in long term 5. Increased dependency 6. Increased income gap 7. Forced to accept certain economic policies Non-government Organizations 1. Oxfam 2. CARE 3. Mercy Corps 4. Cafod 5. Greenpeace 6. Amnesty International 7. Medecins Sans Fronteras (Doctors Without Borders) Indebtedness 1. Third World Crisis of 1970s 2. The International Monetary Fund (IMF) 3. Structural Adjustment Policies 4. The Washington Consensus 5. Debt-relief frees up resources for social spending a. Boosting social spending b. Reducing debt service c. Improving public debt management I hope you find these videos helpful to your study of Economics. Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 21471 Econ Course Companion
Economic Policy for the 21st Century
Presented by Professor John Quiggin, Australian Laureate Fellow in Economics at the University of Queensland Current discussion of economic policy in Australia is backward looking, dominated by the policy issues of the late 20th century, and in particular the microeconomic reform agenda of the 1980s and 1990s. By contrast, policy problems and opportunities that have arisen in the 21st century, including climate change and the Global Financial Crisis, are barely considered. In this lecture, the implications of these issues for economic analysis will be discussed, and a policy response will be outlined.
Municipal Debt: Global Economic Implications and Policy Options
Former New York Lieutenant Governor Richard Ravitch discusses the potential global economic implications of U.S. municipal debt.
The Global Financial Crisis: Will Hutton and Martin Wolf in conversation with Professor David Held
Speaker: Will Hutton; Martin Wolf Chair: Professor David Held This event was recorded on 20 October 2008 in the Old Theatre, Old Building Will Hutton is chief executive of the Work Foundation. Prior to this, he spent four years as editor-in-chief of The Observer and continues to write a weekly column for the paper. He is also a governor of LSE. Martin Wolf is associate editor and chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 "for services to financial journalism". He is also an honorary graduate of LSE.
Debt Sustainability Analysis in Normal and Crisis Times
Speakers: - Cinzia Alcidi (Senior Research Fellow and Head of Economic Policy Unit, CEPS) - Daniel Gros (Director, CEPS) Recording of the online seminar on 17 January 2019. Seminar organised in cooperation with the Center for European Policy Studies (CEPS) More information: http://fbf.eui.eu/event/online-seminar-debt-sustainability-analysis/?instance_id=337 Accurately assessing the sustainability of debt trajectories is crucial to map sovereign vulnerabilities, to ensure financial stability and to reduce decision-makers’ uncertainty. This is valid in normal times – as part of fiscal surveillance exercises that can lead to possible early warning signals – but becomes even more relevant in crisis times – as part of the assessment that precedes the provision of financial support (such as via the Outright Monetary Transactions programme for example). Debt Sustainability Analysis (DSA) is thus subject to the classic mix of rules and discretion In this online seminar, held in cooperation with CEPS, Cinzia Alcidi (Senior Research Fellow and Head of Economic Policy Unit) and Daniel Gros (Director) will guide us through what constitutes state-of-the-art DSA. For this, they will elaborate on the approaches of both the International Monetary Fund and of the European Commission which they find to be complementary rather than alternative in nature. Alcidi and Gros’ presentation will include a deep-dive into two recent illustrative cases: Greece and Italy and will provide recommendations
The Euro Crisis and Its Implications
European Debt Crisis - Investors' Blackbox? Open Professor Herzog's "Investors' Toolbox" to see the euro crisis in a new light Dr. Henning Stein interviews Prof. Dr. Bodo Herzog and DWS-Chief-Economist Johannes Müller about the European Debt Crisis. Professor of Economics at ESB Business School, Reutlingen University Bodo Herzog provides several innovations and enhancements to existing perspectives about the root causes and economic impacts of the euro crisis. He presents his novel approach to understanding the crisis through an accurate analysis of how implicit debt, especially foreign debt holdings, have significant negative effects on the domestic growth of European states.
Views: 563 DWS Deutschland
The Global Financial Crisis Revisited
Speaker: Will Hutton; Martin Wolf Chair: Professor David Held This event was recorded on 11 May 2009 in Old Theatre, Old Building Journalists Will Hutton and Martin Wolf discuss the global financial crisis. What are its dimensions? Have governments done enough to avoid the worst economic outcomes? And is the global economy teetering on the edge of depression?
