Abstract
This paper discusses the history and causes of the 2007-2010 global debt crisis and the cost of the crisis to the global economy. The paper examines the regulatory controls and existing compliance and shows how they are inadequate. The paper also looks at some of the initiatives that have been undertaken by governments as a result of the crisis and discusses what more needs to be done to correct the situation and to ensure that such a crisis does not occur in the future. The paper contains graphs.

Table of Contents:
Introduction
Causes of the global debt crisis
Conclusion

From the Paper
"While the above steps are viable for reliving the debt crisis in the world, they may also have negative impact especially in the US. Use of debt to finance the global crisis would increase the national deficit to a level that could not be sustained in the future. The efforts of the federal government to aid the global financial system is only leading to new and significant financial commitments which are either in form of loans, loan guarantees and investment. This does not amount to direct expenditure which can only help improve the economy hence; the strategies may not aid the recovery of the US economy ."

Tags:investment lending equity, mortgage rates

Abstract
This paper argues that the global debt crisis represents a means by which the developed world reasserts its former colonial control over the newly-independent nations of the developing world. The author points out that, by loaning these countries money, often to serve the interests of corrupt local elites, debt accumulates to the point that these countries are barely able to meet their interest charges on the debt. The paper relates that Nigeria represents an example of what political scientists term a "rentier state". The author contends that, in Nigeria, an oil-rich country in Africa, its debt represents a means by which the natural resources and wealth of the developing world can be brought under the effective control of the developed world. The paper concludes that debt can be seen as an instrument of neo-colonial domination and control that continues into the 21st century.

Table of Contents:
Introduction
The Collapse of Colonialism and the Creation of the "Third World"
Developing World Debt Becomes Critical
The Debt Crisis in Nigeria: Internal and External Factors
Conclusion

From the Paper
"However, in all of these nations there existed the understandable desire to develop as quickly as possible. One of the easiest means to achieve this end was to borrow from lenders in the developed world to fund development schemes. The nations of what was termed the "Third World" borrowed heavily in the post-independence era, and when the nations of the developed world slowed down their economies in the 1980s to combat inflation this severely damaged the economies of Third World nations that depended upon commodity exports for foreign exchange. Without this revenue, they were often unable to meet their debt payments."

Tags:actors, disparities, imperialism, recolonize, borrowings

Abstract
Three times in the past two decades we have seen an economic crisis hit developing countries. These were the debt crisis in the 1980s, the Tequila Crisis in 1994-1995, and the Asian Crisis that started in 1997. Each of these had impacts that affected other countries as well. This paper looks at the ways in which such crises start and possible means to determine which countries are susceptible to them. The ways in which this type of crisis spreads is also examined, since it appears that the same methods of determining whether a country might be the source of such a problem can also show if a country is open to contagion in the event a crisis does occur in another country. The paper begins by looking at some of the events involved in the three crises discussed. Only the latest crisis-in Asia-is discussed in detail. The two prevailing hypotheses to explain these events are then discussed with their shortcomings. One interpretation is that the governments are to blame. This outlook claims that the latest crisis-in Asia-is the result of weak government regulations and strong government guarantees. This also leads straight into the moral hazard theory. The other side focuses on economics and claims that fragile markets in the region can allow a crisis in one market to trigger a panic and financial collapse in others. In the case of the Asian crisis this is traced back to Thailand. It is shown that by putting these two hypotheses together, rather than trying to keep them mutually exclusive, a more cohesive picture-and hypothesis-can be created. Information concerning the three crises examined is shown to be more readily explained by using the approaches together rather than separately.

Paper Outline:
Introduction
A Brief Look at Three Debt Crises
A Look at Prevailing Theories and Problems with Them
Tying the Two Approaches Together
Contagion
Conclusion and Comments
Works Cited

From the Paper
"Financial system reform is another area in which the realms of government and economics are clearly linked. Such reforms are virtually always the result of government action and not due to the efforts of business and industry. In fact, these reforms are often done despite the desires of the various sectors of commerce. The IMF again gives us striking examples of this. The conditions the IMF places on loans frequently require that a government take actions that will affect the economy. That is, in fact, the rationale behind the conditions."

Tags:IMF, ASEAN, baht, Great, Depression, taxation

Abstract
This paper focuses on the global arena of the 21st century and the public profile of the Debt Crisis, which once dominated headlines in the developed and developing worlds, has been largely supplanted by such concerns as terrorism and US military interventions in Iraq and other countries. This being said, the paper asserts that it may be argued that the primary features of this crisis remain with us today, and continue to define the economic and the social disparities between the global North and South. These disparities have served to reinforce the power of the industrialized powers and, in the process, ensure the continual underdevelopment of the so-called "Third World".

From the Paper
"In the global arena of the 21st century the public profile of the Debt Crisis, which once dominated headlines in the developed and developing worlds, has been largely supplanted by such concerns as terrorism and US military interventions in Iraq and other countries. This being said, it may be argued that the primary features of this crisis remain with us today, and continue to define the economic and the social disparities between the global North and South. These disparities have served to ..."

Tags:Africa, economy, corruption, third, world

Abstract
This paper looks at the Greek crisis from its early beginnings through the country's second bailout. It assesses Europe's involvement in both fomenting and solving the crisis. It also looks at the consequences of the debt crisis and potential default, and how it could affect the global economy.

