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Essay / Research Paper Abstract
This 9 page paper looks at the global financial crisis which stared in 2007 and considers the potential causes of the crisis, including the behavior of the subprime market, the policies of Alan Greenspan, the general economic conditions prior to the crisis and the role of Bill Gates. The bibliography cites 6 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEcausecrisis.rtf
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Unformatted sample text from the term paper:
August of 2007 the United States Federal Reserve started intervening in the markets, reducing the discount window interest-rate at the same time as increasing the normal lending period to 30
days. At the same time actions also been seen in the European Union, where the European Central Bank was trying to protect the markets by injecting more liquidity, initially with
?98.4 billion, with a further ?108.7 injected late in the same year (Mizen, 2008). There is little doubt that there was a global financial crisis, with banks failing across the
world, some of which were nationalized in order to prevent further economic meltdowns (Mizen, 2008). With a wide range of problems related to liquidity in the market there has been
a focus on the ay to resolve the issues and stimulate growth. However, in order to develop suitable recovery strategies it is necessary to understand what went wrong. It is
also necessary to understand the causes of the financial crisis if the same problems are to be avoided in the future. When looking at the causes of this problem there
is no general agreement regarding the core foundations. Jenkins (2009) notes that a wide range of people may be named, from Alan Greenspan to Bill Gates, while the view that
a non-Greenspan that he has a role to play in creating the financial crisis, the associate Bill Gates may be seen as more controversial. However, insisted point of view which
is worthy of brief consideration. Jenkins (2009) argues that Gates is responsible in directly as a result of the facilitation that is created through Microsoft products, such as Microsoft Excel
and the development of many other analytical models and programs, which may not have occurred without the developments undertaken by Bill Gates in spreadsheet technology, and his popularization of it.
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