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by Kester Ehiwario (Author), Uwem Essia (Author)
In March 2023, anxiety gripped the global stock markets as shares of Credit Suisse crashed. The fact that it happened shortly after the collapse of California's Silicon Valley Bank (SVB) has sent jitters over the possibility that another global financial crisis similar to the Great Recession (2008) may occur. It is explained here that the crisis of Credit Suisse has a much longer history. But the co-occurrence of the two sets of misfortunes reverberated fear and panic throughout the investor world; the collapse of Signature and SVB was perceived as signaling the spread of the failure contagion from smaller to larger banks. This indicates the power of perception in decision-making by economic agents. It is explained here that the swift actions taken to contain the crisis will most likely limit the spread of the contagion. However, central banks must exercise more care in raising interest rates to limit crowding out effects on banks. Banks must henceforth take their GRC metrics more seriously.
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A small yet very thoughtful devotional book. A beautiful way to promote seeing God everyday in everything.
Love the book! Can't wait to use it!!!
Excellent book and well-written and concise information. As new goat owners, we are delighted to have found it!
I enjoyed every page of this wonderful biography. He’s the best ! So wonderful to learn the in’s and outs of his family and life
Looks like it should be a good read, added to my pile to read this summer.