19. Essential economics and finance

2020 ◽  
pp. 585-622
Author(s):  
Scott Slorach ◽  
Judith Embley ◽  
Peter Goodchild ◽  
Catherine Shephard
Keyword(s):  
Financial Markets ◽  
Economic Impact ◽  
Financial Environment

This chapter focuses on the economic and financial environment, looking at the basics of economics, financial markets, and the major players within those markets. It examines the fundamentals of money and finance: what money is, how to organise and account for it, and what happens when things go wrong. It also discusses the potential political, social, and economic impact of Brexit.

15. Essential economics and finance

2017 ◽  
Author(s):  
Scott Slorach ◽  
Judith Embley ◽  
Peter Goodchild ◽  
Catherine Shephard
Keyword(s):  
Financial Markets ◽  
Economic Impact ◽  
Financial Environment

This chapter focuses on the economic and financial environment, looking at the basics of economics, financial markets, and the major players within those markets. It examines the fundamentals of money and finance: what money is, how to organise and account for it, and what happens when things go wrong. It also discusses the potential political, social, and economic impact of Brexit.

The Financial Crisis

2019 ◽  
pp. 1-12
Author(s):  
Alan N. Rechtschaffen
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Financial Markets ◽  
Economic Impact ◽  
Free Fall ◽  
Regulatory Framework ◽  
Subprime Lending ◽  
Crisis Period ◽  
The U.S ◽  
Trump Administration

This chapter discusses the origins of the 2007 financial crisis, subprime lending, and government-sponsored entities. It argues that the events driving financial markets to the precipice of collapse during the global financial meltdown gave rise to a regulatory framework that may have been a rational response to a market in free fall, but need to be reassessed in an era of recovery. In 2018, the U.S. economy may be, by many measures, viewed as wholly recovered from the economic impact of the crisis. The stock market is trading at record highs, having erased all the losses of the crisis period and then some. With this recovery, the Trump administration seeks to restrain the regulatory burden imposed during the crisis.

scholarly journals The Effect of Financial Development on the Investment-Cash Flow Relationship: Cross-Country Evidence from Europe

2010 ◽  
Vol 10 (1) ◽  
Author(s):  
Bo Becker ◽  
Jagadeesh Sivadasan
Keyword(s):  
Financial Markets ◽  
Financial Development ◽  
Cash Flow ◽  
Set Covering ◽  
Firm Level ◽  
Data Set ◽  
Flow Sensitivity ◽  
Cash Flow Sensitivity ◽  
Cross Country ◽  
Financial Environment

Abstract We investigate if financial development eases firm level financing constraints in a cross-country data set covering much of the European economy. The cash flow sensitivity of investment is lower in countries with better-developed financial markets. To deal with potentially serious biases, we employ a difference-in-difference methodology. Subsidiaries of other firms have access to internal capital markets and hence depend less on the external financial environment. As predicted, the benefit of financial development is smaller in subsidiary firms. This shows that financial development can mitigate financial constraints, and sheds light on the link between financial and economic development.

scholarly journals Global Financial Turmoil: Impact and Challenges for Asia's Financial Systems

2009 ◽  
Vol 8 (1) ◽  
pp. 9-40 ◽  
Author(s):  
Jong-Wha Lee ◽  
Cyn-Young Park
Keyword(s):  
Financial Markets ◽  
Financial Stability ◽  
Spillover Effects ◽  
Bond Markets ◽  
Financial Systems ◽  
Environment Policy ◽  
Local Currency ◽  
Regulation And Supervision ◽  
New Challenges ◽  
Financial Environment

This paper examines the unfolding of the U.S. sub-prime-generated turmoil and its potential spillover effects on Asia's emerging financial systems. The sub-prime mortgage mess has revealed key structural weaknesses in the evolution of modern credit markets. Although emerging Asian financial markets have suffered only limited impact thus far, they remain open to further contagion given underlying weaknesses in the region's financial systems. Rapid financial globalization also poses new challenges as the region's largely unsophisticated banking and financial systems strive to keep up with the evolving financial environment. Policy priorities to foster regional financial stability include enhancing transparency and governance, improving risk management, strengthening regulation and supervision, and deepening and broadening financial systems, especially by developing local currency bond markets.

Coronavirus puts Egypt tourism and remittances at risk

2020 ◽  
Keyword(s):  
Financial Markets ◽  
Economic Impact ◽  
Nile River ◽  
Portfolio Investment ◽  
Access To Finance ◽  
Content Type ◽  
High Point ◽  
The Third ◽  
Tourism Sector ◽  
Recent Emergence

Subject Coronavirus economic impact. Significance The recent emergence of a coronavirus cluster on a Nile river cruiser in Luxor is set to deliver a heavy blow to the Egyptian tourism sector, checking a recovery that had been building up strong momentum. The economy faces a further threat from the restrictions on travel to and from the Gulf, where millions of Egyptians work and send home valuable remittances. Impacts The performance of tourism in the third quarter, a seasonal high point, will indicate the extent of the COVID-19 impact. The shock to global financial markets is likely to trigger an outflow of portfolio investment from Egypt. Egypt is negotiating a stand-by arrangement with the IMF, which would provide access to finance if required.

scholarly journals The SOX 404 procedure; is it still so repelling to foreign issuers?

2008 ◽  
Vol 6 (1) ◽  
pp. 147-157
Author(s):  
Marina Stefou
Keyword(s):  
Financial Markets ◽  
Financial Reporting ◽  
Internal Control ◽  
Control Mechanism ◽  
Control Mechanisms ◽  
Sarbanes Oxley ◽  
Financial Scandals ◽  
Control Procedures ◽  
Financial Environment ◽  
European Corporate Governance

The need for effective and competitive financial markets is reflected in the internal control procedures of listed companies. The recent banking crises and the famous financial scandals have revealed the need for strong internal control mechanisms. Such mechanisms improve firms performance, reduce information asymmetry and are expected to raise firms value. However, due to the inherent limitations of internal control achievement of the financial reporting objectives cannot be absolutely ensured. A great reform in the internal control mechanism was introduced by the controversial Article 404 of Sarbanes-Oxley Act of 2002. This paper lays out the internal control provision described in Sarbanes-Oxley Act, presents the extraterritorial effects on foreign issuers, compares and summarizes overall findings towards ensuring a better financial environment with regard to the international and European corporate governance framework applied

COVID-19 crisis will raise EU-Central European tension

2020 ◽  
Keyword(s):  
Financial Markets ◽  
Economic Impact ◽  
Central Europe ◽  
Euro Area ◽  
Local Governments ◽  
Central Government ◽  
Crisis Response ◽  
Content Type ◽  
Central European ◽  
Containment Measures

Subject The economic impact of COVID-19 on Central Europe. Significance The economic sudden stop which the COVID-19 pandemic has caused in the three non-euro-area states of Central Europe (CE-3) is unprecedented and profound. It is due to the confluence of aggressive containment measures to halt the spread of the disease, the collapse in trade with the euro-area (especially Germany) and the rush to safety in financial markets. The pandemic is further straining ties between CE-3 and Brussels, a relationship already frayed by battles over the EU’s trillion-euro budget and marked differences in responses to the crisis. Impacts The region’s auto industry is slowly reopening, Toyota’s Polish plant following Audi’s Hungarian engine factory and Hyundai’s Czech works. Governments will closely watch the phased lifting of restrictions elsewhere to assess the effectiveness and sustainability of strategies. In Hungary, the central government is suspected of discriminating against opposition-held local governments in its crisis response.

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