Friday, February 21, 2020

Comparison between the Greek Crisis of 2010 with the Argentinean Dissertation

Comparison between the Greek Crisis of 2010 with the Argentinean crisis of 2001 - Dissertation Example .†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦17 Chapter 4 Conclusions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..23 Chapter 5 Reflective Report†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..25 Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...28 ABSTRACT This paper attempts to study the Greek Financial Crisis of 2009 and the Argentinean Crisis of 2001 in a comparative framework. The idea is to deduce a policy remedy for Greece to recov er from the recession. The primary issues addressed in this paper comprise the state of the economies of the two countries at the time of recession, the sovereign bond default and its causes. The research tries to compare the policy situations of the two countries to evaluate the effectiveness of the Argentinean policy measures to fight the Greek Crisis. In this situation the paper concludes that though there are similarities in the two situations and issues of concern, but they are not identical. The magnitude of the Greek crisis is much more and consequences much graver due to the ongoing crisis in the global financial markets. Hence the Greek government needs to tread a more unconventional path than Argentina. The government has to depend on the foreign assistance to resurrect itself in the absence of a healthy global financial market. LIST OF ABBREVIATIONS IMF International Monetary Fund EU European Union ECB European Central Bank ACB Argentinean Currency Board EC European Commi ssion UNECE United Nations Economic Commission for Europe 1.... In this paper we studied the emergence of the Greek Crisis in Europe at the backdrop of the global crisis. We delved into the causes of the crisis and compared it with similar experience of recession in the past in other parts of the world. In this context we took a particular interest in the Argentinean Crisis of 2001 because of the conventional policies adopted by the country in fighting their crisis and the success they achieved in reaching their goals. Our primary interest in this paper was if the same model to tackle a recession could be applied for the case of Greek recession. In this scenario we tried to evaluate the situation of the two economies and considered all the channels Greece can assume. We also considered the consequences of the crisis and its impact on the partner economies as well as the global financial situation. That helped us to judge the severity of the crisis and hence the interests of the national and international agencies to help Greece. Our method of ana lysis has been mostly a comparative study of the Greek crisis with the Argentinean crisis and an advantage and disadvantages of the solutions Greek can adopt. In comparison to the Argentinean crisis we noted that both the countries share some similarity in leaning on credit for loan servicing as well as personal consumption. There was also a degenerated trade system owing to overvaluation of currency and wage price rigidity in both the countries.

Wednesday, February 5, 2020

Employee Relations Assignments One Case Study Example | Topics and Well Written Essays - 2000 words

Employee Relations Assignments One - Case Study Example I identified UK Leasline as the most appropriate organization that could help the small business to accomplish its goal. The company offers capital to businesses in the UK at affordable terms, and I needed to purchase the office equipment at hire purchase to pay through installments as the business expanded. However, it was difficult to acquire the credit facilities since my business was a start up and therefore there was no collateral. I had to negotiate with the credit appraisal team for to prove that my business had the potential of growing to a substantial size to repay the borrowed capital. I knew that after launching the business, there were high chances for it to grow gain the capacity to negotiate better for loans. However, to get to that point, I had to use negotiation techniques so that I could not loose the opportunity. Since I had no tangible property but ideas, there was no need to negotiate with the credit appraisers. The appropriate person was the credit manager, who on the other hand was not directly concerned with issues regarding credit appraisals. But I had to proof my case to him and negotiate a deal because when I contacted the junior officers, they asserted their principles of collateral as well as offering credit to continuing businesses. With such principles, I could not excel in business. I consideredI considered myself successful even before I engaged in the negotiation process since I had the conviction that my idea was prudent and that anyone else who would give it a critical thought would find it an inventive decision. I remembered what a teacher who was my mentor once commented that I was a critical thinker. I had developed a close relationship with him because of the way I approached issues with sophistication. These memories gave me confidence and motivation to go ahead with my aspiration. On the other hand, I had witnessed start up businesses becoming successful, especially the ones that dealt with the same field as my intended undertaking. This meant that the business could attain sustainable profitability while on the other hand continuing to repay the equipments acquired on credit. I intended to show the senior credit officer my business plan and explain my vision to him so that he too could visualize my idea. I always though of how I would be happy after accomplishing my mission. However, I knew that there were drawbacks that could become a hindrance to my efforts of acquiring the loan. In the first place, I had no track record of previous loans that I had successfully repaid. This lowered my chances of proofing my credibility. Nevertheless, my age was an indicator of insufficient experience in handling large sums of money or managing a business on my own. I remembered how one of my friends took over the management of his father's business after he was taken ill, which led to its collapse. The business had been established through a loan for the purchase of equipment. To make the matter worse, the head of the credit appraisal team in UK Leasline worked in the company that issued the loan as a credit appraiser at the time. Only three years had passed from the time the business collapsed, which led to the demotion and eventual termination of all the credit appraisers that were involved in the appraisal of my friend's father to qualify for a loan. The dilemma in this situation was the fact that the head of the team who was to appraise my