2008 Global Automotive Crisis: Causes, Effects & Recovery
In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will also have a look at how this crisis had affected car manufacturers in other major markets around the world notably Europe, Canada and the prominent Asian markets such as China and India. Finally, we will look at some of the other factors which were important to this event namely the energy crisis since the cost of fuel is directly related to the car industry.
Research Paper
Undergraduate
Economic Regression Analysis: Nigeria's Export and Service Sector
Analyzing economics through regression analysis is a commonly accepted research avenue in the realms of academia and research. However, it is certainly quite easy to do it wrong, do it incompletely or do it in a way that shows bias and/or a desired outcome and all of the above have to be avoided for the research outcomes to be reliable and valid.
Shadow Banking, the Subprime Crisis, and Regulatory Gaps
This paper examines the shadow banking system, its role in the subprime mortgage crisis, and failures of regulation within the shadow banking system. The term "shadow banking system" was coined by PIMCO's Paul McCulley in 2007 and refers to a banking system that includes financial intermediaries that are involved in creating credit across the global financial system, whose functions are not subject to regulatory oversight. The question has been debated as to whether shadow banking meets the definition of true banking. Given that the two systems perform similar functions, including credit intermediation and maturity transformation, the two should be considered parallel systems.
Banking Ethics, Foreclosure Fraud, and the 2008 Financial Crisis
This research paper aims to shed light into what led to the global financial collapse that, for the most part, began in the U.S. housing market. Many researchers agree that the primary drivers that led to the real estate crisis was the lifting of the Glass Steagall Act, the fostering of sub-prime lending, and the creation of derivatives and credit default swaps which were used as complex financial instruments. All of these financial tools were justified by the efficient market hypothesis and as a consequence provide evidence for the lack of a truly efficient market. As a result of the financial failures, many banks were either bought, went bankrupt, or had to be bailed out by the federal government because of the overwhelming losses in this industry.