The Impact Of Bond Market On European Government Debt...

2. The Impact of Bond Market on European Government Debt Problems 2.1. Bond Market The bond market is one of the fixed-income markets that it is deals in with transaction of long term fixed-income securities. Moreover, the bond is one of the financial instruments and then the financial instruments are generally regarded as securities. In the bond market, there are two bonds familiar to mass investors. One is called government bonds, and another one is called corporate bonds. Firstly, as its name, government bonds are issued by government with maturities up to about 30 years. Usually, medium term bonds and long term bonds pay out fixed amounts of coupon payments in semi-annually during the repayment period. But, the index-linked bonds pay out alterable amounts of coupon payments in semi-annually because of the changes in inflation. The reason of government bonds are always have a lot of attraction to investors is that investors are generally referred to government bonds as bonds being free from default risk. With this characteristic, government bonds are safer than most other financial instruments to invest. However, the high return always with the high risk and vice versa that government bonds offers lower yields. Secondly, the corporate bonds is the another one that are concerned more by investors in daily transaction activities. There are three main sources for corporates to raising finance for their investment projects, they are: retained earnings, non-marketable debtShow MoreRelatedAn In-Depth Analysis of the European Debt Crisis908 Words   |  4 Pageseconomic consequences, prevention as well as control of the European Debt crisis. A definition of the debt crisis is also provided. Recommendations on the way forward are also provided. Introduction Debt crisis is noted by Pescatori and Sy (306) to be a term that had before 1990s been used to typically refer to defaults in debt serving. This definition however became very problematic with the emergence of the sovereign bond markets. Debt crisis therefore generally deals with nations as well as theirRead MoreEurozone Debt Crisis1274 Words   |  5 Pageschapter in the Eurozone debt crisis as voters in France and Greece voiced their disproval over current leadership. With news of Frances Sarkozy losing the presidency, and a dismal election result for Greeces pro-bailout parties (Reuters.com. May 7, 2012. PP. 1); the future of the Eurozone continues to be shrouded in uncertainty. Debt yields for Greece, Ireland, and Portugal spiked as bond investors ruminated over fiscal and monetary policies. Likewise in Spain, the ten year bond pushed closer to theRead MoreLehman Brothers And The Financial Crisis1365 Words   |  6 Pagesmajorly invested in very complex and overpriced financial products. As a result, the interbank market became volatile and risk premiums on interbank loans increased. Banks faced a serious liquidity problem, as they experienced major difficulties to revolve their short-term debt. At that stage, policymakers still perceived the crisis primarily as a liquidity problem. However, it was widely believed that the European economy would be largely safe to the financial turbulence. The real economy, though slowingRead MoreEssay On The European Economic Crisis1187 Words   |  5 PagesThe background to the World and European economic crisis. The main cause of the 2008-9 financial crisis was caused by the collapse of the housing bubble within the USA. But the housing bubble was created many years earlier. 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The euro, a single currency for a collection of European countries, created a smoother process of purchasing power withinRead MoreThe History of European Integration815 Words   |  3 PagesThe History of European Integration The European integration, developed mainly by political scientists, is a story in which visionary leaders and forward-looking nation states engaged in the critical adventure of designing a new Europe. In 1930s these prophets sought, but failed, to prevent the outbreak of the Second World War, therefore many initiations were taken to create a peaceful political and institutional order. Europe, potentially a political entity, took form through treaties and the resultingRead MoreEurozone Crisis Essay887 Words   |  4 PagesIn the wake of the Great Recession, around late 2009, a debt crisis began to develop in Europe that left several of its economies with high debt to GDP ratios and ‘burden of debt’. The debt ratio in the Euro Area increased from 64 percent in 2007 to 92 percent in 2015. A similar development was seen in the European Union as a whole, with some peripheral countries experiencing larger increments. In what came to be known as the â€Å"Eurozone Crisis†, many peripheral countries, particularly Greece, IrelandRead MoreCritically Analyse How the Government Debt Problems Initially Faced by a Few Relatively Small Economies Could Trigger Such a Wide Impact in Financial Markets2394 Words   |  10 Pagesthe government debt problems initially faced by a few relatively small economies could trigger such a wide impact in financial markets Introduction Since the Greeces debt crisis happened, the Euro zone has to confront with a huge sovereign debt crisis, like governments debt increased, bond yield spreads widened, Euro exchange rate fell as well, which caused that the whole international financial markets gradually lost the confidence. 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Amidst the ongoing recession and soaring unemployment rates, the damaging austerity policies have proven to be costly to the healthy sectors, making it difficult to cope with the collapse of the economy. This has slowed down the pace of Spain’s economic recovery. Therefore

