ipl-logo

Australia During The Financial Crisis In 2007-2008

518 Words3 Pages

Outlook debt market in Australia

During the financial crisis in 2007 - 2008, a set of banks controlled by government had to face bankruptcy as well as a wide range of large financial institutions had been collapsed. It led the financial markets all over the world in difficult situation as there was a significant increase in number of unemployment all over the world as well as a decline in economic. This resulted in the international recession was continue from 2008 to 2012 and created more difficulties for some countries to re finance their government debt.

Over the last few years, global debt markets are getting more efficient because government had played an important role in using its tools and its policies to stabilise the economy. Australian financial market suffered from the crisis, it is still one of the well-developed and largest financial markets in Asia –Pacific (Austrade). …show more content…

Australian gross debt in 2013 was announced approximate 300 billion AUD – this figure is a measurement based on the issuance of Commonwealth Government Securities (http://www.abc.net.au/news/2014-03-13/joe-hockey-correct-on-australia-debt-and-spending/5310736)

The national debt market in Australia has been affected by certain factors such as interest rate, tax policies, innovation in technology, etc. but its net debt position remained at the lower level compared to other nations by international standard.

Show More
Related

How Did World War 1 Affect The Australian Economy

970 Words | 4 Pages

World War 1 brings Australia negative aspects. Form 1914to 1920, the percentage of the product producing have decrease almost 10%. Average income decreased 16%. As Ian McLean observes, “Had this occurred in peacetime it would have been classified as a depression.” Between 1932 and 1933, Australia emerged from the economic crisis, and the economy gradually became prosperous, which characterized by rising export prices, industrial recovery and increasing fiscal revenue.

Read More

Rst1 Task 2

424 Words | 2 Pages

4. DATA SOURCES AND DESCRIPTIVE STATISTIC 4.1 Data Sources This paper uses the annual data from 14 countries in Asia which have already established capital market in their countries in 8 year period times between 2005 and 2012. The countries are Indonesia, Malaysia, Singapore, Vietnam, Thailand, Philippines, China, South Korea, Taipei, Mongolia Bangladesh, Bhutan, India, and Sri Lanka. All data is cover countries at East Asia, South East Asia, and South Asia which is taken from Asian Development Bank publication: Key Indicators for Asia and the Pacific 2013.

Read More

Bank Of Canada During The Great Depression Of The 1930s

475 Words | 2 Pages

The Great Depression of the 1930s had a major impact on the Canadian economy, and the Bank of Canada was established as a response to the Royal Commission's recommendation for a centralized bank. This was a major achievement of the Bennett government, which preferred British models over American ones. The Canadian Supreme Court allowed the creation of the Bank of Canada and the Canadian Radio Broadcasting Commission, setting a precedent of increased federal government responsibilities. Furthermore, Mackenzie King's foreign policies grew more active in the late 1920s The Bank of Canada (BoC) played a vital role in stabilizing and protecting the Canadian economy during the Great Depression.

Read More

The Pros And Cons Of US National Debt

291 Words | 2 Pages

As of right now America is in debt over eighteen trillion dollars. Obviously America is not perfect and there is still a lot of other challenges arising; however, being in over eighteen trillion dollars in debt is a very serious issue. If we remain in debt and get deeper into debt then

Read More

Stereotypes Of Suffering In Australia During The Great Depression

782 Words | 4 Pages

On October 29, 1929, the stock market crashed, affecting millions of people worldwide (Stevens).[a] Australia was one of the most directly affected countries to suffer from this recession, due to their increasing debt to oversea countries and decline in trade (Stevens). Lots of Australian citizens were unemployed during this time. Although the Great Depression was a time of great suffering in the lives of citizens, wealthy government officials were unaffected and did not provide much aid for the poor.[b] Lots of Australian citizens suffered[c] greatly during the Great Depression. Despite many people’s beliefs, losing a job meant much more than just financial problems for the majority of Australians; they lost self esteem as well (Williamson).

