新西兰留学论文代写:金融危机事件

新西兰留学论文代写:金融危机事件

金融危机是指2008年发生的导致全球市场整体崩溃的事件。这个事件被认为是最坏的,因为它的影响仍然观察到全球经济(Erkens, Hung, and Matos, 2012)。许多经济学家给出了各种导致全球金融危机的原因。全球金融危机的主要原因之一是Libor操纵丑闻,许多金融机构参与其中,主要包括巴克莱银行(Ivashina and Scharfstein, 2010)。根据(Lo, 2007)的研究,Libor是银行用来计算以抵押贷款或贷款形式发放的债务价格的利率。此外,它还估计,金融机构设定伦敦银行间同业拆借利率(Libor)始于2005年。Chari, Christiano和Kehoe(2008)提到,金融机构设定伦敦银行间同业拆借利率(Libor)的目的仅仅是为它们创造更多的资金,它们的计划也获得了成功。银行通过操纵伦敦银行间同业拆借利率(Libor)创造的巨额资金,随后被投资于住宅建筑市场。

新西兰留学论文代写:金融危机事件
因此,经济出现了不正常的房价上涨。Ojo(2012)的强势观点认为,银行通过操纵Libor创造的货币增加了经济中的货币供给;但是,收入和收入是固定不变的。此外,银行不计后果的放贷和专注于推高房地产市场价格导致了全球金融危机。McConnell(2013)认为,与其他因素相比,Libor操纵是导致金融危机的主要因素。这是因为,在这一利率上的不实陈述,也使银行得以掩盖其疲弱的市场地位。Surowiecki(2012)指出,银行通过Libor操纵迅速创造的资金不仅用于发放抵押贷款;尽管如此,部分资金也被用于金融市场的投机目的。因此,2008年爆发的金融危机给全球经济带来了冲击。

新西兰留学论文代写:金融危机事件

Financial crisis referred to as an event that took place in the year 2008 and resulted in the collapse of overall global markets. The event has considered as worst because its impact has still been observed on global economies (Erkens, Hung, and Matos, 2012). Many economists have given variety of reasons that have given rise to global financial crisis. One of the major causes of global financial crisis was Libor rigging scandal in which many financial institutions were involved, mainly including Barclays Bank (Ivashina and Scharfstein, 2010). According to the study of (Lo, 2007), Libor is a rate used by banks in order to calculate price of debts lend either in the form of mortgages or loans. Moreover, it has also estimated that fixing of Libor rate by financial institutions was started in the year 2005. Chari, Christiano and Kehoe (2008) mentioned that financial institutions intended the practice of fixing Libor rate merely to create more money for them and they were also become successful in their plans. This incredible amount of money created by banks through Libor fixing was then invested in house building market.

新西兰留学论文代写:金融危机事件
Consequently, economy observed an abnormal increase in prices of properties.From strong perspective of Ojo (2012), it has observed that money created by banks through Libor fixing enhanced money supply in the economy; however, incomes and earnings were observed as immobile. Furthermore, reckless lending by banks and focusing on augmenting prices in the property market resulted in global financial crisis. In accordance with McConnell (2013), Libor rigging was the major factor that caused financial crisis as compared to any other factors. It is because misrepresentation in this rate also enabled banks to disguise their weak market position.Surowiecki (2012) stated that the money rapidly created by banks through Libor fixing was not only utilize in lending mortgages; although, some of the percentage of money was also use in financial markets for speculation purposes. As a result, financial crisis emerged in the year 2008 that gave shock to global economies.