Interview Giovanni Budan s Interview Essay - 956 Words

Interview: Giovanni Budan Recently, I had taken the time to interview Budan. His full name is Mr. Giovanni Budan. He is 27 years old. He’s an Italian – American man who is happily married for 13 years and is living with his wife in Almaden Valley in San Jose California. He’s pursuing a degree in Marriage and Family Therapist. His major approach was to study Behavioral Science. He was employed in big organizations like Apple and Google. Currently, he was working as a Chef. He belonged to the joint family. His family consists of his Parents and three Siblings out of which there were two sisters and one brother. His maternal grandparents lived near his home since his childhood. There were two aunts and five cousins from the maternal side but on the parental side there was the only grandmother. He was very close to his maternal side family. Budan’s maternal grandparents were originally from Lowell, Massachusetts. His maternal great-grandparents immigrated from Italy when his mother was just a girl. They had chosen the path through Ellis Island in New York City and eventually settled in Lowell, Massachusetts. Budan’s Grandfather spent his child and adolescent-hood there, and eventually joined the Army when he (Budan’s Grandfather) was just eighteen years old. After traveling the world through the military Budan’s Grandfather settled down with his Grandmother and they moved to San Jose, California. And since then they are living together. His parents were both raised in San Jose,

Gulliver’s Travel Satire Free Essays

Gulliver’s Travels is written from the perspective of a shipboard doctor named Lemuel Gulliver, and tells of four of his journeys into remote parts of the world. At the time Jonathan Swift wrote (1726), the increase in exploration of all parts of the globe had made stories of travels quite popular; the travels Swift wrote of, though, were fictional and satirical, even though presented as if a factual account written by Gulliver himself. A Voyage to Lilliput: Mocking the Pompous Gulliver’s first voyage takes him to a land inhabited by people who are six inches tall. We will write a custom essay sample on Gulliver’s Travel Satire or any similar topic only for you Order Now Lilliput and its rival kingdom of Blefuscu carry on as if their affairs were just as vital as those of European nations, and their nations just as capable, despite the fact that Gulliver could step on them all if he wished. As he records their society, court intrigues, religious disputes, and wars, it becomes clear that European politicians and aristocrats share much of the ridiculousness of the Lilliputians. When Gulliver is finally forced to leave Lilliput, it is because of trumped-up charges of treason fabricated by court enemies. He spends a short time in Blefuscu, but because Lilliput threatens war over his presence there, he resolves to leave rather than cause further trouble. When Gulliver journeys to a land of giants called Brobdingnag he experiences what it feels like to be a Lilliputian, as the giants are as much larger than him as he is larger than a Lilliputian. Gulliver’s various brushes with death are humorous, but Swift also uses them to reinforce a major focus of this section: just as Lilliputian affairs are ridiculous because of their smallness, human pretensions are ridiculous as well. Swift’s second major target for satire appears when Gulliver tries to show the Brobdingnagian king the greatness of England; he succeeds only in showing its corruption. While English civilization is more complex and more technologically advanced than Brobdingnag, a large portion of the technology is devoted to war and destruction, and much of the complexity of law and government is an opportunity for massive corruption. Swift’s satire has expanded in this section to cover the entire nation, and other European nations as well. A Voyage to Laputa: Pretensions to Knowledge Gulliver’s third voyage, â€Å"to Laputa, Balnibarbi, Luggnagg, Glubbdubdrib, and Japan,† is divided into four main sections (his visit to Japan at the end is brief). Each stop on Gulliver’s trip mocks mankind’s claims to knowledge and understanding in some way. Laputa, as an island of absent-minded thinkers floating in the air, gives a good picture of a people with impressive thoughts, but no good connection to reality. When Gulliver leaves for the land of Balnibarbi below and enters the city of Lagado, the satire turns much harsher. Swift portrays there a group of men who, after spending some time in Laputa, attempted to apply their pet theories to the improvement of the country. But their ridiculous schemes have ruined it, because the theories took no account of reality. Still, most people follow their schemes, for they are after all new, modern, and scientific. Glubbdubdrib is a land where magicians can temporarily bring the dead back to earth, allowing Gulliver to speak to various famous historical figures. He discovers, though, that much of the history he has read is inaccurate, through either the ignorance or bias of the historians. Swift also takes this opportunity to speak again of the frequent evil of even honored men such as religious leaders and aristocrats. In Luggnagg, Gulliver himself comes in for mockery. Upon hearing of the existence of immortals in the land, he begins to imagine the greatness of their lives, and sketches out the life of learning and leadership he would live were he to be immortal. His host then informs him of one thing he has failed to understand — the immortals do not have eternal youth — a fact that overthrows his whole grand scheme. A Voyage to the Country of the Houyhnhnms: Human Beastliness Gulliver’s final voyage is to a land of intelligent horses called Houyhnhnms, and beastly human-like creatures called Yahoos. In his depiction of the Yahoos, and the parallels he draws between their brutish behavior and that of humans, Swift expands his satire to the evils of the entire human race. The perfectly rational and virtuous Houyhnhnms provide sharp contrast to this, leading Gulliver to eventually become so ashamed of his humanity he almost begins to act like a horse. Despite Gulliver’s eventual elimination of some of his bad tendencies through imitation of the Houyhnhnms, he is eventually exiled on the argument that his combination of greater intelligence than Yahoos and lesser virtue than Houyhnhnms makes him dangerous. The end of the story presents Gulliver’s dilemma: he is now horrified by his fellow humans, yet his behavior in talking to horses and refusing to eat with his family is enough to make the reader wonder if he is insane. Gulliver’s dilemma is also humanity’s. Developing greater virtue can lead to hating humanity’s corrupt nature, but trying to escape one’s own human nature because of its corruption is insanity. So throughout Gulliver’s Travels, Swift repeatedly satirizes human corruption and inadequacy from a variety of angles. The four adventures progressively increase the scope and forcefulness of these attacks, leading to the thematic climax that ties off the plot. How to cite Gulliver’s Travel Satire, Essay examples

