Financial Crisis Book Reviews Samples For Students

__ April 2014

Summary:

- What the Paper is about
This study was done by four students from Department of International Business at Schulich School of Business (Bae et al., nd) to test how expropritaion incentives of controlling shareholders impact firm values during a financial crisis and the recovery period.
The results of the expropriation model ran for Asian firms for their 1997 crisis and Latin American firms for the 2001 Argentine economic crisis were aligned with the main hypothesis. The hypothesis called “expropriation hypothesis” posits that the value of firms with weaker corporate governance would significantly drop during a ...

Introduction

Democracy is the instances in which the majority people of a state always have their way. In democratic state people are entitled to their own freedoms of expression. For a country to be a democratic there are many challenges that they always face. These are challenges that always oppressive to those that are in the forefront fighting for these democracies. Those that are in power always find ways to stop a state from being democratic due to their own selfish motives. In Europe, it was not an easy journey to democracy. There were many challenges that they faced while they tried to bring ...

Introduction

In the year 2008, the United States was plunged into a financial crisis that was the worst ever experienced since the Great depression. Most banks collapsed during this period and the state was involved in organizing for a transfer of wealth. Many scholars among them economists and financial experts were shocked by the speed at which the events took place. John Bellamy in his book “The Great Financial Crisis” gives a bold analysis of the financial meltdown, its causes, how it developed and the implications that it had to the general economic status of America and other countries across the globe.

This ...

The Return of Depression Economics and the Crisis of 2008

The Return of Depression Economics and the Crisis of 2008 is an economics book that was written by Paul Krugman. The book is an analysis of the 2008 financial crisis that followed an economic downturn amid huge economic activity in the financial sector of many economies including that of the United States of America. The book further follows and traces integration of the unfavorable economic conditions into the financial crisis experienced in the year 2008. In addition, Paul Krugman considers the parameters that characterize a relationship in an economic depression context basing the argument on the depression and the economic ...

Introduction

In his book “ When Genius Failed,” Roger Lowenstein`s fundamental argument is that the events and the activities that occurred at the Long Term Capital Management hedge fund ultimately acted as a trigger or precursor to the 2008 Global Financial Crisis that occurred 8 years after the fund`s winding up. Throughout the book, Lowenstein gives a detailed account of the formation, growth, expansion and ultimate fall of the fund which was founded and run successfully for 5 years by John Meriwether.
Although Lowenstein does not make any specific reference to the 2008 financial crisis since after the entire ...

Rightly named by the author, James Grant, his book “Forgotten Depression 1921: The Crash That Cured Itself” is about the economic depression that America faced in the years 1920 and 1921. Touted by a few as equally bad or worse than the great recession of 2007-09, however, this depression of 1921 had managed to swivel away on its own, paving way to a roaring economy of the twenties in America. The author asks the economists and the policy-makers to follow on the similar lines of non-intervention at the times of crisis/recession or depression, thus reducing the extent of damage and the ...

Book Review: The Leadership Challenge by Barry Z. Posner and James M. Kouzes

First written in 1987 by two authors considered to be experts in the field of leadership, The Leadership Challenge has gone to become one the most trusted voices on the subject of leadership as well as an all time best seller leadership book. One of the reasons for this is that the authors, Barry Z. Posner and James M. Kouzes, in the true spirit of leadership, have churned out regular revisions to their original work, continuously adding to and improving upon content based on the ongoing changes in the corporate environment. The classic’s fourth edition has been released ...

Section I: Selection of Business

Economics is a social science concerned with decision making along with money making. Macroeconomics is concerned with the general problems of the whole economy as inflation, unemployment and growth. To start any business, the tools of economics are very important. I had chalked out a few prospective business plans for starting my own commercial activity. There was a lot of dilemma in the beginning, the plans were so many but the feasibility had to be worked out. I arrived at two options first, to open a café and second to open a fitness studio. Both the café and fitness were in great demand. Since ...

