gender differential paper IJCRB

ijcrb.webs.com
JUNE 2011
INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS VOL 3, NO 2
The evidence of this are many, including the crisis of global recession in 1929, and the
crisis in financial markets known as the Tib Black in October 1987, and the crisis in financial
markets in 1997 and in 2006, which collapsed on the impact of Gulf bourses, especially of
the TASI, and whatever has taken the world of action with survival mechanisms of the
capitalist system, in particular the interest rate, the crisis will be repeated each period will be
adopted from time to time on the size of exaggerations and speculations that precede each
crisis. (Farhan, 2008).
In the present global economy is interdependent with each other by virtue of technical
development, especially communication technology. and then, any faulty economic in any
country of the capitalist countries directly affects the domestic and international markets in
less than one minute through electronic networks interrelationship between markets, when
look to the current crisis, we will find that the world had been upset the whole simply
because the two financial institutions were hit by losses in the United States of America and
by Dalk shook the global financial system as a whole to varying degrees. (Farhan, 2008).
2.2The emergence of the current global financial crisis
Global financial crisis started by the U.S. banks to grant facilities for the mortgage lender
over the past two years, where he was investing in real estate sector profitable .. and then
flocked to individuals and institutions to borrow from banks to purchase real estate and resold
to a quick profit through speculation, and what has become the real estate prices
fictional result exaggerations and speculation have become their price does not reflect reality.
began this sector is being depressed, and as a result, no individuals can debt borrowed from
banks to pay premiums on these loans, they started offering their properties for sale, as banks
seize the property because of their subject for the benefit of these banks as collateral for these
loans Even banks can meet their obligations to their depositors, and this led to a doubling of
the problem of stagnation in the property. (Farhan, 2008).
Thus began collapsing mortgage lending institutions, and the stock market collapsed in
the stock market, and given the close interdependence between financial institutions has
begun affected by institutions that have had a relationship with lending institutions, real
estate, and began every bank and institution affected by the other, and so fell apart and
appeared current global financial crisis. (Farhan, 2008).
2.3 Manifestations of the global financial system crisis
When the global financial crisis started to emerge taken several aspects including the
following: (Shehata, 2008).
1. Rush to withdraw deposits from the banks.
2. The fact that many financial institutions to freeze the granting of loans to companies and
individuals fearing the difficulty of recovery.
3. Lack of liquidity among individuals and financial institutions and companies, which led to
a contraction of the economy and for the borrowers to repay their debts.
4. Low level of trading in money markets and money, and that an imbalance in the indicators
of ups and downs.
5. Low level of energy used by the companies due to lack of liquidity and freeze access to
credit from financial institutions, but high interest rates and guarantees high.
6. Decline in sales due to poor liquidity, especially in real estate and cars.
7. The increasing rate of unemployment due to the bankruptcy and liquidation, and every
employee and worker threatened with dismissal.
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