Bøger af John Taskinsoy

The Manifest Destiny induced American Indian Wars enabled the United States to carve out the 48 contiguous states plus two detached states Hawaii and Alaska, which gave birth to an imperial nation. President George Washington described the historic birth of an American imperialism as an "infant empire". A decisive U.S. victory in the 1898 American-Spanish War not only culminated the Spanish rule in the Americas, but resulted in U.S. acquisition of new territories in the western Pacific and Latin America such as Puerto Rico, Philippines, and Guam. With the Monroe Doctrine, expansionism through annexation, subjugation, or military intervention became a U.S. tradition. The Great Wars turned the U.S. into a global power, the 1944 Bretton Woods accepted the dollar hegemony, and the Truman Doctrine (which instigated the Cold War era to contain the Soviet influence) made the United States become a true superpower or only hyperpower in the world. President Nixon's visit to China in 1972 had the objective of ending years of diplomatic isolation, settling the Taiwan question, counterbalancing the power of the Soviet Union, and opening up China to trade. Over four decades since Nixon's visit, China has become monstrous economically and militarily, and overly agitated by this the United States government has turned to mob-like strategies to curb China's rise, such as abuse of sanction power, weaponization of the dollar, and even US-China 'decoupling', but experts are not sure if this will work without significant negative global repercussions as the Cold War did to contain the Soviet influence and the spread of communism. While American imperialism and the dollar's hegemony have been diminishing, the factors that contributed to that aided China's remarkable rise. However, its ambitious growth plans have turned China into an environmental hazard to the world's scarce and finite natural resources. Many are sceptic that China will become a superpower with the autocrat CCP and its willful disregard for the environment.

Prior to the first installment of the Basel standards introduced by the Basel Committee on Banking Supervision, internationally active banks across G-10 countries were believed to operate in an unsafe and unsound manner; furthermore, these banks¿ capital adequacy measurements were varied as well as disparate making the task of regulators and the supervisory community extremely challenging to assess whether a bank or a banking sector had adequate capital. The homegrown Asian crisis in the late 1990s and the global financial crisis of 2008 unmistakably proved that the systematic assessment of both systemically important banks and banking sectors was imperative. Farfetched implications of financial crises in the new millennium have jolted societies from their roots, dislocated innumerable banking systems, and displaced millions of people worldwide. Against the backdrop of amplified financial turmoil since 2009, both the implementation of Basel III and the use of macro stress testing as a crisis management tool have become a central focus.