The Big Short is a text by Michael Lewis. It is a piece of nonfiction that deals with the financial crisis of the early 2000s. Lewis examines a number of the most important issues and players in the financial crisis, looking into the major reasons that the credit and housing bubbles burst; Lewis takes a slightly different approach to the issue, however, because he is heavily concerned with the personality of the individual who bets heavily against great odds, as some financial analysts did in the time leading up to the financial crisis and the burst of the housing and credit bubbles.
...

On the brink: Inside the race to stop the collapse of the global financial system is an account of the events that took place prior to and during the global financial crisis and the federal governments’ efforts to save some of the major banks in the united states. It zips through Paulson’s career (with a political stint as an aide in the Nixon White House) and then concentrates on his extraordinary 30 months in treasury. When Hank Paulson (the then chairman and Chief Executive Officer at Goldman Sachs) joined the Bush administration as the treasury secretary of state July ...

[Writers Name]

Joseph E. Stiglitz surely knows a thing or two about International Economics. The Nobel Laureate Columbia University Economics Profe.ssor, who served from 1995 to 1997 under US President Bill Clinton as the Chairman of the Council of Economic Advisers, and then from 1997 to 2000 as the Vice President and Chief Economist at the World Bank, debates in detail, the effect that globalization has had on the world.
Globalization, as a process, is the coming together of countries. It all but eliminates the needs for boundaries, making countries interconnected. The resulting effects are increased trade, better communication, and ...

Introduction

Casino Capitalism is a vivid description of the international financial markets, their behavior, and the economic strength they yield to various entities. The book goes on to describe the advantages of international financial markets and some of the evils associated with the same. The author, Susan Strange was a former student of the British international relations studies; she is mostly renowned for her contributions to the creation of the international political economy. Apart from her major publication of the Casino Capitalism in 1986, she also published other books, namely: States and Markets (1988), The Retreat of the State (1996) ...

Time and again, the history of consumer debt in the United States has been given the time and attention of many researchers although not too many have looked into the state of personal debts in the country and its evolution. In his book, Louis Hyman attempts to resolve this case, looking back into the personal credit of the Americans for the past 200 years. Hyman checks the four connecting themes: the many that consumers make their purchases, the institutions that grant personal loans, the government’s role in personal financing, and the development of technology that has paved the ...

BOOK REVIEW

Book Review
Politics has always remained a subject of intense study. Students of political science, brought up on the ideals of Western Civilizational thought, right from Plato to Westphalia, have starry-eyed notions about how the world’s largest democracy, the USA, functions. A close corollary is an intense curiosity about the goings-on behind the curtains in Washington, arguably the biggest seat of power of democracy in the modern world. It is this world that Mark Leibovich (2013) writes about in his book ‘This Town: Two Parties and a Funeral- Plus, Plenty of Valet Parking!’ and the outcome is a ...

Analysis of a Panic of 1907

The world has a witnessed some global financial crisis. The most notable one is the great depression that had severe impacts on the economy of the world. Developing nations were adversely affected by the crisis that hit many free markets. Nevertheless, the 20th century was marked by a panic, which ensued on the Wall Street. The aftermath is that American economy and Europe was not spared either as well as the rest of the world. The main aim of this exposition is to analyze the book The Panic of 1907; lessons learned from the Market’s Perfect Storm by ...

(The Big Short: Inside the Doomsday Machine by, Michael Lewis.)
The group of people that the book focuses on shows how they sold bonds to investors that were packaged as a safe bet. It shows the great lengths they went to in order to lure in investors, although they knew in actual fact the bonds were extremely risky investments. The group were also aware that in case of a Global Financial Crisis, the government would bail them out, and thus, they could get away with trading in this way.
In a way the author shows readers that this kind ...

Book Review

Joyce Appleby, a renowned scholar and professor emeritus at the University of California, has authored numerous books and articles with a unique focus on historiography. Her literal works thus include her thoughts regarding capitalism, liberalism and on the American republic. This manuscript will thus focus on one of her literal works, “The Relentless Revolution- A history of Capitalism”. This book offers insights regarding the rise of capitalism globally and its mutation over time. According to Appleby, capitalism is a breakaway from several circumstances which have occurred over time and as such, it has to be interpreted as a historical ...

