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World Bank
World Bank (WB) was established in 1944 to help the whole file ... How did the financial crisis? Crisis for me is not something surprising. Not that I did predict or know how long, or how deep it will be, but from 1995 to 2001 there were crises graduate consulting group in Mexico, Southeast Asia, Russia, Brazil, Argentina. Actually unusual are the years between 2001 and 2007 - they were unusually good and calm globally, including for Bulgaria. And now it's time to pay the bill. Recently, voices rose to give a lot more power and the World Bank and the International Monetary Fund (IMF
The International Monetary graduate consulting group Fund (IMF) is a global organization ... the whole file), which almost become something of a global reserve bank. As someone who worked on these structures, how would you comment on these ideas? As I said, the 2003-2007 period was a wonderful world - had low interest rates, relatively low inflation, abundant external financing. However, these were difficult years for the IMF
The International Monetary Fund (IMF) is a global organization ... the whole file and its budget. The fund was shifted sideways, and his portfolio of loans fell from 103 billion to 17 billion dollars. Of course, the IMF
The International Monetary Fund (IMF) is a global organization ... The whole file will continue to exist, but to be decided in what form and with what powers. Most likely to give greater weight to systemically important developing countries - China, India, Saudi Arabia, South Africa, graduate consulting group Brazil. Meanwhile, IMF
The International Monetary Fund (IMF) is a global organization ... The whole file has already announced readiness to help, especially in the so-called. emerging markets. For example, granted $ 6 billion loan to Iceland, of which 1 billion are own funds. Crisis fund not only react to your account, and coordinate and loans from various sources - for example, in Mexico in 1995, 50 billion dollars, which was the largest of its time, the United States joined with the majority of amount. And to see how much money we are talking now - Germany and France need 400-500 billion. Therefore we say that the crisis is without precedent. Authorities who have to deal with it, act groping. In time, it may be that allowing Lehman Brothers to fail was a mistake because it led to the evaporation of confidence graduate consulting group and liquidity drying up. After Bear Stearns graduate consulting group was the idea that they will not allow a large financial institution to fail. After Lehman Brothers but now nothing was known. Then suddenly showed very clearly how globalized financial system. Profile Lyubomir Hristov graduate consulting group is co-chair of the Institute of Certified Financial Consultants in Bulgaria. In 2008, he joined the newly created European Commission Expert Group on Financial Education. In the period April 2007 - June 2008, he served as executive director of the Central Depository. In 2001 - 2006 he was managing the project on U.S. companies. graduate consulting group From 1995 to 2000 he was advisor to the Executive Director of the World Bank, representing Bulgaria. graduate consulting group Previously, he was a board member of the Bank. What really is important for the crisis, however, is that it will not become depressed. For Bulgarian reader differences between recession and depression may seem purely terminological, but they are very important. Besides the Great Depression of 1929-1933, another example is Japan since 1990. Then after drilling the bubble in real estate, the Nikkei had reached 40,000 (at current levels of about 8500). Then it was said that the assessment of the land under the Imperial Palace in Tokyo is higher than valuation of the land in the state of California. This is a bubble. Why prevailing assessment graduate consulting group that global depression will be averted? The recession is part of the normal business cycle. Now it is complicated by congestion in the credit market and possibly deeper. But to have depression, there must be error-policy and now will forgive them. Experienced unprecedented, some would say unprincipled, activity of governments in the U.S. and Western Europe. Some time ago because of their culture, you can not insult your partner, Japanese for 5-6 years have not taken any action against the serious problems of its banking system. Now, within graduate consulting group two months in the U.S. and in Europe, despite the finger pointing and the search for witches there and experimenting with new and different measures to cope with the situation. Kak expect