Economics Essays (Examples)
Study Document
SEC Enforcement Of Goldman Sachs And AIG
...Economics Goldman Sachs & Co. and Fabrice Tourre were charged by the SEC in 2010 with “Fraud In Connection With the Structuring and Marketing of a Synthetic CDO” from the 2007 subprime mortgage scandal at the heart of the financial crisis of 2007-2008 (SEC, 2010). The specific charge was that the bank and Tourre made material misstatements and omissions in connection with a synthetic collateralized debt obligation that the bank had structured, marketed and sold to investors. The synthetic CDOs were linked to the performance of the subprime housing mortgage market—i.e., the subprime mortgage-backed securities identified by Lewis (2010) as triggering the wave of financial distress that led to central banking intervention (unconventional monetary policy—also known as quantitative easing) and the inflation of asset bubbles currently seen today (Huston & Spencer, 2018). Goldman Sachs settled with the SEC and agreed to pay $550 million on the condition that the bank not……
References
References
Baer, J. (2014). Former Goldman Trader Tourre Won't Appeal Fraud Verdict. Retrieved from https://www.wsj.com/articles/former-goldman-trader-tourre-wont-seek-appeal-of-securities-fraud-verdict-1401221556
Huston, J. H., & Spencer, R. W. (2018). Quantitative easing and asset bubbles. Applied Economics Letters, 25(6), 369-374.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
McDonald, R., & Paulson, A. (2015). AIG in Hindsight. Journal of Economic Perspectives, 29(2), 81-106.
Murray, N., Manrai, A. K., & Manrai, L. A. (2018). The role of incentives/punishments, moral hazard, and conflicts of interests in the 2008 financial crisis. The bi-annual academic publication of Universidad ESAN, 22(43).
SEC. (2010). Litigation Release No. 21489 / April 16, 2010. Retrieved from https://www.sec.gov/litigation/litreleases/2010/lr21489.htm
Weisenthal, J. (2009). Goldman Sachs made billions shorting AIG. Retrieved from https://www.businessinsider.com/goldman-sachs-made-billions-shorting-aig-2009-3
Study Document
Digital Era And Taxation
...Economics To Choose an Accounting Topic That Would Be Excellent for A Dissertation.
Research Topic
Taxation in the digital era is an excellent topic for a dissertation because there is an ongoing debate on whether digital companies are paying their fair share of taxes. Some tax experts believe that digital companies enjoy tax levels close to zero compared to traditional companies, yet they earn huge profits. The underlying principle of corporate taxation is that \"profit should be taxed where value is created\" (Sestakova, 2018). However, digitalization challenges this principle because of it difficult to pin down how and where digital companies create value. Also, digital companies rely heavily on intangible assets, big data, and which is hard to value (Sand- Zantman, 2018). Given this fact, there is a need to research problems that tax accountants face when taxing digital profits.
The above topic is relevant when examined from the technological perspective……
References
References
Committee of Experts on International Cooperation in Tax Matters. (2019). Tax Issues related to the Digitalization of the Economy: Report (E/C.18/2019/CRP.12). https://www.un.org/esa/ffd/wp-content/uploads/2019/04/18STM_CRP12-Work-on-taxation-issues-digitalization.pdf
Katz, R. (2015). THE IMPACT OF TAXATION ON THE DIGITAL ECONOMY. https://www.itu.int/en/ITU-D/Conferences/GSR/Documents/GSR2015/Discussion_papers_and_Presentations/GSR16_Discussion-Paper_Taxation_Latest_web.pdf
Pemerathna, A. (2016). Economic impact of digital taxation: A case on information communication technology industry Sri Lanka. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2910328
Sand-Zantman, W. (2018). Taxation in the Digital Economy. https://www.orange.com/fr/content/download/47110/1371114/version/1/file/Rapport%20TAXATION-VF-Mai2018.pdf
Sestakova, M. (2018, February). Tax Challenges of the Digital Economy [Paper presentation]. Management Challenges in the 21st Century, Bratislava, Slovakia.