9-2) Beer and marijuana are substitute goods, i.e. when the demand for one goes up, it is expected that the demand for the other is likely to go down, as most people would consume either of the two products. When marijuana gets legalized, the distributors would fear that their sales would decline. So beer distributors are likely to oppose the legislation regarding legalizing marijuana.
On the other hand, snack food and marijuana are generally considered to be complementary products, i.e. the demand for one of them increases the demand for the other. This way, when marijuana gets legalized, snack ...

Is the Federal Reserve Good For Business?

Federal Reserve System is the main banking unit of the United States. It was enacted under the Federal Reserve act in 1993.Its establishment was influenced by the need to address financial shocks in 1907. It is the central bank of United States whose role includes the supervision of commercial banks, government’s bank, and formulation of monetary policies and lender of last resort.

The main point of discussion is the role played by federal system in the United States economy. According to Daniel Indiviglio, Federal Reserve is the backbone of United States economy and why the economy has withstands ...

Following the American Psychological Association’s Guidelines

The book, “Nickel and Dime” by Gary Soto is once again proof that the author knows how to weave seemingly pointless stories together in order to prove something greater. The novel is a highlight reel of America’s consumerist tendencies, pack mentality, and how we force those we believe do not belong to the sidelines even when they so desperately want to be a part of what we are building. Many of the characters included in the novel appear to be criminals on the surface, desperate for what may not be theirs for the taking. Society paints them in this way, ...

The Analytical Report about “Running Money” by Andy Kessler

Introduction
The world of hedge funds is obscure and confusing. The market has a reason of existence that is to compel the super-riches towards blowing their money into unwise investments that do not produce any substantial returns for the stakeholders. However, they favored the fund’s managers to receive one percent increment in their salaries on annual basis and they earned twenty percent of the annum’s profits as well. The title of the book reveals a deeper reality of economic world that weighs everything in monetary terms, and people need to prove their financial power and fortune in order ...

Book Review of “Is China Buying the World”

As China grows to become the world’s largest economy, catching up with even the United States in the coming decade, it is important to understand the strategic growth objectives of the Chinese economy. Several authors have written books and research papers on the Asian Tiger, and the country is setting the pace of its economic growth. From becoming the manufacturing hub of the world at the end of the last millennium, China is now looking to expand its presence beyond its shores (Mitter, 2008). In the last decade, Chinese companies have begun acquiring companies and assets such as ...

The Turkish Economy after the Global and Financial Crisis by Dani Rodrik is an article that clarifies how Turkey has encountered three financial crises. Turkey has gone through three monetary catastrophes since it unlocked up its investment interpretation in 1989. The first occurrence was in 1994 when a mistaken effort to keep local interest charges low led to an unexpected capital leakage. The other one was in 2001, when a petty political catastrophe threw the survival of an exchange ratio centered a steady program into inquiry. It also led to a huge pulling out of funds. The third occurred in 2008 as an ...

Book Review of You: Stress Less

I. Authors
The two authors of the book YOU: Stress Less are medical doctors with extensive training and experience in the field of stress reduction. Dr. Mehmet Oz is a famous writer and television personality and also a professor of surgery at New York Presbyterian-Columbia University and the head of the Heart Institute. Dr. Michael F. Roizen is also a well-known writer on medical topics and head of the Wellness Institute of the Cleveland Clinic. He appeared regularly on the Oprah Winfrey Show as a heath expert, while Dr. Oz has his own daytime television program. Their purpose was to describe the ...

Introduction:

In this seminal book which is around 400 pages long, the author manages to cram a detailed history of the Middle eastern problem from the early years of the 1800’s to the present day. He succinctly manages to combine what occurred in the Colonial period where the Arab peoples were consistently exploited for their rich natural resources while he also manages to keep an open mind on other issues such as the traditions of Islam as well as several intrinsic problems which permeate the area and which have continued to this day.
Essentially Mansfield offers a study of the ...