Monetary and Fiscal Policy: Crash Course Government and Politics #48
Today, Craig is going to dive into the controversy of monetary and fiscal policy. Monetary and fiscal policy are ways the government, and most notably the Federal Reserve, influences the economy - for better or for worse. So we’re going to start by looking at monetary policy, and specifically how the Federal Reserve uses interests rates as a means of controlling (or at least attempting to control) inflation. We’ll then move onto fiscal policy - that is the government’s use of taxation to raise and spend money. It’s all, well, pretty controversial, but as it seems Americans hate taxes the most, monetary policy is most often used - meaning that the Federal Reserve plays a hugely significant role in steering the U.S. economy. Produced in collaboration with PBS Digital Studios: http://youtube.com/pbsdigitalstudios Support is provided by Voqal: http://www.voqal.org All attributed images are licensed under Creative Commons by Attribution 4.0 https://creativecommons.org/licenses/... Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashC... Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 416842 CrashCourse
Deficits & Debts: Crash Course Economics #9
What is debt? What is a deficit? And do these things have different outcomes for individuals and nations? Adriene and Jacob answer all these questions and more on this week's Crash Course Econ. Deficit and debt are easy to misunderstand, but luckily, they're also pretty easy to understand. This week we'll explain what deficit and debt are, and talk about what the sources of deficit and debt are for the US Government. Also, we'll take a very special trip to Cliffordonia to try and understand these concepts and get a look at what a colonial-era space program might have looked like. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 695957 CrashCourse
Global Policy Forum Series: "Global Economic Trends and Challenges: A Canadian Perspective"
Paul Jenkins, CIGI Distinguished Fellow, speaks to participants at the CIGI Global Policy Forum, an exclusive, invitation-only series of talks offering authoritative analysis on policy-relevant issues affecting Canada and its place in the world. Launched in 2012 by The Centre for International Governance Innovation (CIGI), and held at the Rideau Club in Ottawa, the CIGI Global Policy Forum offers audience members access to a wide range of distinguished speakers: policy experts and influencers shaping the world's debates and discussions on global economic, security, development and environmental issues.
What Caused the '08 Financial Crisis: Free Markets or Government?
Was the 2008 financial crisis caused by market distortions or market failure? Former CEO of BB&T Bank John Allison debates Moody's economist Mark Zandi. _____ Subscribe to our YouTube channel: http://youtube.com/reasontv Like us on Facebook: https://www.facebook.com/Reason.Magaz... Follow us on Twitter: https://twitter.com/reason Subscribe to our podcast at Apple Podcasts: https://goo.gl/az3a7a Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. _____ That was the topic of a public debated hosted by the Soho Forum in New York City on February 20, 2019. It featured John Allison, former CEO of BB&T Bank and former CEO and president of the Cato Institute, and Mark Zandi, the chief economist of Moody's Analytics. Allison argued that market distortions led to the financial crisis, and Zandi attributed the crisis to market failure. Soho Forum Director Gene Epstein moderated. It was an Oxford-style debate, in which the audience votes on the resolution at the beginning and end of the event, and the side that gains the most ground is victorious. Allison prevailed by convincing about 10 percent of audience members to change their minds. Today Allison is an executive in residence at the Wake Forest School of Business. He's author of The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope (McGraw-Hill, 2012). Zandi is the author of Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis. The Soho Forum, which is sponsored by the Reason Foundation, is a monthly debate series at the SubCulture Theater in Manhattan's East Village. Produced by Todd Krainin. Music: "Modum" by Kai Engle is licensed under a CC-BY creative commons license.
Views: 18224 ReasonTV
Defining Financial Stability
The Stanford Finance Forum was a one-day conference devoted to the issue of bank capital and liquidity. In this segment, Eric Rosengren discusses "Defining Financial Stability, and Some Policy Implications of Applying the Definition." Rosengren is President and Chief Executive Officer, Federal Reserve Bank of Boston. Related Links: http://www.gsb.stanford.edu/sff/agenda.html
Ray Dalio: How The Economy Works, Financial Crisis and China (2018)
An interview and Q&A with billionaire investor and founder of the world's largest Hedge fund Bridgewater Associates, Ray Dalio.In this interview, Ray discusses how the economy works and the mechanisms that drive it. Ray also talks about financial crises throughout history and the future of China. 📚Books by Ray Dalio and his favourite books are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Stock Market Investor videos:⬇ Ray Dalio on Hedge funds, Success and Life/Work: http://bit.ly/RDVid1 Charlie Munger on Common sense and Investing:http://bit.ly/CMVid1 Billionaire James Simons: Conquering Wall Street with Mathematics:http://bit.ly/JSVidIA Video Segments: 0:00 Introduction 1:12 Reboot of Bridgewater? 4:31 Engineering chicken McNuggets? 6:36 What's the engineering background of the economy? 10:31 What did you learn from speaking to people about Principles? 13:54 Radically transparency and thoughtful disagreement? 17:30 What makes crises follow the same mechanical cycles? 23:09 What era does today most remind you of from history? 25:13 How parallel is a growing China to the 1930’s? 28:35 Are we at risk of a war with China? 31:34 Is the widening gap of inequality a cause of the financial crisis? 32:33 Speed round 36:27 Start of Q&A 36:42 Why have you kept growing the firm despite being so successful? 38:13 In the end the policy makers always print? 40:30 Which economy will fall first? 41:49 In the long term where are the US markets going? 46:32 How do you teach someone they ‘don’t know’? 50:40 Is Billions based on you? 51:16 Is the US overleveraged? Implications of this on currency? 56:34 Where do you see China’s debt situation today? Ray Dalio Books 🇺🇸📈 (affiliate link) Principles: Life and Work: http://bit.ly/PrinciplesDalio A Template For Understanding Big Debt Crises:http://bit.ly/BigDebtCrises Ray Dalio’s Favourite Books🔥 The Lessons Of History: http://bit.ly/LessonsofHistory Security Analysis: Sixth Edition:http://bit.ly/Securityanalysis http://bit.ly/BigDebtCrises Interview Date: 19th November, 2018 Event: Masters in Business Original Image Source:http://bit.ly/RDalioPic11 Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising. #InvestorsArchive