Study Document
Enterprise Risk Management In Wells Fargo During The Pandemic
...Economics Enterprise Risk Management in Wells Fargo during the Pandemic
Introduction
As Beasley (2020) points out, enterprise risk management (ERM) is especially needed during the COVID 19 pandemic because of the “number of different, but interrelated risks spread all across most organization” (p. 2). COVID 19 is not just a factor that has impacted one business or industry. It has impacted all businesses and all industries in different ways. Grocery chains like Kroger, for instance, have seen increased demand. Restaurants on the other hand have seen business dry up due to mandated quarantine orders. Small business owners and large corporations have filed for bankruptcy. All of this impacts the banking sector and Wells Fargo specifically because of its role in managing loan products, using interest rates to attract savers, and offering investment advice. “No single risk associated with the COVID-19 pandemic crisis can be managed in isolation,” as Beasley (2020) points……
References
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
Lundqvist, S. (2014). Abandoning Silos for Integration: Implementing Enterprise Risk Management and Risk Governance. Lund University.
Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
Study Document
Income Inequality And Poverty
… inequality and poverty.
Chotia, V., and Rao, N.V.M. (2017). Investigating the interlinkages between infrastructure development, poverty, and rural-urban income inequality: Evidence from BRICS nations. Studies in Economics and Finance, Vol. 34 No. 4, pp. 466-484.
To solve the issues, this particular paper advocate for the adoption of guidelines and policies … for income generation.
Cyrek, M. (2019). Government social spending in the EU countries: efficiency in poverty and income inequality reduction. Equilibrium. Quarterly Journal of Economics and Economic Policy, 14(3), 405-424.
This paper explains the disparities in the social efficacy of government expenditures in EU nations. In general, the nations ……
References
References
Bonito, J. D. M., Daantos, F. J. A., Mateo, J. C. A., & Rosete, M. A. L. (2017). Do entrepreneurship and economic growth affect poverty, income inequality, and economic development. Review of Integrative Business & Economics Research, 6(1), 33-43.
Chiazor, I. A., Egharevba, M. E., & Ozoya, M. I. (2016). Widening Inequality and Poverty in the Developing World-Micro-Financing as a Viable Solution. The Social Sciences, 11(13), 3286-3293.
Chotia, V., and Rao, N.V.M. (2017). Investigating the interlinkages between infrastructure development, poverty, and rural-urban income inequality: Evidence from BRICS nations. Studies in Economics and Finance, Vol. 34 No. 4, pp. 466-484.
Cyrek, M. (2019). Government social spending in the EU countries: efficiency in poverty and income inequality reduction. Equilibrium. Quarterly Journal of Economics and Economic Policy, 14(3), 405-424.
Omar, M. A., & Inaba, K. (2020). Does financial inclusion reduce poverty and income inequality in developing countries? A panel data analysis. Journal of Economic Structures, 9, 1-25.
Study Document
Canadian Reciprocity Treaty Of 1854
...Economics Reciprocity Treaty (1854)
Introduction
The 1854 Reciprocity Treaty is one of the most famous economic treaties in Canadian history. The Reciprocity Treaty was a trade treaty that was signed between the economy of the United States and what was then known as the Province of Canada (Quebec and Ontario) and other smaller provinces of the then British North America. The treaty was a forerunner of the Canada-United States trade agreement of 1989. It was primarily intended to facilitate free trade in primary products such as coal, fish, timber, barley, oats, and wheat. The parties signed it on 5th June 1854, and it went into effect as soon as it was ratified by the lawmaking bodies of the parties to the treaty. The legislatures in the Canadian provinces approved it before the end of 1854, while the United States approved it in 1855 (Haynes, 1892, p. 18; Hinton, 2013). This work looks……
References
References
Ankli, R. E. (1971). The reciprocity treaty of 1854. The Canadian Journal of Economics/Revue canadienne d\\\\\\\\\\\\'Economique, 4(1), 1-20.
Gerriets, M., & Gwyn, J. (1996). Tariffs, trade, and reciprocity: Nova Scotia, 1830-1866. Acadiensis, 25(2), 62-81.
Haynes, F. E. (1892). The Reciprocity treaty with Canada of 1854 (Vol. 7, No. 6). Baltimore, Md.: American Economic Association.
Hinton, M. (2013). Canadian economic growth and the reciprocity treaty of 1854. Working Papers 13038, Economic History Society.
Masters, D. C. (1963). The reciprocity treaty of 1854: its history, its relation to British colonial and foreign policy, and to the development of Canadian fiscal autonomy (Vol. 9). McGill-Queen\\\\\\\\\\\\'s Press-MQUP.
