Essays on Defaulters

Credit Risk Management Analysis

Credit risk emanates from the peril of loss of principal or shortfall of a financial reward stemming from a borrower default to repay a loan obligation. The failures to honor a contractual agreement of a loan results of a wholesale credit risk. When a borrower envisages to use future cash flow to pay a current debt credit risk will eventually arise. Then the savers will assume credit risk by way of interest payment from the borrower or issuer of the debt obligation. The wholesale credit risk, therefore, emanates from the defaulters of debt obligation that have been acquired from ...

Chapter 4: The Great Experiment

American Bankruptcy The first stock market panic in the United States left many wealthy speculators in a terrible financial situation. William Duer, a prominent land speculator lost a lot and ended up bankrupt after overextending his borrowings. Congress was yet to pass a bankruptcy bill. Defaulters like Duer still faced jail time during this period. Under bankruptcy laws, one was set free from their debts and creditors had no claim over them. As time progressed, public opinion went against jailing small debtors and the law began to change.

Repeal of British Usury Laws

In Britain, people began to consider that to capitalize on the ...

The global recession of 2008 the worst recession the world has seen till date. The recession was not caused by business cycle fluctuations but by the financial bubble. This recession is often referred to as the sub-prime crisis as this was the result of sub-prime lending that created the property bubble that burst in 2008 to create the huge recession. In this paper we are going to discuss how this lending procedure emerged and how it led to the bankruptcy of a number of financial institutions. During 2007 the Fed rates were quite low. The low interest rates induces ...

The recession that engulfed the world economy in 2008 has taken the economic analysts by surprise. Questions have been raised about the effectiveness of economics as a predictive science. The recession was not the outcome of a business cycle fluctuation that macroeconomic theory has explained and solved in the past. It occurred entirely from a situation of market failure in the financial segment. It was the property bubble that inflated to such an extent that the whole world was affected when the bubble burst out in 2008. In this paper we are going to describe how this property bubble ...

Abstract

This dissertation formulates a research dissertation and strategy for a study into the impact of Islamic banking on the economic development of societies within which such banks operates. To this end, the research examines the major tools and impacts of Islamic banks on society by conducting a literature review. This is followed by the deduction of research questions and a hypothesis that will be used to form the parameters of the entire research. The purpose of this dissertation is to investigate the relationship between the growth of Islamic banking worldwide and economic development of countries wherein this growth is ...

- Introduction to Adult Nursing Nursing is an important role to play, be it for the young ones or the adults or the elderly. For adult nurses, the role is ever more enhanced because they need to look after the needs and care of the young adults all the way to the elderly patients. The role of a nurse in such a situation cannot be underestimated because it is the job of the nurse (in adult nursing) to manage the patients and ease them. Thus, the nurses in adult nursing need to have strong inter-personal and communication skills. An adult nurse ...

The current changes in the education system have been the topic of discussion in the contemporary world. Prevalently, education has met myriad changes as it transcends from the traditional method to present-day education. The old-style education involves the learning process in which the students physically interact with the instructors. Similarly, the traditional method countenanced the student to dig deep into their pockets to cater for the education expenses. Evidently, the old education was inconvenience and expensive to numerous students. The outcry of the students, have led to several institutions creating online programs called e-learning to permit the students with ...

Introduction.

The European emissions trading scheme (EU ETS) was launched in 2005 to curtail adverse climatic changes in the Europe. Today, the EU ETS is the largest emissions trading scheme in the world. Its foundation and motivation was based on the EU climate policy of reducing the greenhouse gas emissions emitted from human activities that pose dangerous and harmful climatic changes to the world. It currently covers 1100 factory plants and other high energy plants in all EU member states. The EU ETS was the first cap-and –trade allowances system for carbon four oxide emissions alongside other greenhouse gases at ...

[University Affiliation]

Patient protection and affordable care act

Introduction Effective healthcare systems are inevitable for ensuring better outcomes. So devising appropriate healthcare policies forms a major challenge for governments across the world. PPACA was devised by the United States (US) government with the purpose to better the healthcare sector as a whole and its capability to improve the quality and accessibility of healthcare, cultural competencies and related aspects are discussed. Major initiatives in PPACA to improve quality of care and access to care: Initiatives like integration of the healthcare sector could facilitate in improving the quality of care since it enables the patients to have ...

Information systems are integrated pieces of software that are used to manage personnel, production, finance, materials and marketing. Automation and merging of loan application and loan management information systems will significantly improve all sectors of the company. A loan management information system will migrates the company’s documentation to the digital platform for better information management unlike the conventional paper based management of the company resources. A tailor made information system will ensure that the needs of the business are well gathered and as a result lead to improved service delivery. Loan allocation and management will be managed as a single ...

Regulations aimed at ensuring Americans access clean water are not effective. In the U.S.A, regulations governing access to clean water are administered by two bodies; EPA and FDA. Bottled water is regulated by FDA. This is because bottled water is classified as food. The classification of bottled water as food does not make sense. Food is anything that is edible to human beings and has nutrients. In that context, bottled water may not qualify to be classified as food. Furthermore, the jurisdictions given to the FDA and the EPA are not complementary hence resulting in inefficient administration and regulation ...

Introduction.

Keynesian theory argues that, in short term, total output is determined by total spending, which mostly consists of investment and consumption, this is the reality for any economy in the world but it doesn’t hold all the time as its subject to alterations caused by microeconomic factors particularly inflation which brings about increased interests rates raising the cost of production and unemployment as firms layoff some workers in order to reduce their cost of production. During the 2008 crisis which was one of the worst worldwide economic downturn one on the worst hit sector was the housing ...

Financial crisis is a situation in the economy of a country where the supply of money to the economy is over powered by the demand of money (Cali & Kennan, 2010). This situation causes deficits to the providers of money like banks where they are forced to sell their securities to get money and allow it to flow in the economy. The world has faced a financial crisis in the recent past, which was triggered by several factors. In this essay, we are going to look at this recent financial crisis and its aftermath. We will also look at what triggered it and ...