美罗Tutu
The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.The global financial crisis of 2008 is a major financial crisis, the worst of its kind since 1987, and which is ongoing as of mid-November 2008. It became prominently visible in September 2008 with the failure, merger or conservatorship of several large United States-based financial firms. The underlying causes leading to the crisis had been reported in business journals for many months before September, with commentary about the financial stability of leading U.S. and European investment banks, insurance firms and mortgage banks consequent to the subprime mortgage crisis. Beginning with failures of large financial institutions in the United States, it rapidly evolved into a global crisis resulting in a number of European bank failures and declines in various stock indexes, and large reductions in the market value of equities (stock) and commodities worldwide. The crisis has led to a liquidity problem and the de-leveraging of financial institutions especially in the United States and Europe, which further accelerated the liquidity crisis. World political leaders and national ministers of finance and central bank directors have coordinated their efforts to reduce fears but the crisis is ongoing and continues to change, evolving at the close of October into a currency crisis with investors transferring vast capital resources into stronger currencies such as the yen, the dollar and the Swiss franc, leading many emergent economies to seek aid from the International Monetary Fund. The crisis was triggered by the subprime mortgage crisis and is an acute phase of the financial crisis of 2007–2008.
沈阳硅藻泥
模板1Somepeoplebelieve(argue,recognize,think)that观点1.Butotherpeopletakeanoppositeside.Theyfirmlybelievethat观点2.Asforme,Iagreetotheformer/latteridea.Thereareadozenofreasonsbehindmybelief.Firstofall,论据1.Moreimportantly,论据2.Mostimportantofall,论据3.Insummary,总结观点.Asacollegestudent,Iamsupposedto表决心.或Fromabove,wecanpredictthat预测.模版2PeopleholddifferentviewsaboutX.Somepeopleareoftheopinionthat观点1,whileotherspointoutthat观点2.AsfarasIamconcerned,theformer/latteropinionholdsmoreweight.Foronething,论据1.Foranother,论据2.Lastbutnottheleast,论据3.Toconclude,总结观点.Asacollegestudent,Iamsupposedto表决心.或Fromabove,wecanpredictthat预测.模版3ThereisnoconsensusofopinionsamongpeopleaboutX（争论的焦点）。Somepeopleareoftheviewthat观点1，whileotherstakeanoppositeside,firmlybelievingthat观点2。AsfarasIamconcerned,theformer/latternotionispreferableinmanysenses.Thereasonsareobvious.Firstofall,论据1。Furthermore,论据2。Amongallofthesupportingevidences,oneisthestrongest.Thatis,论据3。Anaturalconclusionfromtheabovediscussionisthat总结观点。Asacollegestudent,Iamsupposedto表决心.或Fromabove,wecanpredictthat预测.
丹枫在心
EVEN by the standards of the worst financial crisis for at least a generation, the events of Sunday Spetember14th and the day before were extraordinary. The weekend began with hopes that a deal could be struck, with or without government backing, to save Lehman Brothers, America’s fourth-largest investment bank. It ended with Lehman’s set for Chapter 11 bankruptcy protection and the bank preparing to wind itself up after those efforts failed. Other vulnerable financial giants scrambled to sell themselves or raise enough capital to stave off a similar fate. Merrill Lynch, the third-biggest investment bank, sold itself to Bank of America (BofA), an erstwhile Lehman suitor, in a $50 billion all-stock deal. American International Group (AIG) brought forward a potentially life-saving overhaul and went cap-in-hand to the Federal Reserve.On Sunday night the situation was still fluid, with bankers and regulators working to limit the fallout. They were girding themselves for a dreadful Monday in the markets. Australia’s stockmarket opened sharply lower on Monday (most other Asian bourses were closed). American stock futures were deep in the red too, and the dollar weaker. Spreads on risky credit, already elevated, widened further.The takeover of Merrill leaves just two large independent investment banks in America, Morgan Stanley and Goldman Sachs.
飛天彩绘
It seems that the USA is experiencing the same thing Hong Kong experienced in 2003, when the housing bubble burst and the SARS virus spread. Being a small open economy, Hong Kong can do nothing to remedy the situation. The USA is different, it has fiscal and monetary policy on its side. I hope that America will try their best to reverse the trend so that the world economy will grow again. A recession in the US will certainly affect China, because the growth of the Chinese economy is, to a certain extent, export-led and America is the largest market for Chinese goods. If the Chinese economy is affected, it will affect Hong Kong too because every year we have a large number of visitors from China. They also buy houses as well as stocks and shares in Hong Kong. However, it will be impossible to have a recession as severe as the great depression of 1930’s. The reasons are as follows:1. The gold standard has been abandoned. In the past, a dollar was not just a piece of paper, it was also a piece of gold. You could convert it into gold at a fixed rate. Now a dollar is just a piece of paper. Under the gold standard the government lost the freedom to control (or to increase) the money supply. Now the government can print as much money as she likes. The probability of having inflation is much larger than that of having a recession.2. The knowledge that private virtue is public vice. Private individuals still want to save more and spend less during bad times. But governments know that people should spend more in bad times. To encourage people to do so, governments will have deficit budgets by cutting taxes and spend more money than they have.3. Governments learn from history. The experience of the Great Depression leads them to prevent such a tragedy from happening again. The Ph.D. thesis of Ben Bernanke (Chairman of the Federal Reserve of the U.S.) is about the causes of the Great Depression and how to prevent it from happening again.4. There are coordinated measures taken by the main countries of the world, including those of the emerging economies such as China. During the Great Depression, the governments did not take coordinated measures, and one country’s measure was nullified by another country’s measure.
阿达殿下
The financial market is also known as capital market, monetary market and capital market, is the financial market. The so-called financing, is refers in the economic operation of the financial buildingIn the process, both sides of supply and demand of funds use various financial tools to regulate capital surplus activity, all financial transaction activities. In the financial market is a variety of financial instruments, such as stock, bond, deposit etc.. Financing is the abbreviation of financing, generally divided into direct financing and indirect financing two. Direct financing is the fund supply and demand sides of direct financing activities, namely capital demand directly through the financial market to the society has a surplus of funds for institutional and individual financing; correspondingly, indirect financing through banks refers to the financing activities, namely capital needs to take that to the bank and other financial intermediaries apply for loans financing. Financial market on all aspects of economic activities have direct influence, such as personal wealth, enterprise management, the efficiency of economic operations, are directly dependent on the financial markets activities. 望采纳，我们也有这英语作文。。
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