Read More

Effects Of The October Crisis

732 Words | 3 Pages

October Crisis 1970s The War Measures Act was brought in to destroy the FLQ (Front de Liberation du Quebec) in the nineteen seventies which affected many French-Canadians living in Quebec especially people living near the city of Montreal. This group was originated mainly from Quebec because the French-Canadians felt that they were isolated from the rest of the society, they decided to make their own country which they could keep practicing their culture, speak their language and have their own laws. Pierre Trudeau was a great prime minister of Canada especially when he dealt with the October Crisis by bringing in the War Measures Act to wipe out the FLQ. The FLQ were determined to get sovereignty for Quebec by using any means necessary including

Read More

The Pros And Cons Of National Debt

236 Words | 1 Pages

The United States is currently in debt for over 18 trillion dollars. National debt has more than doubled in the past 12 years alone. Debt has accumulated from the high costs of healthcare programs, the Social Security program, and National defense. National defense costs have been especially high due to the Afghanistan and Iraq wars. Taxes are simply not creating enough income to pay for these pricey expenses.

Read More

Austerity During The Great Depression

205 Words | 1 Pages

Proponents of austerity are not wrong in theory. If someone is loaned money, the intention is to have that loan payed back. Arguments for austerity lack plans for a stronger economy as a whole. The people of Greece need to work. They also should not retire early.

Read More

The Great Depression In Canada

1313 Words | 6 Pages

The great depression in Canada started in 1929 and ended in 1939. This essay is going to talk about how the great depression had affected Canada economically, socially as well as politically. The Great Depression had affected Canada significantly as there was a drop in the economy, the economic drop had also affect the citizens living in Canada by a wide margin. A lot of other political systems and parties were also created due to the Great Depression. Thus, to a great extent, the great depression had affected Canada economically, socially as well as politically, as there was an economic job, population changed occurred, and new political parties were created.

Read More

Australia's Financial Objectives

856 Words | 4 Pages

Executive Summary all businesses must manage finances effectively in order to operate and grow. For financial management to be effective it must create plans and strategies around the control of cash flows, the control of costs and the control of debt levels. In this way the financial goals can be realised. The influences on the financial management of business include a range of external factors such as the domestic government’s economic decisions and legislation, and the global economy, which has become a major influence on not just the financial function but all aspects of business operations. However there are financial management strategies to overcome these influences such as interest rates, Methods of international payment, Hedging and

Read More

The Pros And Cons Of Government Debt

181 Words | 1 Pages

It is well known that when government debt as a percentage of GDP exceeds a critical point, it becomes disastrous (Checherita and Rother, 2010). The national debt has reached a nearly unbelievable level, leaving policymakers, government officials, and the general public worried. The United States has only ran a surplus 4 years- 1998 to 2001- which has allowed for quite the compounding of debt. The likelihood of the government defaulting on its debt service obligation increases as the national debt per capita increases, which requires raises on the yield of newly issued treasury securities to remain appealing to investors. This shifts the expenditures from governmental services to paying interest on securities, which will lead to a lower standard

Read More

Personal Narrative: America As A Nation Is In Debt

265 Words | 2 Pages

America as a nation, is in debt. Today, the United States of America is in debt 19.3 trillion and growing every second! That is a debt burden of $59, 586 for every man, woman, and child in this nation. Not only is our government binding future generations to trillions of dollars of debt, we have lost 5 million manufacturing jobs since 2000. Globalization and outsourcing are leading to the steady decline of our manufacturing industries.

Read More

Great Recession In The 1980's

1669 Words | 7 Pages

The ‘80s was a phase of very high economic instability. A great recession in 1981 lead to a great rise in unemployment as the government attempted to reduce the rate of inflation. I will be looking into the main factors that were critical to all the instability resulting in the rise in unemployment. Inflation can be decreased by side regulations that will reduce the rise of AD and/or increase the increase rate of AS. Supporters of the “Thatcherite Revolution” debated that this allowed the UK to take on enduring difficulties like inflation, low manufacturing affairs.

Read More

America During The Great Depression

465 Words | 2 Pages

The Great Depression In 1929 a depression started when the stock market crashed and millions found their life savings were worth nothing. The crash had a great impact on America and Americans. Banks closed, people lost their jobs and some lost everything. If not for World War II (WWII), it could have lasted much longer.

Read More

The Pros And Cons Of National Debt

757 Words | 4 Pages

Gross federal debt is the made up of public debt securities. The debt is held by the public, the government’s debt is the highest. High national debt means that there is little economic growth. The national debt is an issue my generation will face and debt will continue to get larger, this is an important issue and could get smaller with expanding GDP, causing an increase in economic growth and prevent the creation of offshore accounts made by corporations. One way to cut the national debt is to expand GDP, the gross domestic product is the best way to measure the country’s economy.

Read More

More about Australia During The Financial Crisis In 2007-2008

Related Topics

Open Document