Economic crisis and consumer financing Essay Example | Topics and Well Written Essays - 3250 words

Economic crisis and consumer financing - Essay Example This dissertation examines various assertions about the ways in which financial crisis affects the economic system as a whole, and discuss about the claims and misconceptions associated with it. Moreover, we delineate the under-appreciated actualities regarding how the economic system transitions the funds between the house-holds as well as the corporate businesses (Chari et al, 2008). Traditional assessments of the economic crisis centralize their evaluation on interest rate spreads and hence, it can be argued that such investigations may lead to erroneous conclusions regarding the actual cost of borrowing, thereby, investigation about the fact that, throughout the financial crises, changes in the decrees of nominal interest rates tend to result in appreciable conclusions and inferences regarding the changes in the actual prices of loans. Also, we talk about the fact that even if the present augmentation in spreads signal increases in the stakes of the outlined strategies, these inc rements do not essentially signal the requirement for substantial governmental involvement. Hence, we require policy-makers to explain about the specific characteristics of the market failure as adjudicated by them, so as to present solid confirmation which discriminates their outlook of the statistics from other views which would no call for such involvement, along with sharing with the community the rationalities and confirmations which polish the case that the meticulous involvement they support will resolve such market collapse (Chari et al, 2008). Table of Contents 1. Introduction 2. Literature Review 3. Methodology 4. Findings/ Discussions 5. Conclusions Bibliography 1. Introduction With the economic sectors still hemorrhaging in developed nations, the policy-makers in developing countries are precisely discoursing over the impact of the crisis on their economic sectors and nations (Maimbo, 2008). Traditional wisdom up till now has proposed that they have quite less to be anxious about as it is argued that the communication mechanisms between the financial systems of various countries often appear to be susceptible and weak which tends to minimize the influence on the calamities. Financial institutions of developing countries are not depicted to the stakes that originate to the stakes emerging from complicated tools in global financial market-places for the reason that in many parts of the world, most banks are reliant on the deposits for funding their loan collections. Moreover, other problems include the limited infrastructure of inter-bank market, small or fictional market for securitized or unoriginal implements, and also the fact that few are reliant on ove rseas borrowing for funding their lending functions (Maimbo, 2008). Exemptions to such a position are then made for developing countries which are viewed as possessing significant communication m

Women and Girls Trafficking for Jihad Essay Example | Topics and Well Written Essays - 1000 words

Women and Girls Trafficking for Jihad - Essay Example The practice has raised eyebrows and worldwide concern when it was alleged cases of women and young girls trafficking were reported. In this case, women and other young girls are forcefully captured and held as captives for sexual Jihad notoriously propagated by the Tunisian women. It stresses on some of the major sins that are condemned by the Islamic religion. One of them is adultery. It is considered one of the greatest sins in the eyes of Islam. Thus anyone who commits this sin is said to have done a grievous deed and therefore he or she must be punished for the sin committed. This becomes even worse when the girls or women who are used in the performance or propagation of this sin are trafficked and forced into the acts (Rashid, 2000). Adultery is strongly condemned in the Muslim faith since it is regarded as an evil that breeds other evils in the society. This is indicated in the words of Allah in the Quran, which states that â€Å"Do not go near to adultery. Surely it is a shameful deed and evil, opening roads (to other evils).† (17:32). It is an indication that regardless of the gender, Muslims must refrain from adultery which is regarded as the most evil and shameless deed. In addition, besides the evil in itself, adultery is also shunned because it also breeds other forms of evil in the society. In this case of the jihadists, adultery creates the need to traffic women and young girls in an unlawful manner. Therefore, it acts as a start of the circle of more new evils. In addition, although the Quran acknowledges the act of slavery, it prohibits trafficking of girls and women and in particular does not condone any sexual relations with the abducted girls. In this sense, the Tunisian women who are involved in these activities greatly go against the Islamic laws and are eligible for punishment (Kassam, 2010).