Outline:
Beginnings of a Crisis
Greece - The Core of the Crisis
Avoiding a Default - Bailouts
The Effects of the Crisis

From the Paper
"In 2008, an unprecedented global economic crisis began to manifest with the collapse of Lehmann Brothers and a resulting cascade of events around the globe. After a brief moment of stabilization toward the end of 2009 and into the first quarter of 2010 following the initial shock, a second crisis began to surface in Europe as yields on Greek government bonds suddenly began to rise. A decrease in tax revenue across the globe as well as rising costs due to stimulus packages off the initial crisis had driven debts up around the world, but for Europe, the world's largest economy, the crisis in this small Mediterranean nation would mushroom into a system-wide event."

Tags:IMF, Eurozone, creditors, debt repayment, bailout, euro, default

Abstract
This paper explains that, in the 1980s financial crisis, the Latin American countries especially Mexico could no longer repay their foreign debts, which was caused by excessive and continuous borrowings even at a negative interest rates and the rising cost of commodities and a global recession that was aggravated by the Organization of Petroleum Exporting Countries (OPEC) oil crisis. Next, the author examines the measures instituted to arrest the collapse, such as the Baker plan, the Brady plan and the International Monetary Fund (IMF) and World Bank (WB). The paper relates how the recent financial crisis is linked to this 1980 financial crisis.

Table of Contents:
Introduction: The 1980's Crisis
Background
The Oil Crisis
The Effect of the Oil Crisis
The Debt Burden
The Financial Crisis
The Role of the Fed in the Crisis
August 1982
The Foreign Commerical Banks
The IMF-WB Conditions
The Baker Plan
The Brady Plan
Conclusion

From the Paper
"Latin American countries particularly Mexico are already feeling the brunt of these combined economic setbacks. The global economic slowdown diminished the demand of their exports thus decreasing their capacity to pay their loans. More importantly, the interest payments on their loans rose dramatically due to the increased interest rate imposed by the Fed to arrest the inflation. This measure took a toll on the economies of Latin American countries because of their heavy dependence on external loans.
"In August of 1982, Mexico, through its Finance Minister, Jesus Lava Hertzog declared that it cannot bear the crisis anymore and declared that it cannot pay its debt and asked for a 90 days moratorium. When he made this announcement, Mexico's debt already exceeded $80 billion and "almost 30 percent of this debt was due within one yea. He also requested a new loan to repay its existing loans and renegotiated for the due dates of their loans. This declaration of default on loans by Mexico precipitated a global financial crisis as other countries which has the same balance of payments problem like Mexico also declared its inability to pay its loan. Instead of a moratorium, Mexico's loans became immediately due."

Tags:borrowings industrialization, federal reserve, market orientation, insolvency

Abstract
The possible default of Russia on her debt has precipitated a crisis around the world, and coming at the same time as the Asian crisis, this may be a devastating second-tier of financial woe with effects far from Moscow.

From the Paper
"INTRODUCTION
The possible default of Russia on her debt has precipitated a crisis around the world, and coming at the same time as the Asian crisis, this may be a devastating second-tier of financial woe with effects far from Moscow. The Russian crisis has already affected investment in certain hedge funds and has frightened a number of analysts who realize what more could happen if the crisis is not resolved. Many Americans see Russia as far away and not related to American interests since the downfall of the Soviet threat, but this is not the case. The Russian crisis has already had an effect on the American economy and may have an even greater one. This may or may not be an argument for bailing Russia out, but it is certainly cause for some concern."

Abstract
This paper presents a review of George Anne Potter's "Deeper Than Debt". It notes the problems with the structure and organization of the book as a 'reader' or compendium. It also emphasizes the solutions and alternatives that Potter proposes to the current debt/financial crisis.

Abstract
This paper, to understand the meaning of the shadow banking system (SBS), first examines the history of the financial system over the last decade. Next, the author reviews the criticisms and realities of the SBS and assesses the costs and benefits of the shadow banking system to the economy. The paper concludes by addressing ways in which the system should be reformed in order to provide future sustained economic prosperity.

Table of Contents:
Introduction
Rise of the Shadow Banking System
The Evolution of Securitization
Shadow Banking: 2002-2008
Criticisms and Realities
The "Volcker Rule" and the Dodd-Lincoln Proposal
Alternative Fund Regulation
Reforms and Recommendations
Security Reform: Derivative Clearinghouses & Re-starting Securitization
Maintain Fed Powers
Change Incentive Structures
Final Thoughts

From the Paper
"In 1970, the Government National Mortgage Association ("Ginnie Mae"), an agency of the US government, issued its first mortgage "pass-through." This was the beginning of securitization. This process channeled debt capital into the housing market because the explicit government guarantees and diversification benefits attracted investors. Investors could now own pools of mortgages to augment their portfolio of stocks and bonds. The value of securitization was not simply that it allowed the institutions that originated the mortgages to continue lending."

Tags:securitization non-regulation, debt collateral, incentive structures, meltdown

From the Paper
" Trade liberalization in South America has been channeled largely into the creation of preferential trading areas (PTAs). These subregional trading arrangements are seen by the developing nations of the region as building blocks that will produce economic growth, encourage development, and eventually lead to the creation of a South American or Latin American free-trade area. Such steps are perceived as necessary preliminaries to entry into a global system of free markets or even into a hemispheric free-trade arrangement. Although the nations of South America have agreed in principle to the notion of a Free Trade Agreement for the Americas (FTAA), support is considerable for extensive deepening and expansion of subregional arrangements prior to undertaking the greater degree of liberalization that would be required by a NAFTA-like, hegemony-dominated, FTAA."