A great financial system is important for a well-functioning and efficient economy. It allocates capital to its most productive uses and manages risk.
Nonetheless, monetary systems are delicate, as the USA and Japan have experienced and fiscal calamity which normally affect the real market can be caused by this feebleness. The causes of a fiscal crisis are many and diverse, but commonalities exist. Fiscal crises usually generate long periods of slow economic growth.
PUBLICATION DATE: November 15, 2013 PRODUCT #: BH563-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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