StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The Current State of the Economy by Claomiris - Essay Example

Cite this document
Summary
The paper "The Current State of the Economy by Claomiris" describes that point being made that the ability for certain banks to merge would have played a role in the stability of the economy.  From an investment standpoint, that would mean great potential for those who seek to invest…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.4% of users find it useful
The Current State of the Economy by Claomiris
Read Text Preview

Extract of sample "The Current State of the Economy by Claomiris"

In the Claomiris article, the issue is the current state of the economy. Discussing what role, if any, deregulation would have played in the downturn that the economy has seen. The level at which government spending would have had anything to do with sliding the economy in a downward state. Describing the history of financial deregulation over the past 30 years. The chance for banks, both commercial and investment, to come together through merging. This being possible as a result of the Glass-Steagall Act of 1933.

Allowing such banks as J.P. Morgan Chase and Bank of America to acquire other financial institutions. Mention also of subprime lending as a possible instigator. Outlining further the history of economic crisis and how such circumstances play into a crisis like these. How these crises can have multiple causes and many intricacies. In the process of moving forward to find a solution to this financial crisis, many different options are available for consideration. The need to look at a situation like an economic crisis with logic and rational thinking, rather than emotions.

Social Psychologist suggestion that when in doubt, people look to believe whatever they can to get them through. Relevance to MKT 351 The article makes reference to the issue of regulatory practices which goes with the discussion in Chapter 12 having to do with regulation and its impact. Detailed in the section “Effect of Regulation on the Actions of Employers” Pages 573-575. Reactions: The discussion which Claomiris sets forth to have is quite relevant for the times. The issue of how the many different circumstances that can occur could lead to such an economic downturn for many people.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Current State of the Economy by Claomiris Essay, n.d.)
The Current State of the Economy by Claomiris Essay. Retrieved from https://studentshare.org/macro-microeconomics/1548914-wall-street-journal-write-ups
(The Current State of the Economy by Claomiris Essay)
The Current State of the Economy by Claomiris Essay. https://studentshare.org/macro-microeconomics/1548914-wall-street-journal-write-ups.
“The Current State of the Economy by Claomiris Essay”, n.d. https://studentshare.org/macro-microeconomics/1548914-wall-street-journal-write-ups.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Current State of the Economy by Claomiris

The U.S. Economy of Euro Falls

In the event the euro will fall, will this affect the economy of United States?... df Table 1 shows important information about the economy of the United States.... From these data we can see that in the event that euro falls, the economy of th... economy if Euro Falls Prior to the euro crisis, the currency has been positively viewed by financial experts and economists alike.... It is through engaging in the global commerce that a local economy is affected by the economic performance of its trading partners....
4 Pages (1000 words) Research Paper

John Maynard Keynes

Keynes, though presented a theory wherein the economy could become stagnant, and remain so, regardless of the amount of unused resources.... He initiated the "Keynesian Revolution" which split economics into two divergent paths; one away from a traditional laissez faire economic system and toward an economic theory that saw the government as an essential player in maintaining growth within a capitalist economy.... Keynes stressed the need for the government to intercede occasionally and exert force on the market economy (Romer 3; Skidelsky 5)....
11 Pages (2750 words) Essay

The Stock Market Crash of 1929 and Its Legacy in the US

Even in the current economic scenario even though many economies are facing a downturn, America is most hit.... The Great Depression is considered to be one of the most terrible phases in the history of the world economy.... In the paper “The Stock Market Crash of 1929 and Its Legacy in the US” the author examines the conditions that led to the Great Depression of 1929....
3 Pages (750 words) Assignment

The Current Financial Crisis in the US

What is, however, significant to note that the crisis created a kind of contagion effect on other sectors of the economy also and started to take deeper roots in terms of creating recessionary pressures on the economy?... This mismatching of the cash flows therefore created the credit crunch for other sectors of the economy and slowly started to engulf the whole economy.... The overall extent of the damage which has been done by the pundits in Wall Street, therefore, has made the economy crumbling on its knees and caused havoc in the international markets across the whole world....
8 Pages (2000 words) Case Study

The Difference Between Private and Public Debts

While it would be ideal for families to be free from debt, and it would be irresponsible for them to get into debt to help the economy, this makes sense for countries.... Putting some bonds into the economy provides a safe investment opportunity and helps to provide for infrastructure developments.... We can also see from this that this uneven enforcement can give countries an incentive to default that is not present in the domestic economy.... Another difference is that, while private debt is based on an individual family's economic situations or the micro-economy of a region, public debt is often based on entire market institutions and trends ( Reinhart and Rogoff, 2009, p....
10 Pages (2500 words) Case Study

The role of uncertainty in the transmission of monetary policy effects on bank lending

Bank's lending decision depends not only on the stance of monetary policy but is also affected by the uncertainty in the financial sector.... Kashyap & Stein (KS) framework… An increase in uncertainty leads to an increase in both total and C & I loans.... But the original KS model has received weak support....
5 Pages (1250 words) Essay

Analysis of Goldman Sachs Activity

the current strategy being used by the organization is that it is employing a new set of standards for strategic philanthropy in their operations.... It covers a wide range of business activities like asset banking, securities, asset management and monetary services.... Strategic profile of the company is made to be for long term....
12 Pages (3000 words) Case Study

Understanding the Impact of the Systemic Global Banking Crisis on Economic Growth

We cannot deny the fact that the infusion of money into the ailing economy by different governments helped stave off further economic problems from cropping up.... The responses of the central banks present very important economic implications that helped turnaround the economy.... Note that the economy follows certain cycles and sooner or later, we will hit again some snags in the banking industry that could lead to another global recession....
9 Pages (2250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us