scholarly journals The Great Financial Crisis

2015 ◽  
Vol 4 (2) ◽  
pp. 1-10
Author(s):  
Clements Akinsoyinu
Keyword(s):  
Economic Growth ◽  
United Kingdom ◽  
Financial Crisis ◽  
Global Economy ◽  
Empirical Literature ◽  
Policy Makers ◽  
The Great Depression ◽  
The United Kingdom ◽  
Bank Of England ◽  
Policy Measures

The Great Financial Crisis has been touted to be the worst crisis since the Great Depression of 1930; its effect has profound ramifications on the global economy. The nature and the severity of the crisis provoked an unprecedented policy response from policy makers at both global and domestic levels. To address the rampaging crisis, the Bank of England implemented a number of conventional and unconventional policy measures to curtail the economic rot and to stimulate economic growth. There is a broad consensus in the empirical literature and other evidence found in this paper that a number of the policies implemented in the United Kingdom played a significant role in re-directing and stimulating the economy. This paper reviews the various policy measures adopted by the Bank of England from the inception of the financial crisis in 2008 and assesses their effectiveness in bringing back the economy from the brink of collapse. Our review shows that quantitative easing (QE) policy and the expansionary fiscal policy adopted by the Bank of England were effective policy tools used in stimulating economic growth, stemming the effect and shortening the duration of the crisis in the United Kingdom

scholarly journals Challenges of Monetary Policy during Crisis in the United Kingdom

2018 ◽  
Vol 1 (17) ◽  
pp. 9-19
Author(s):  
Marta Paduszyńska
Keyword(s):  
Monetary Policy ◽  
United Kingdom ◽  
Financial Crisis ◽  
Central Bank ◽  
Negative Impact ◽  
Real Economy ◽  
Negative Effects ◽  
The United Kingdom ◽  
Bank Of England ◽  
The Impact

The topic of the presented study is about the monetary policy in the United Kingdom, included situation and challenges of this policy during crisis. This article presents the structure of the central bank of England as well as economic trends in years 2002–2016. Special attention has been devoted to the Quantitative Easing – unconventional monetary policy followed by central bank in the wake of financial crisis that began in 2007. The main purpose of the article is to show the impact of the financial crisis on the monetary policy in the United Kingdom and methods of dealing with its negative effects. Realisation of this will be studied literature and data compiled by the institutions involved in the discussed issue, especially reports prepared by the Central Bank of England. The financial crisis has had a negative impact on the real economy of the United Kingdom. It limited possibilities of household consumption and also possibilities of investment companies. Both of those, consumption and investment are important determinants of GDP.

scholarly journals International Labor Mobility, Unemployment Impact to Economic Growth

2019 ◽  
Vol 8 (6S) ◽  
pp. 898-903
Keyword(s):  
United States ◽  
Economic Growth ◽  
United Kingdom ◽  
Data Collection ◽  
Labor Mobility ◽  
Sampling Technique ◽  
Policy Makers ◽  
The United Kingdom ◽  
International Labor ◽  
International Labor Mobility

International labor mobility and unemployment are two faces of the coins and they comprehensively affect the economic growth so that this study deals with the analysis to check the effect of international labor mobility and unemployment at economic growth. 1992 to 2017 data is collected with 5 years lap from United States, Australia, Canada, Switzerland, Germany, France, and the United Kingdom. Purposive and Convenient sampling technique used for data collection. The implication for the countries policy makers and departments related to immigration. Study adhere to the limitations of sample size which can be increased for further study

Hosting annual international sporting events and tourism: Formula 1, golf or tennis?

2021 ◽  
pp. 135481662110290
Author(s):  
Bala Ramasamy ◽  
Howei Wu ◽  
Matthew Yeung
Keyword(s):  
United Kingdom ◽  
Economic Impact ◽  
Sporting Events ◽  
Policy Makers ◽  
Monthly Data ◽  
Mega Events ◽  
Sports Events ◽  
The United Kingdom ◽  
Mega Sports Events

Hosting sports events to attract international tourists is a common policy practised by many host governments. Hosting mega-sports events like the Olympics is said to leave a legacy that could impact the attractiveness of a country/city in the long term. However, the opportunity to host these mega-events is limited and expensive. This study considers the economic impact of hosting annual international sporting events, specifically the extent to which Formula 1, ATP Tennis and PGA Golf can attract international tourists. Using monthly data from 1998 to 2018, we show that the effect differs from one sport to another within a country and the same sport across countries. Hosting the Formula 1 is most effective for Canada but has no significant impact in Australia and the United Kingdom. ATP Tennis and PGA Golf have a significant impact on at least two countries. Policy-makers must consider carefully the sport that gives the best bang-for-the-buck.