Views: 7755 Investors Archive
India's World: IMF Scrutiny for Pak
In this Episode of India's World focuses on the huge Chinese infrastructural debt was responsible for the economic crisis in Pakistan but Pakistan not ready acknowledge that according to Pakistan FM Asad Umar told that it is not due to CPEC. Various other reasons are also associated with it. Pakistan’s financial stability in jeopardy and they required USD 11.7 billion to clear their external debt in current fiscal year 2018-19. Anchor : Frank Rausan Pereira Guest : Prabhu Dayal, Former Ambassador : Dr. Sreeram Chaulia, Professor & Dean, Jindal School of International Affairs : Saikat Datta, South Asia Editor, Asia Times
Views: 66726 Rajya Sabha TV
The Global Economy After Greece
As the G20 meets amid the global financial crisis, The Agenda examines where things stand with the fragile European Union and the struggling global economy.
Industrializing amidst a global financial crisis -1/7
Opening remarks by Liane Schalatek, Heinrich Boll Foundation North America. Video from the panel discussion, "Industrializing amidst a global financial crisis: Is it possible?" Convened by the Center of Concern, Center for Economic and Policy Research and Heinrich Boell Foundation on March 12, 2009 in Washington, DC.
Views: 1075 CenterofConcern
McHugh Statement on National Security Implications of the Global Financial Crisis
Rep. John M. McHugh (NY), the top Republican on the U.S. House Committee on Armed Services, delivered this opening statement during a March 11th hearing on the national security implications of the global economic crisis.
Views: 55 HASCRepublicans
All Of The Economic Momentum Is Heading To Economic Collapse 2019 Stock Market CRASH!
Shocking video of the imminent economic collapse and the next Great Depression. Unfortunately, we have witnessed a dramatic shift in recent months, and we just got some more really bad economic numbers.  Thanks to those bad numbers and an increasing amount of anxiety about the trade war, the Dow Jones Industrial Average crashed 900 points last week.  That means that we are on pace to potentially see the Dow crashing for a sixth week in a row, and that is something that hasn’t happened since the last economic crisis and stock market crash. But right now investors are far more spooked about what is going on in the bond market.  According to Mish Shedlock, we haven’t seen this many yield curve inversions “since the start of the last economic collapse”… On Friday, US Treasury yields plunged at the mid to long end of the curve providing the most inversions since the start of the Great Recession. Recent data points suggest US earnings and economic risk is greater than most investors may think,” wrote Michael Wilson, the firm’s chief U.S. equity strategist.This is the biggest recession warning since 2007. In so many ways, what we are witnessing at this moment is very reminiscent of the conditions that prevailed just prior to the last financial collapse. Back then, the economic numbers were definitely starting to slide, but most Americans didn’t think that we were heading toward the next major stock market crash and economic meltdown.  But those that understood what was happening were sounding the alarm, and the same thing is happening today. A resolution to our trade war with China would be a huge economic boost in the short-term, but that is not likely to happen for the foreseeable future.  In fact, on Monday President Trump stated that he is “not ready” to make a deal with China. And the Chinese are clearly digging in as well.  The chief editor of the Global Times, Hu Xijin, has a very close relationship with top Chinese officials, and he just warned that China “is seriously considering restricting rare earth exports” to the United States. A deteriorating relationship with China is part of the scenario that we have been anticipating, and events are definitely starting to accelerate now. For most Americans, however, there is no reason to be concerned.  Most of us simply trust that our leaders in Washington have things under control and that everything will work out just fine somehow. But if we do plunge into another deep economic crisis, many Americans will be in enormous trouble right away.  Just like last time around, most Americans are living on the edge financially. And just like last time around, millions of Americans will be completely blind-sided by an economic train wreck that they didn’t see coming. America is headed for a day of reckoning, and author Michael Snyder is sounding the alarm.  His novel about the future of America entitled "The Beginning Of The End" and his best-selling book about the end times entitled "The Rapture Verdict" are both available on Amazon.com. Michael Snyder's author page: https://amzn.to/2YFl1D3 The Beginning Of The End: https://amzn.to/30jNS18 The Rapture Verdict: https://amzn.to/2LPZo10 Get Prepared Now: https://amzn.to/2JJHj24 Living A Life That Really Matters: https://amzn.to/2LNgrAS Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo. Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
Views: 92528 Epic Economist
Financial Crisis Danger: Aliber & Sargen Identify What Investors Can Do To Protect Themselves
Where is the next financial crisis developing? How can investors protect themselves? Answers from two crisis experts, Robert Aliber, Editor Manias, Panics, and Crashes and Global Shocks author, Nicholas Sargen. WEALTHTRACK #1317 broadcast on October 14, 2016.
