We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The economic crisis and the city of London - Essay Example

Comments (0) Cite this document
This paper talks about the impact of the world financial crisis on the state of the banking segment of the UK economy. The current role of banks in the economy is considered, as well as their principles of organization. The crisis has greatly influenced UK banking sector, because of its global role…
Download full paper
The economic crisis and the city of London
Read TextPreview

Extract of sample
The economic crisis and the city of London

Download file to see previous pages... n just the financial market but it is also a hub of extraordinary financial innovation as well as the ability to evolve new ways of life in which society actually flourishes. The current financial crisis therefore has also hit hard the city of London- the first major financial hub of the world. City has remained an active participant in the overall financialization of the British economy and played major part as a market to fill the gap between demand and supply of funds. (Klimecki, 2011). This rise to the fame however, took place gradually due to de-regulation of banking sector which many interest groups are now demanding to be regulated again. The current crisis therefore is not only resulting into loss of jobs but the overall prestige of world’s first financial hub. Banks as important segment of the economy Banks play important role in economy because they serve as the intermediary between savers and consumers. By playing the role of intermediaries, banks actually serve as a link between those who want to save and those who want to borrow. This role therefore has allowed banks to become one of the most important segments of any economy. It is critical to understand that the existence of banks often serve the economic purposes of channeling the savings of those who want to save to those who want to borrow. By doing so, banks actually help other sectors of the economy to access a large pool of funds which can be used for the expansion purpose. Banks therefore serve not only as the creators of money within an economy but also provide essential economic support to other sectors of the economy. (Rubinstein, 1993)  The history of banking in UK is more than 400 years old when first banks started to operate during 17th century. Over the period of time, the sector grew...
This paper presents the comprehensive analysis of post-crisis role of the banking system in the UK economy. The essay also outlines the political connections of the London city’s financial district with the ruling Conservative party.
What started as a simple subprime mortgage crisis slowly engulfed the whole economy and created the contagion effect on other sectors of economy also. The inter-linked nature of modern economy has created a chain reaction of events in which bad performance in one segment of the economy also affected other segments.
The presence of almost all international financial institutions as well as other major financial institution. has given a unique significance to London as a major global financial hub.
Banks play important role in economy because they serve as the intermediary between savers and consumers. By playing the role of intermediaries, banks actually serve as a link between those who want to save and those who want to borrow.
The traditional organization of banks is based upon their links with the central banks and other regulatory organizations. In a highly de-regulated environment, banks therefore tend to focus on organizing themselves in a manner which can give them an opportunity to develop significant influence over the policy making issues.
The current Conservative Government and Party are considered as one of the biggest beneficiaries of the link between the two as most of its funding comes from the financial institutions and private equity firms. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The economic crisis and the city of London Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1393897-the-economic-crisis-and-the-city-of-london
(The Economic Crisis and the City of London Essay)
“The Economic Crisis and the City of London Essay”, n.d. https://studentshare.org/macro-microeconomics/1393897-the-economic-crisis-and-the-city-of-london.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
London City
London City London is today recognized as one of the world’s foremost metropolises. While cities such as New York have supplanted London in terms of economic impact, and other cities have supplanted London in terms of population, tremendous historical and cultural occurrences indelibly mark the city as a hallmark of Western society.
3 Pages(750 words)Essay
Causes and Consequences of Development of London City, England in 1850s
Causes and Consequences of Development of London City, England in 1850s. London city is among largest cities in the United Kingdom. It is the central city of England, and one of the cities with strong financial security. The roots of 1western civilization can be traced back to the age of revolution during the introduction of the industrial revolution that contributed to varied development.
7 Pages(1750 words)Research Paper
The economic performance of London compared to that of the rest of the UK since 2000
According to the paper, the UK will not prosper without seeing the prosperity of London and similarly London will not prosper without progress of the rest of the country. The study has established that even though London’s economic growth performs incredibly well, the city also relies on the other parts of the country in generation of revenue.
7 Pages(1750 words)Essay
Urban Transport Crisis in New York City and Berlin
However, this problem does not have the same aspects in all states worldwide. There are cases that the urban transport policy formulated inside a country or a city has been proved effective and has helped the development of the nation or the particular city.
14 Pages(3500 words)Essay
Effects of Economic crisis on Tokyo
From the arguments presented about Tokyo in this report, it will be clearly visible that the financial giant of Asia is in deep crisis at present, whether the reason being the prediction of economists or the global financial turmoil is relatively irrelevant at this point in time.
13 Pages(3250 words)Essay
Economic crisis
There is a sudden need of remedial action in order to make a change to the negative effects of the economic development. The consequences of the sudden impulse in the economy are unfolding its unseen aftermaths gradually and
3 Pages(750 words)Essay
In what ways have changes in the international economy since the 1960s effected the development of London as a world city
It is the only city in the world that possesses the importance, wealth and abounding population that makes it so unique. It is the true centre of the world, that receives ships of nature’s production,
7 Pages(1750 words)Essay
Economic Crisis in the Iranian Revolution
Economic crisis can be defined as a situation in which assets or financial value of a country, organization or institution rapidly drops. This paper will also look at how Khomeini upped his game to topple the government led by Shah. It says that Shah’s poor political strategies and failures gave the opposition a chance to bring about revolution in Iran.
8 Pages(2000 words)Essay
London city
of Olympic with 2012 elicited a heated conflict that overtook various media across UK and the world owing to the divergent interpretation it attracted. It is obvious that different cultural backgrounds attach diverse meaning to images. In that regard, the Olympic logo was
4 Pages(1000 words)Essay
London city
London, the capital city of the United Kingdom is one of the most popular cities in the world due to the numerous landmarks, art galleries and its diverse cultures (Cvetkovic, 2013). In cultural terms, early modern London was considered to cut an edge over the other
8 Pages(2000 words)Essay
Let us find you another Essay on topic The economic crisis and the city of London for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us