In 1926-1928 the U.S. economy was on the upswing. Increase of production volumes positively reflected on the financial performance of the companies, leading to the growth of the shares’ prices. The total value of the issued securities on the 1.10.1929 was about 87 billion dollars. The immense power of the economy was indicated by the fact that in 1929 the automotive industry has released abo... read more

Abstract

This article is a discussion about monetary policy and the Federal Reserve in whole. Operations of the Federal Reserve and different influences on it are also going to be discussed in the article. Problems and current situation of FOMC (Federal Open Market Committee) are one of the main topics of the particular discussion. Such issues as monetary policy implementation, ... read more

Nowadays, there are a lot of developed and developing countries in the world. A country is considered to be well-developed if it has a developed economy, which mainly determined by a high rate of GDP per capita. However, reaching once a high level of GDP does not presuppose that this country is indeed developed. This level should be more or less consistent over time, which refers to economic... read more

The factors which lead to mortgage default crisis included high risk loans (as the number of existing loans where financing was required exceeded the suggested values, which resulted in the immediate selling of the property when its price was lower than the loan amount); problems at housing market (the following problems were caused by the increase of... read more