Views: 10256 WealthTrack
Economic Schools of Thought: Crash Course Economics #14
We talk a lot about Keynesian economics on this show, pretty much because the real world currently runs on Keynesian principles. That said, there are some other economic ideas out there, and today we're going to talk about a few of them. So, if you've been aching to hear about socialism, communism, the Chicago School, or the Austrian School, this episode is for you. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 907197 CrashCourse
The Government Shutdown and Debt Crisis: What it Means for the Economy | The New School
The Schwartz Center for Economic Policy Analysis (http://www.newschool.edu/scepa) hosts three New School economists to discuss the economic fallout of the government shut down. Professors Teresa Ghilarducci, Rick McGahey and Christian Proaño discuss the causes of the shutdown, the economic implications of increasing or not increasing the debt ceiling, and what will happen if an agreement is not reached by the deadline of October 17. The event ends with an audience Q&A. Department of Economics | http://www.newschool.edu/nssr/economics The government is closed. Federal workers aren't getting paid. Markets are down and Wall Street lobbyists are flooding Capitol Hill in desperation. Some members of Congress are willing to see the United States default on our debt for the first time in our history. Is this just political theater or are there larger economic consequences to this new normal of extreme political brinkmanship? Panelists: Teresa Ghilarducci, Chair of the Economics Department at The New School for Social Research, and Director of the Schwartz Center for Economic Policy Analysis Rick McGahey, Professor of Professional Practice in Public Policy and Economics and Director of Environmental Policy and Sustainability Management Christian Proaño, Assistant Professor of Economics Schwartz Center for Economic Policy Analysis (SCEPA) | http://www.economicpolicyresearch.org The Schwartz Center for Economic Policy Analysis (SCEPA) is the leader in providing alternatives to mainstream economics. An economic policy research center within The New School's Department of Economics, our projects empower policy makers to create positive change. With a focus on collaboration and outreach, we provide scholars, nonprofits, and government officials with original, standards-based research on key policy issues. Location: Tishman Auditorium, Alvin Johnson/J.M. Kaplan Hall Tuesday, October 15, 2013 at 9:00 am
Views: 1435 The New School
Financial Stability, the Global Economy, and Monetary Policy
The Becker Friedman Institute for Economics at the University of Chicago (BFI) welcomed Charles Evans, the President and CEO of the Federal Reserve Bank of Chicago, and Lars Peter Hansen, the David Rockefeller Distinguished Service Professor at the University of Chicago, for a special panel discussion during the Graduate China Forum. Evans and Hansen evaluated the post-financial crisis regulatory framework in the United States, broader global economic conditions, and their interactions with U.S. monetary policy.
European Economic Crisis 2010 Ms. Crossans
By Emily Vanderpool, Andrew Perratore, and B.DUN. Ms. Crossan's period 9 class. Ap world history 2010.
Views: 161 FLHSAPWorld
Global Risks for Low-Income Countries:  Views on the IMF Perspective
Most low-income countries (LICs) recovered swiftly from the 2008-9 global crisis and have grown strongly since early 2010. But progress in rebuilding macroeconomic buffers has been slow, and the LICs are now less well prepared to deal with external shocks than they were before the crisis. At a time when the risks to the global outlook are intensifying, a new IMF study finds that many LICs would struggle to cope with a renewed global downturn. In a second report, the IMF and World Bank explore the role contingent financial instruments—such as commodity hedging, contingent debt, and insurance—could play to help LICs manage global volatility. IMF staff will present the key findings of these studies, highlighting the policy implications for LICs and the international community, with comments by expert discussants to follow.
