The credit crunch and
banking crisis exposed the weakness of our finance system.
Not exact matches
While foreign borrowing represents only 10 % of total debt and China is a net creditor to the rest of the world, China is potentially still
exposed to an internal funding
crisis due to insufficient
bank deposits.
Australian
banks, which were less
exposed to the global financial
crisis, have been raising their domestic government bond inventories since 2008 and cutting those of corporate bonds since 2010 (Graph 3, centre panel).
But unless we broaden our economic base and tackle irresponsibility of the
banks we will be
exposed to
crisis as we were in 2007.
When the World
Bank issued a report last fall that found that 60 percent of primary school children in developing countries were failing to achieve a basic proficiency in reading, writing, and mathematics, it
exposed a so - called «learning
crisis» in global education, one in which children attend school for years but fail to learn.
With all that's happening now in the Eurozone, the impending
crisis is bound to affect
banks exposed to European debt.
This means that they are
exposed to counterparty risk, which became an issue during the Financial
Crises when several
banks that acted as counterparties for those derivative contracts went bankrupt.
Unfortunately, many of those
banks that were heavily
exposed to the real estate markets failed during the financial
crisis that began in 2007.