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What is Global Financial Crisis

Handbook of Research on Managerial Thinking in Global Business Economics
It is the worst economic crisis the world economy has experienced since the Great Depression of the 1920s. It out broke in the period of 2007-09 after the fall in Lehman Brothers in USA due to subprime lending crisis and it spread like flame all around the world, mostly to the developed nations, through the trade channels. The recessionary phase continued for many countries.
Published in Chapter:
Analysis of fluctuations in Credit-Deposit Ratio of Indian States: From Pre-Globalization to Post-Financial Crisis Phase
Ramesh Chandra Das (Vidyasagar University, India) and Utpal Das (Katwa College, India)
DOI: 10.4018/978-1-5225-7180-3.ch013
Abstract
Under the backdrop of the liberalization and globalization policies undertaken by the Indian government and the outbreak of the global financial crisis, the present chapter tries to study the trends, fluctuations, and ranking of the credit-deposit ratio of the Indian states for the period 1972-2015 comprising pre-globalization to post-financial crisis phase. Applying descriptive statistics, product moment and rank correlation coefficients, and student's “t” test and “F” tests, the results show that there are significant increases in the credit-deposit ratios of most of the states during the phase of financial as well as post-financial crisis phase compared to pre-globalization and post-globalization periods, but there were significant fluctuations in credit-deposit ratio in the financial crisis and post-financial crisis phases. Further, the rank correlation results show that the states maintained almost similar ranks in their credit-deposit ratios for the phases of pre-globalization, post-globalization, pre-financial crisis, and post-financial crisis. The study, thus, suggests that the Indian banking sector has not been affected adversely.
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Economic Growth, Labor Market Segmentation, and Labor Productivity: A Story from Indonesia
This was the financial crisis occurred in the period 2007–09, caused by a high default rate in the subprime home mortgage sector in the United States of America. The crisis is considered by many economists as the worst financial crisis the world ever experienced since the Great Depression of the 1930s.
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How Do Financial Constraints and Financial Crises Matter in Cash Management?: Evidence From Developing Asian Economies
The global financial crisis originated firstly in the subprime mortgage market in the United States (US) in the second half of 2007, reached its peak worldwide following the collapse of Lehman Brothers in September 2008 and sustained its effect until June 2009.
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How the Global Financial Crisis and International Trade Affected Corporate Decisions?: International Evidence
The global financial crisis originated firstly in the subprime mortgage market in the United States (US) in the second half of 2007, reached its peak worldwide following the collapse of Lehman Brothers in September 2008 and sustained its effect until June 2009.
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After The Global Crisis, Is It Globalization or Globalonelization?
Destructive financial and economic problems and fluctuations which affect worldwide economy.
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Financial Contagion and Shock Transmission During the Global Financial Crisis: A Review of the Literature
Period of extreme stress in global financial markets and banking systems between mid-2007 and early 2009.
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International Portfolio Diversification Benefits among Developed and Emerging Markets within the Context of the Recent Global Financial Crisis
Known as the “subprime mortgage crisis,” started in the US in 2007 and resulted in a bankruptcy of many financial institutions, stock market crashes, and decline in economic activities all around the world.
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