REDEFINING GROWTH For The 21st Century | Global Financial Forum | Dubai
Martin Wolf Chief Economics Commentator Financial Times Overview: Martin Wolf forecast that while the world economy will grow reasonably rapidly in the 21st century, it will probably not grow as quickly and, crucially, not in the same way as in the second half of the 20th and early part of the 21st Century. He focused his remarks on three major themes – secular trends, the legacy of the financial crisis of 10 years ago, and the outlook for the future. Highlighting the transformative shift in relative economic power underway from developed to developing nations, particularly in Asia and China, he explored the implications for the incomes of the poorest, richest and the squeezed middle classes. He touched on how productivity, innovation and efficiency have slowed dramatically from the highs of the mid-20th century, and he predicted a very sizable climate disruption in the middle part of this century. On the legacy of the recent global financial crisis, Martin noted that the great underlying trade globalisation story is definitely over, and that trade growth across the globe has not returned to pre-crisis levels. Additionally, he forecast the continuation of the previously unprecedented zero interest rate environment of the past 10 years as policy makers across the world seek to manage the massive and shifting debt overhang of mature economies, against a backdrop of rising inflationary pressures, stagnant or falling incomes, and growing populism. The impact of the global financial crisis on and the dilemmas facing a slowing China were also addressed, as US led trade tensions threaten confidence and the prospects for much needed investment-led private sector growth. In concluding Martin shared his expert analysis on the outlook for the coming decades suggesting that trade tensions, changing geo-political dynamics between the world’s superpowers, and rising debt levels, make the future look fragile. Demand in the next 30 years will be driven by Africa, the Middle East and Asia, as Europe shrinks. Annual growth over the next 20 years is expected at 3% driven largely by Asia. By 2050, while the US and developed economies will still be the richest, the prediction is that East and South Asia will be the world’s economic centre. #GFF2019 #GlobalFinancialForum #Dubai
Views: 128565 DIFC
Reforming the Global Architecture of Financial Regulation – the G20, the IMF and the FSB
The CIGI Global Policy Forum is an exclusive, invitation-only series of talks offering authoritative analysis on policy-relevant issues affecting Canada and its place in the world. Launched in 2012 by The Centre for International Governance Innovation, and held at the Rideau Club in Ottawa, the CIGI Global Policy Forum offers audience members access to a wide range of distinguished speakers: policy experts and influencers shaping the world’s debates and discussions on global economic, security, development and environmental issues. Speaker: Malcolm D. Knight, CIGI Distinguished Fellow
Fiscal Policy and Stimulus: Crash Course Economics #8
In which Jacob and Adriene teach you about the evils of fiscal policy and stimulus. Well, maybe the policies aren't evil, but there is an evil lair involved. In this episode we learn how government use taxes and spending influence the economy. Sometimes the government gives, and sometimes it takes. And the giving and the taking can have a profound effect on how economies behave. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 978392 CrashCourse
What the 19th Party Congress tells us: Panel discussion on policy implications
On November 2, the John L. Thornton China Center at Brookings hosted a two-part event to analyze the outcomes of the Chinese Communist Party (CCP) 19th Party Congress. https://www.brookings.edu/events/new-team-new-agenda-what-the-19th-party-congress-tells-us/ (transcript available) Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Views: 5770 Brookings Institution
Kaushik Basu - The Structural Roots of the Global Economic Crisis - 31 October 2015
About the Speech: In this address, Kaushik Basu presented his analysis of the causes of the global financial crisis and the subsequent slowdown in the Eurozone economies. He analyzed the main risks to sustained growth from around the world and discussed the reforms needed to re-energize the global economy. Dr. Basu argued that we need to move away from the polarized debate on fiscal austerity to the more micro-analytic foundations of macroeconomic policy. About the Speaker: Prior to assuming his position with the World Bank, Dr. Basu was Chief Economic Adviser to the Government of India and is currently on leave from Cornell University where he holds a chair in Economics. Dr. Basu, who did his PhD from LSE and received honorary doctorates from other institutions, including IIT, Bombay, has done research in development economics, welfare economics, industrial organization and game theory.
Views: 1234 IIEA1
Sayuri Shirai - Unconventional Monetary Policy
About the Speech: Since the global financial crisis, major central banks, such as the Bank of Japan, the European Central Bank, the Bank of England and the Federal Reserve, have adopted unconventional monetary policies in a bid to increase inflation and boost sluggish economic growth. In her address, Dr Shirai examined some of these unconventional policies, which have included asset purchases and negative interest rates. She argued that while central banks are committed to achieving price stability, they increasingly need to look at the issue of financial instability. Dr Shirai also provided her assessment of other unconventional monetary policies that have yet to be utilised by major central banks, in particular the concept of ‘helicopter money’. About the Speaker: Dr Sayuri Shirai is a Professor at Keio University in Tokyo and a Visiting Scholar at the Asian Development Bank Institute. Dr Shirai was a Member of the Policy Board of the Bank of Japan from April 2011 to March 2016. She supported the Bank of Japan’s Quantitative and Qualitative Monetary Easing programme in 2013 and its subsequent expansion in 2014, however she voted against the negative interest rate policy introduced in January 2016. Prior to joining the Bank of Japan, she was a Professor of Economics at Keio University and she also taught at Sciences Po in Paris between 2007 and 2008. She is the author of numerous articles in professional journals and has published eleven books on topics including China’s exchange rate system, Japan’s macroeconomic policy and the European debt crisis. She is currently writing a book in English about the Bank of Japan’s monetary policy.