Officer, L. H., & Smith, L. B. (1968). The Canadian-American reciprocity treaty of 1855 to 1866. Journal of Economic History, 598-623.
Porritt, E. (1908). Sixty Years of Protection in Canada, 1846-1907: Where Industry Leans on the Politician. London: Macmillan.
Saunders, S. A. (1934). The Maritime Provinces and the Reciprocity Treaty. The Dalhousie Review.
Study Document
Why College Athletes Should Be Paid
...Economics Proper Compensation for College Athletes
Introduction
College athletes with poorer socioeconomic status typically have issues with position educational outcomes. If college athletes were paid, they would have the ability to provide financial assistance to their struggling families, which would provide them with a higher probability to excel both academically and athletically. There is strong rationale that college athletes should be paid, as colleges earn billions of dollars each year from their athletic programs. As with any athletics, college athletes and their sports are the product, The present compensation – a full or partial scholarship, depending on the athlete or the sport – is inadequate compensation for the labor these athletes provide, and the economic benefit of that labor. A more equitable approach to the distribution of the proceeds of that labor will alleviate many of the challenges that college athletes face, in addition to providing distributive justice.
The issue of……
References
References
Bokat-Lindell, S. (2019). Should College Athletes Be Allowed to Get Paid? Retrieved From https://www.nytimes.com/2019/10/01/opinion/california-student-athletes-paid.html
De Piccioto, E. (2019). Should College Athletes Get Paid? Retrieved From https://www.theperspective.com/debates/sports/college-athletes-get-paid/
Gaydos, R. (2019). California governor signs bill allowing college athletes to capitalize on image, name and likeness. Retrieved From https://www.foxnews.com/sports/ncaa-paid-players-california-bill-law
Lemmons, M. (2017). College Athletes Getting Paid? Here Are Some Pros And Cons. Retrieved From https://www.huffpost.com/entry/college-athletes-getting-paid-here-are-some-pros-cons_b_58cfcee0e4b07112b6472f9a
Siegfried, J. J. (2015). The Case for Paying College Athletes. American Economic Association, 29(1), 115-138. Retrieved From https://www.aeaweb.org/articles?id=10.1257/jep.29.1.115
Yankah, E. (2015). Why N.C.A.A. Athletes Shouldn’t Be Paid. Retrieved From https://www.newyorker.com/sports/sporting-scene/why-ncaa-athletes-shouldnt-be-paid
Study Document
Influence Of The PRC With Great Power Competition Globalization
...Economics The Influence of the PRC
Introduction
The People’s Republic of China (PRC) is the state that most influences contemporary international security. The globalization of the Communist superpower projects brings employment and economic growth. Since joining the World Trade Organization, China has become an increasingly influential participant in the global economy, and has used this increase in wealth to finance its other ambitions, including re-establishing itself as a great maritime power and increasing its influence over the South China Sea and nuclear development within the Indo-Pacific region.
People’s Republic of China Context
The People’s Republic of China emerged as the winning side in the post-WWII civil war between the Communist Party of China and the ruling Kuomintang. The latter was exiled to Taiwan, the PRC invaded Tibet, and the next change to the shape of the Chinese map was the return of Hong Kong and Macau to PRC rule in 1997……
References
References
Chatzky, A. & McBride, J. (2019) China’s massive Belt and Road Initiative. Council on Foreign Relations. In possession of the author.
“China as a Trading State” (n.d.) In possession of the author. s
“Foreign Direct Investment” (n.d.) In possession of the author.
Global Times (2018) Best strategic opportunity since the Cold War. Global Times. In possession of the author.
Hoffman, S. (2002) Clash of globalizations. Foreign Affairs. July/August 2002. 105-115.
Morrison, W. (2017) China’s economic rise: History, trends, challenges, and implications for the United States. Congressional Research Service. September 15, 2017. In possession of the author.
NIC (2017) Paradox of progress. National Intelligence Council. In possession of the author.
Pollack, J. (no date). Competing visions: China, America and the Asia-Pacific Security Order. In possession of the author.
