2 making of the crisis 3 from the mortgage crisis to the global economic & financial crisis
TRANSCRIPT
2
Making of the Crisis
3
From the Mortgage Crisis to the Global Economic & Financial Crisis
4
The Current Global Financial Crisis:The Deepest since World War II
5
6
Major Impacts
7
Slowdown in Economic Growth
8
Slowdown in Economic Growth
Fall in Export Demand and Commodity Prices
9
Sharp Drops in Private Capital Inflows
10
Interruption in Flows of Official Development Assistance (ODA)
11
+ €20 billion needed over the next 2 years to meet the target
Interruption in Flows of Remittances
12
2007 2008Billion $ 73 80
Growth % 24.7 10.3
2007 2008 200922 8 -(5 to 8)
Deterioration in Current Account Balances
13
Decline in global demand
Fall in oil & commodity prices
Credit crunch in export markets
Decline in Remittances
Slowdown in economic activity/growth
Decrease in imports(volume and import bill)
Current AccountBalance
Decrease in exports (volume and revenues) ( - )
( + )
Increase in Unemployment and Poverty
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15
16
The Global Economic & Financial Crisis:The Real Causes
Common Views on the Causes
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18
Implications for Islamic Banking
Islamic Finance as a Solution
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20
Islamic Theory of Finance and the Global Financial Crisis
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Islamic Theory of Finance and the Global Financial Crisis
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Islamic Theory of Finance and the Global Financial Crisis
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Islamic Theory of Finance and the Global Financial Crisis
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Islamic Theory of Finance and the Global Financial Crisis
25
Islamic Theory of Finance and the Global Financial Crisis
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Islamic Theory of Finance and the Global Financial Crisis
Concluding Remarks
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Concluding Remarks
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Concluding Remarks
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