Views: 150 IIEA1
Bill Mitchell: Demystifying Modern Monetary Theory
In a challenge to conventional views on modern monetary and fiscal policy, Professor Bill Mitchell of Newcastle University in Australia has emerged as one of the foremost exponents of Modern Monetary Theory (MMT), a heterodox challenge to the prevailing paradigms which dominate how mainstream economics is taught and economic policy implemented. In his works, and the interview below, Mitchell presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.
Views: 74469 New Economic Thinking
Economics of Brexit (3) Micro and Macro Effects of the UK leaving the EU
In this third video of three looking at aspects of Brexit, we take a synoptic look at some of the micro and macro issues relating to the UK leaving the EU customs union and single market. Key industries that many students might focus on are: agriculture, pharmaceuticals, chemicals, aviation, cars and universities. - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 7051 tutor2u
Global turmoil has implications for Australia
European and US markets have suffered their biggest falls since the height of the global financial crisis in 2008.
GFC Part 4 MDGs, Policy Responses, Lessons Learned
2001 Nobel Prize Winner Dr. Michael Spence delivers his message on the global financial and economic crisis during the Forum on the Global Financial Crisis held on February 17, 2009 at the NEDA sa Makati Building, Makati City, Philippines. In the fourth part, Dr. Spence talks about the implications of the crisis on the achievement of the Millennium Development Goals. He also discusses immediate and long-term policy responses that governments can do in response to the crisis as well as lessons learned from earlier crisis that could be considered in addressing the current situation.
Views: 95 PEPCBMS
Facing the Global Financial Crisis:Reflection and Action from a Global Perspective
Streaming video of a lecture with H.E. Maria Teresa Fernandez de la Vega Sanz, Vice President of Spain on the topic of "Facing the Global Financial Crisis: Reflection and Action from a Global Perspective." Opening remarks and introduction: Dr. Serene Jones, President, Union Theological Seminary Date: December 16, 2008
Part Three of Six Parts_ Credit As A Public Utility_ The Solution to the Economic Crisis.flv
via dandelionsalad.wordpress.com and with permission from Richard C. Cook Part Three of Six Parts: Credit As A Public Utility: The Solution to the Economic Crisis "The Collapse of the Financial System" Written and Produced by Richard C. Cook Summary: The collapse we are seeing today began in the financial system, not the producing economy. The crisis started with the housing bubble which the Federal Reserve created by cutting interest rates and then brought own by raising them. The trigger of the 2008 bank meltdown was refusal by European banks to purchase any more "toxic" U.S. debt based on mortgages and sold as securities. Now, with the decline in equity values, the burden of debt in our economy has grown even larger. Thus a renewal of bank lending will not solve the problem, while the economic stimulus program of the Obama administration is likewise insufficient to restore economic health. Richard C. Cook is a former U.S Treasury analyst who also worked in the Carter White House and for NASA and writes on public policy issues. His new book is We Hold These Truths: The Hope of Monetary Reform (Tendril Press 2009). His website is www.richardccook.com. He is a member of the U.S. Basic Income Guarantee Network and has been an adviser to Congressman Dennis Kucinich and the American Monetary Institute. Purchase the DVD at Richard C. Cook's website
Views: 1353 CornFlu
CATA Alliance- Impact of major global economic crisis on Canada'a Tech Industry
Sir Terence Matthews, CATA's National Spokesperson and Chairman, MITEL speaks about how the major global economic crisis has affected Canada's tech sector and specific issues the government needs to tackle; SRED Tax Credits, IRAP funding, government procurement, government programs - test beds
Views: 1227 adebroy2000
Measuring Australia’s Digital Trade - Dr Md Shahiduzzaman, QUT Chair in Digital Economy
The Future of Trade Presented by QUT Faculty of Law Intellectual Property and Innovation Law Research Program, QUT Institute for Future Environments, and QUT Chair in Digital Economy Wednesday, 10 April 2019 8:30am to 5:00pm The Future of Australia’s Digital Trade: Trends and Measurement Issues Dr Md Shahiduzzaman, Research Fellow, QUT Chair in Digital Economy Abstract In October 2017, digital technology company Clipchamp received the Premier of Queensland's Export Award. Clipchamp provides a patent-protected in-browser video-production technology stack, which has been sold to international brands, such as Snapchat, McDonald's, Nike, ESPN, New York Times, the Royal Household, Google, Volvo and many more. With more than 4.3 million registered users, 95% of Clipchamp customers are coming from outside Australia. While we celebrate digital exporters, little information on digital trade currently exists, and we fail at measuring the trade volumes accurately. It is expected that by 2025 Australia's trade value chain will be mostly digital. How do we capture the values of digital trade? What are Australia's present trends and future prospects of digital exports? These questions have significant implications to policy, such as market access, trade facilitation and skills development. In this study, we review the measurement and patterns of Australia's digital trade, information gaps and their implications to the policy. Biography Dr Md Shahiduzzaman is a productivity analyst and researcher in digital economy at the Chair in Digital Economy, Queensland University of Technology (QUT). He has been actively researching on the impacts of technology to economy, industries and fast-growth small-to-medium enterprises for long. Dr Shahid has published +50 papers in the areas of economic growth, productivity and digital economy – many of these published in leading international journals such as International Journal of Productivity and Performance Management, Telecommunications Policy, Economic Analysis and Policy, Economic Change and Restructuring, Journal of Rural Studies, Energy Economics, Global Environmental Change and so forth. Shahid’s work has also been published in the Conversation and Australian Financial Review and industry reports. He has led national and international research projects.
