Atanda, Akinwande AbdulMaliq and Idowu, Olufunmilola Fareedat (2012): Accountants in the Global Financial Crises Bail-Out: The Outlook. Forthcoming in: : pp. 1-14.
Preview |
PDF
MPRA_paper_35871.pdf Download (73kB) | Preview |
Abstract
The ravaging global financial crises that have engulfed most developed nations and spread to emerging economies in the South and West poles of the globe have been found to emanate from United State unpaid housing mortgages. The crises have resulted to decline in consumer wealth, economic activities, foreclosures, decrease in aggregate demand and high lending defaults trigging different bail-out initiatives in most vulnerable nations. This paper evaluates the evolution of the crises, causes, effects, transmission channels and the contributions of the Accountants in the financial turbulence. On the basis of the critical assessment, proper policy outlooks were proffered like greater transparency, corporate governance, and strategic financial risk analysis, standard reporting and financial stability checks to be fostered and instituted by the international accounting standard board in order to facilitate effectiveness of the bail-out plans.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Accountants in the Global Financial Crises Bail-Out: The Outlook |
| Language: | English |
| Keywords: | Global Financial Crises, Bail-Out, Accounting Standards, Mortgage Crisis, Financial burbles, Financial Stability |
| Subjects: | F - International Economics > F0 - General > F01 - Global Outlook G - Financial Economics > G0 - General > G01 - Financial Crises |
| Item ID: | 35871 |
| Depositing User: | Akinwande Atanda |
| Date Deposited: | 11 Jan 2012 15:06 |
| Last Modified: | 08 Oct 2019 04:42 |
| References: | Akingunola, R. O & A. O. Sangosanya (2011). Global Financial Crisis and Industrial Sector Performance in Nigeria: A Structural Analysis. European Journal of Humanities and Social Sciences, Vol. 3, No. 1, Pg. 66-81. Retrieved from http://www.journalsbank.com/ejhss_3_2.pdf Maku E. O, Atanda A., and A. B. Adesoye (2009). Global Economic Melt-Down and Macroeconomic Implications on the Sub-Saharan African Countries. African Journal of research in Personnel and Counseling Psychology. Vol. 1, No. 2. Pg . 168-181. Retrieved from http://mpra.ub.uni-muenchen.de/35842 Wikipedia (2011). Late-2000s Financial Crisis. Retrieved from http://en.wikipedia.org/wiki/Late-2000s_financial_crisis |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/35871 |
All papers reproduced by permission. Reproduction and distribution subject to the approval of the copyright owners.
 |
View Item |
