Understanding the 2008 Financial Crisis: A Detailed Analysis
The 2008 Financial Crisis: A Detailed Analysis
2001-2006: Phase of Liquidity Degradation in Subprime Lending. The credit crisis begins to expand due to central bank stimuli aimed at paying back banks and securitizing their loans. Investment banks shift away from short-term debts that are renewed daily.
Therefore, interest rates fall dramatically, reducing the WACC (Weighted Average Cost of Capital), and projects with very low ROA (Return on Assets) become profitable. Families begin to demand housing,
Read MoreKey Thermodynamics and Fluid Mechanics Concepts Defined
Reynolds Number
A dimensionless coefficient related to critical velocity. Above a certain speed, fluid flow transitions from laminar (layered) to turbulent. It can be calculated using fluid properties, velocity, and a characteristic length (e.g., Re = ρvd/μ).
Compressibility Factor (Z)
A measure of the deviation of a real gas from ideal gas behavior. Defined as Z = Pv / RT, where v is the molar volume (V/n), P is pressure, R is the ideal gas constant, and T is temperature.
Triple Line
Represents states
Read MoreEssential Literary Devices and Poetic Terms
Sound Devices
Alliteration
Repeated consonant sounds at the beginning of words placed near each other, usually on the same or adjacent lines. A somewhat looser definition is the use of the same consonant in any part of adjacent words.
Assonance
Repeated vowel sounds in words placed near each other, usually on the same or adjacent lines. These should be in sounds that are accented or stressed, rather than in unaccented vowel sounds.
Consonance
Repeated consonant sounds at the ending of words placed near
Read MoreVisigothic Kingdom: Power, Politics, and Transition
ITEM 9. Visigothic State: Policy Formation and Structure
In the Visigothic Hispanic kingdom, particularistic tendencies coexisted. Although some areas under Visigothic rule exerted force against the monarchy, the core issue was political, regardless of whether Visigothic reality was based on political or private ties. In the 20th century, two historians challenged the idea of a dual sphere of public and private political power. They argued this wasn’t derived from Germanic traditions but rather Roman
Read MoreCell Membrane: Structure, Fluidity, Transport, and Signaling
Cell Membrane and Biomembranes
Each cell has a limiting boundary: the cell membrane, plasma membrane, or plasmalemma. It is a living membrane, outermost in animal cells but next to the cell wall in plant cells. It is flexible and can fold in or fold out. The plasma membrane is made of proteins and lipids, and several models have been proposed regarding the arrangement of proteins and lipids. The fluid mosaic model is widely accepted.
Fluid Mosaic Model
According to the fluid mosaic model:
- The plasma
Law of 1839: Confirmation and Fate of Basque Fueros
Text Classification and Purpose
This text analyzes two articles of the Law of 25 October 1839. This text is classified as follows:
- Form: Law
- Content: Legal and Political
- Origin: Historical Source
Furthermore, it is a primary source as it was written contemporaneously. The law was authored by the Spanish Courts (Cortes) and initiated under the regency of María Cristina. This public text was addressed to the four Basque provinces: Biscay, Gipuzkoa, Navarre, and Álava. Its primary purpose was to ratify
Read MoreDestination Analysis for Sustainable Tourism Development
Analytical Phase
- Analysis of the destination system (scale / structure / organization / components).
- Scales of analysis: Geographical area taken into consideration for the analysis.
- Organization: Distribution of tourist functions and their organization in the spatial territory (e.g., museums, physical buildings, travel agencies).
- Structure: Destination pattern (e.g., Barcelona’s city pattern).
- Components: Tangible and intangible resources, facilities, infrastructures, and entities present in the destination.
Myanmar’s Market Dynamics: Currency, Pricing, and Factors
During the reign of King Mindon, silver and copper coins were produced for use as the monetary standard for exchange. The Royal Mint of Yadanabon produced silver coins with the peacock emblem, dated 1214 BE. The one-kyat peacock silver coins produced by the mint were made to be of the same quality as Indian coins. Silver coins were preferred over copper and lead coins. Silver coins were used in denominations of pe thone, mu thone, nga mu thone, and kyat thone. The introduction of new methods and
Read MoreNAFTA Framework: Goods Trade, Origin Rules, and Disputes
NAFTA Development Timeline
- January 1, 1989: Canada-U.S. Free Trade Agreement (CUSFTA) enters into force.
- June 10, 1990: Canada, the U.S., and Mexico agree to pursue a free trade agreement.
- February 5, 1991: NAFTA (CUSFTA-plus, with Mexico joining) negotiations begin.
- December 17, 1992: NAFTA is signed by leaders from Canada, the U.S., and Mexico.
- August 1993: Additional side agreements on labor and the environment are negotiated.
- January 1, 1994: NAFTA enters into force.
Relationship with GATT and Other
Read MoreEcology: Population Regulation, Niches, and Interactions
- r-selection is selection for life history traits that maximize reproductive success at low density.
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In density-independent population regulation, birth rate and death rate do not change with population density.
- Environmental factors that occur randomly, regardless of population size.
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In density-dependent population regulation, birth rates fall and death rates increase with rising population density.
- Population density is maintained at or near carrying capacity (K).
- Density-independent factors are