Views: 26 IP Observatory
Aula 3 | Modern Money Theory | Prof L. Randall Wray
LECTURE 3 – MODERN MONEY THEORY (Institute of Economics, Campinas, Unicamp, August 9th, 2018) In this lecture, that is the third of the Course of Modern Money Theory, Professor L. Randall Wray goes in detail into Modern Money Theory, and deals with the main criticisms to this approach. His starting point is the idea of Tax Driven Money, meaning that government spends first, and then collects taxes. Given that, he goes in detail about monetary and fiscal policy and how the Treasuries and Central Banks operate in modern economies. Taking that, he faces the question: which are the constraints to the functioning of modern economies? Bibliografia: Goodhart, C. The two concepts of money: implications for the analysis of optimal currency areas. European Journal of Political Economy, v. 14. Aug, 1998. Wray, L. Modern Money Theory: a primer on macroeconomics for sovereign monetary systems. Palgrave Macmillan, London, 2012. (Second Revised Edition 2015). Tymoigne, E. ; Wray, L. Modern Money Theory: a reply to critics. Working Paper, n. 778. Levy Economics Institute. Nov, 2013. Apresentação PPT: https://goo.gl/YjJ6xf Imagens: Alexandre Motta
Why Fed reliance on monetary policy rules slowed post-crisis recovery
David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at Brookings, talks with Narayana Kocherlakota about Kocherlakota’s paper in the Fall 2016 edition of the Brookings Papers on Economic Activity. https://www.brookings.edu/project/brookings-papers-on-economic-activity/ Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
The Malcolm Wiener Lecture in International Political Economy, Delivered by Jean-Claude Trichet
The Malcolm Wiener Lecture in International Political Economy featured former president of the European Central Bank, Jean-Claude Trichet. Mr. Trichet focused his talk on the economic recessions--particularly in Europe--and analyzed the strategies and approaches to fixing the economic crisis. Most notably, he discussed how the strategies used were far beyond the textbook, and as such, required careful consideration of repercussions. Overall, Mr. Trichet conveyed the incredible complexity of the problem and the vast amount of work and analysis need to pursue solutions. Part of Mr. Trichet's larger message though, was that the recent economic crises in the U.S and Europe were and eventual part of a larger global pattern of recessions. These recessions are hard lessons for countries, but ultimately will result in stronger, more stable economies. Harvard University President Emeritus Lawrence Summers moderated the lively question and answer session. March 22, 2011
Views: 14084 Harvard University
Fictitious Capital in the 21st Century | Dr Cédric Durand |  SOAS University of London
"Fictitious Capital in the 21st Century" was a seminar given by Dr Cédric Durand (University of Paris 13 and EHESS, France) at the Department of Development Studies, SOAS University of London on 5 February 2019. Find out more at http://bit.ly/2V57DKM Ten years after the great financial crisis we are still living under financial hegemony. The social and political wounds of the crash are far from being repaired. However, at institutional and structural levels most of the features of financial power are still in place and, arguably, even reinforced. How can we explain this resilience of financialisation? What are the socioeconomic implications? This talk will examine these issues in light of Marx’s concept of fictitious capital and more recent research it has inspired. After presenting the explanatory power of this concept, the notion of financial hegemony will be explored and linked to the features of the 2008 crisis. The analysis then proposes a critical appraisal of crisis management policies implemented after the crash and its European aftershock. It will focus on the socioeconomic content of the very idea of financial stability, which is the cornerstone of contemporary macroeconomic policies. Cédric Durand is an economist and associate professor at Paris 13 University. He teaches development theories at the EHESS and is on the scientific board of the MSH Paris Nord. Working within the tradition of Marxist and French Regulationist Political Economy, he studies globalisation, financialisation and contemporary mutations of capitalism. He recently published Fictitious Capital (Verso, 2017) and is on the editorial boards of the Revue d’économie industrielle and the online journal Contretemps. Organiser: Dr Feyzi Ismail
Fiscal Space of Korea: Implications for Debt Management and Fiscal Policy