Study Document
Cyber Espionage
...Economics Abstract
Cyber espionage has become a critical component of modern cyber warfare as nation-states increasingly rely on cyberspace. However, cyber espionage had generated concerns regarding its acceptability given its potential threats to national security. This qualitative case study research explores the proposition that cyber security should be deemed an acceptable state behavior while cyber attack is unacceptable. This study seeks to answer the question, “How is cyber espionage an acceptable state behavior for intelligence gathering though it potentially damages relations between nation-states?” The qualitative case study examined existing studies on this issue and employed thematic analysis to analyze the data. The study found that cyber espionage is an acceptable state behavior since it plays a key role in cyber warfare, helps to establish appropriate countermeasures against cyberattacks and potential threats in cyberspace, and enhances intelligence gathering. While the study provides significant insights on this topic, future studies should examine the……
References
Bibliography
Ablon, L. “Data Thieves: The Motivations of Cyber Threat Actors and Their Use and Monetization of Stolen Data.” RAND Corporation, March 2018. https://www.rand.org/content/dam/rand/pubs/testimonies/CT400/CT490/RAND_CT490.pdf
Agarwal A. & CERT-IN. “Cyber Espionage, Infiltration and Combating Techniques.” Indian Computer Emergency Response Team, 2013. https://www.cert-in.org.in/Downloader?pageid=5&type=2&fileName=CIPS-2013-0128.pdf
Banks, W.C. “Cyber Espionage and Electronic Surveillance: Beyond the Media Coverage.” Emory law Journal 66, (2017).
Baxter, P. & Jack, S. “Qualitative Case Study Methodology: Study Design and Implementation for Novice Researchers.” The Qualitative Report 13, no. 4 (2008).
Brown, G. “Spying and Fighting in Cyberspace: What is Which?” Journal of National Security Law & Policy 8, (2017).
Connell, M. & Vogler, S. “Russia’s Approach to Cyber Warfare.” CNA Analysis and Solutions, 2017. https://www.cna.org/CNA_files/PDF/DOP-2016-U-014231-1Rev.pdf
Creswell, J.W. Research design: Qualitative, quantitative, and mixed methods approaches, 4th ed. Thousand Oaks, CA: Sage Publications Inc.
Diplomacy Data. “Cyber Security and Cyber Espionage in International Relations.” Diplomacy Data, 2015. http://diplomacydata.com/cyber-security-and-cyber-espionage-in-international-relations/
Study Document
Understanding The Factors Affecting The Success Of Credit Risk In
...Economics Introduction
The banking business sector is enormously impacted by the perceptive and imperceptive factors in an intensely competitive environment. In recent times, this competition has stiffened all the more with the advancement of globalization. In each regard of their business operations, banks ought to take effective measures in order to diminish risk by pinpointing the prospective causes based on real-world circumstances. Imperatively, the banking sector is deemed to be a significant source of financing for several companies and entrepreneurs. In the past decade, there have been dramatic changes concerning the management of risk in the banking industry. Progressively more financial institutions and managers have augmented the focus on the significance of risk management. In delineation, risk management encompasses the practice of identifying, assessing and listing of risks followed by organized and cost-effective application of resources to curtail, supervise and control the probability and influence of disastrous events or to capitalize……
References
References
Bhattarai, Y. R. (2016). Effect of credit risk on the performance of Nepalese commercial banks. NRB Economic Review, 28(1), 41-64.
Das, A. and Ghosh, S. (2007). Determinants of Credit Risk in Indian State-owned Banks: An Empirical Investigation. Economic Issues, 12(2): 48-66.
Derelio?lu, G., & Gürgen, F. (2011). Knowledge discovery using neural approach for SME’s credit risk analysis problem in Turkey. Expert Systems with Applications, 38(8), 9313-9318
Garr, D. K. (2013). Determinants of credit risk in the banking industry of Ghana. Developing Country Studies, 3(11), 64-77.
Gizaw, M., Kebede, M., & Selvaraj, S. (2015). The impact of credit risk on profitability performance of commercial banks in Ethiopia. African Journal of Business Management, 9(2), 59-66.
Johnson, B., & Christensen, L. (2008). Educational research: Quantitative, qualitative, and mixed approaches. New York: Sage.
Kithinji, A. M. (2010). Credit risk management and profitability of commercial banks in Kenya. (Doctoral dissertation, University of Nairobi).
Limam, I. (2001). Measuring technical efficiency of Kuwaiti banks. Kuwait: Arab Planning Institute.
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