scholarly journals Heterogeneous Mental Health Development During the COVID-19 Pandemic in the United Kingdom

2021 ◽  
Author(s):  
Lea Ellwardt ◽  
Patrick Praeg
Keyword(s):  
United Kingdom ◽  
Psychological Distress ◽  
Latent Class ◽  
Mitigation Measures ◽  
Social Lives ◽  
The United Kingdom ◽  
Policy Measures ◽  
Nationally Representative ◽  
The Uk

Aim. The COVID-19 pandemic and the mitigation measures by governments have upended the economic and social lives of many, leading to widespread psychological distress. However, how distress developed during the pandemic and who was most affected is poorly understood. We explore heterogeneity in trajectories of psychological distress during the first six months of the pandemic in the United Kingdom and relate this heterogeneity to socio-demographic and health factors. Subjects and Methods. We analyze six waves of longitudinal, nationally representative survey data from the UK Household Longitudinal Study (N = 15,218), covering the first lockdown in 2020. First, latent class mixture modelling (LCCM) is used to identify trajectories of psychological distress. Second, associations of the trajectories with covariates are tested with multinomial logistic regressions. Results. We find four different trajectories of distress: continuously low, continuously moderate, temporarily elevated, and continuously elevated distress. One-fifth of the population experienced severely elevated risks of distress. Long-term exposure was highest among younger people, women, those who lost income, and those with previous health conditions or COVID-19 symptoms. Conclusion. Given the threat of persistent stress on health, policy measures should be sensitized to the unintended yet far-reaching consequences of non-pharmaceutical interventions.

scholarly journals Brexit as a Factor behind the Evolution of ASEAN’s Trade in Services with the United Kingdom

2020 ◽  
pp. 310-326
Author(s):  
E.A. Galchenko ◽  
Keyword(s):  
United Kingdom ◽  
Foreign Trade ◽  
European Integration ◽  
Trade Liberalization ◽  
Global Economy ◽  
Trade Agreement ◽  
Economic Cooperation ◽  
Southeast Asian ◽  
Trade In Services ◽  
The United Kingdom

The article examines the current transformation of ASEAN−UK foreign economic cooperation pattern in the context of digitalization of the global economy. Brexit as a manifestation of the European integration crisis has catalyzed diversification of Britain’s foreign trade in services. Southeast Asian nations are becoming the UK’s priority partner in this area. In these circumstances, parties have to choose the model of their future trade agreement and the degree of trade liberalization.

Coalition Stories: Cases from the Iraq Coalition

2015 ◽  
Author(s):  
Matthew A. Baum ◽  
Philip B. K. Potter
Keyword(s):  
United States ◽  
United Kingdom ◽  
Case Studies ◽  
The United States ◽  
Political Opposition ◽  
Policy Makers ◽  
The United Kingdom ◽  
Public Media ◽  
European Public ◽  
Key Variables

This chapter examines the decisions of the United Kingdom, Spain, Germany, and Poland regarding whether they would join with the United States in the Iraq coalition, the goal of which was to remove Saddam Hussein from power. Among these countries, there was much variation in both key variables identified as the ingredients of constraint and in the extent to which leaders were responsive to pressure from either their domestic publics or the United States. The key lesson from these case studies is that democratic constraint is fragile and elusive. These cases point to a variety of means by which policy makers outmaneuvered a consistently antiwar European public. Media and partisan political opposition are clearly an important part of the overall story and, more significantly, are among the few factors that hold steady from case to case.

Broadband Diffusion to SMEs in the UK

2011 ◽  
pp. 481-492
Author(s):  
Oluwasola Oni ◽  
Anastasia Papazafeiropoulou
Keyword(s):  
United Kingdom ◽  
Diffusion Of Innovation ◽  
New Technologies ◽  
New Technology ◽  
Medium Size ◽  
Perceived Benefits ◽  
Policy Makers ◽  
The United Kingdom ◽  
Technological Adoption ◽  
The Uk

Broadband is a relatively new technology and its adoption in the United Kingdom has been an issue due to its perceived benefits for businesses and more so for small/medium size enterprises (SMEs). In this chapter we argue that previous research focuses on home uses of broadband, particularly for educational purposes with little attention to its adoption by SMEs. We argue that the existing diffusion of innovation theories are inadequate for the study of broadband diffusion and we propose a more sociotechnical approach for that purpose. This study can be useful for SMEs considering adoption of new technologies such as broadband as well as policy makers that seek to apply effective technological adoption policies.

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