[Go to related Report] http://goo.gl/NdbXid There are growing concerns in Korea over the continued increase in the government debt ratio. At the same time, there are also opinions claiming that an expansion is necessary in response to the sluggish economy due to the current ample fiscal space. Fiscal space refers to the gap between the current debt level and debt limit, which means the maximum increase in government debt that can be repaid with tax revenue. If the size of debt exceeds this level, a sovereign default may be triggered. The IMF estimates Korea’s fiscal space to be 203% of GDP and Moody’s 241%, categorizing it as a fiscally sound country with Norway and Australia. KDI estimated the current level of fiscal space and economic burden of a rapid debt expansion up to the fiscal space. The results of the analysis reveal that Korea’s fiscal space is mainly obtained through hikes in the labor income tax, and currently marks 225% of GDP. If government debt was to also increase by 225% of GDP, a rate hike of 25%p in the labor income tax would be required. This, in turn, would reduce total production, consumption and investment by over 20%. These findings imply that even if fiscal space is of considerable size, it may be excessively costly to actually reach such a debt ratio. Furthermore, fiscal space may contract on sluggish economic growth or increasing social security expenditure due to population aging. For example, fiscal space would fall to 179% of GDP on a 2%p fall in the economic growth rate. If government transfer payments increase 1.5 fold of the current level, fiscal space would decline to 60% of GDP. If both occur simultaneously, fiscal space falls to 40%. Indeed, such risk factors could diminish Korea’s future fiscal space and a government debt of such a size could place a heavy burden on the national economy, so, the management of government debt should be continually examined The primary operational deficit expanded from 2012 to 2015 then reduced in 2016, implying that government debt management has started to improve. In the mid-term, debt management efforts will become stronger until 2019, but weaken again thereafter. [Interview] It is desirable to maintain the efforts to manage government debt while carefully responding to the mid- to long-term fiscal demand. Fiscal expansion should be executed if necessary, but the size of expansion should be carefully decided considering the economic costs of increasing government debt and the fiscal risks contracting the future fiscal space. Meanwhile, it is necessary to reduce government debt when the growth rate of the tax revenue is relatively high in order to reduce the costs related with government debt in the medium to long run.
Daryl Guppy, Financial Crisis & The China Economy: Part 2
http://www.tripletradingprofits.com Stuart McPhee interviews with one of his mentors, Daryl Guppy in Dalian, China. Both Stuart and Daryl presented at the Global Chinese Financial Forum in Dalian, China on Thursday 30th October 2008. Guppy comments on the current financial crisis, the effects on China's economy, and why the USD has been strengthening while their economy is collapsing. Listen as Guppy talks about the opportunities now appearing in China.
Views: 1461 djenyns
Aulas 6 | Minsky and Financial Keynesianism | Prof L. Randall Wray
LECTURE 6 - MINSKY AND FINANCIAL KEYNESIANISM (Institute of Economics, Campinas, Unicamp, August 155h, 2018) In this lecture, the sixth oh the Modern Money Theory Course, Professor L. Randall Wray goes back to Minsky’s early contributions, including his concerns with poverty and unemployment and his critique to the traditional Keynesian approach. The Financial Instability Hypothesis is presented as Minsky’s main critique of financial capitalism. Professor Wray also discusses Minsky’s stages approach of capitalist economies, and finally points out some policies that, according to this view, could help promote stability. Bibliografia: Minsky, H. The Financial-Instability Hypothesis: capitalist processes and the Behavior of the Economy. 1982. Hyman P. Minsky Archive.  (http://digitalcommons.bard.edu/hm_archive/282) Papadimitriou, D. ; Wray, L. Minsky's Analysis of Financial Capitalism. Working Paper, n. 275. Levy Economics Institute. July, 1999. Apresentação PPT: https://goo.gl/4hR2V7 Imagens: Alexandre Motta
Geoeconomics of China-Pakistan Economic Corridor
Support CaspianReport on Patreon: https://www.patreon.com/CaspianReport PayPal: https://www.paypal.me/CaspianReport Bitcoin: 1MwRNXWWqzbmsHova7FMW11zPftVZVUfbU Ether: 0xfE4c310ccb6f52f9D220F25Ce76Dec0493dF9aA0 Bitcoin Cash: 1BKLti4Wq4EK9fsBnYWC91caK7NZfUhNw9 BAKU - Having pledged 62 billion USD in dozens of energy and infrastructure projects, the China-Pakistan Economic Corridor is one of the largest commercial initiatives in South Asia. The corridor stretches along the length of Pakistan and the combined value of all the projects equals all the foreign direct investment in the country since 1970. The megaproject also marks as China’s biggest overseas investment. Yet, a plan of this magnitude is not without its geo-economic challenges. Soundtrack: Crypto by Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/ Follow CaspianReport on social media. Facebook: https://www.facebook.com/caspianreport Twitter: https://twitter.com/caspianreport
Views: 257805 CaspianReport