The Rabbits free essay sample

The Rabbits The Rabbits written by John Marsden and Shaun Tan is an allegorical fable about colonisation told from the perspective of the natives, represented as billibies. The Rabbits are a metaphor for the white settlers of Australia and the story is about their negative effect on the world of the Aboriginal people. The use of imagery is widely used through the text. It creates a sense of feeling as, if imagined you would be able to feel part of the story. Emotive Language was used as well to portray a feeling to the reader for example, â€Å"Who will save us from the Rabbits? This picture book shows a lot of symbols which enhances more of an illustration for example the rabbits themselves are a symbol as they represent the British who colonised and also the billibies represent the aborigines. The illustration of this visual text done by Shaun Tan is beautiful to look at because of the superb artistic style which are bold and creative. We will write a custom essay sample on The Rabbits or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They range from light and airy peaceful landscapes, to dramatic collages. The rabbits are drawn stylish experts who change the environment. As the story goes on, the bright colours drain from it, leaving blackness. The setting, a rural area or the outback are shown in relation to what the rabbits did to the calm environment, changing it into the land they want it to be which was against everything the aborigines believed about land in their culture. Personification is where the act of attributing human characteristics to abstract ideas is used to convey the message or moral of the text in a unique way. The quote, â€Å"no mountain could stop them; no desert; no river† is a use of personification in the text suggesting the depth of the story. Sarcasm is not widely used throughout the text but can help give a better meaning to the story. The Gaze of the characters are not demand as they are not facing the reader but are looking somewhere else which is offer. Themes expressed through this visual text are strong and powerful. For example, War, the destruction and fights occurring between the rabbits and natives are intense and heart-breaking. The amount of bravery and sacrifice they do to protect the land from harm’s way is incredible. However, because of how advanced the settlers are, the natives do not stand a chance in defeating the rabbits but they do not lose hope in peace. In the end, the natives do everything they can to protect the land and their families from the rabbits but one by one the rabbits take what is not rightfully theirs, taking their children, their home and their connection to land which changes the natives’ minds whether or not anyone can save them from the rabbits’ ways? Muzna Usmani 8Gc 3rd August Friday 2012