I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.
I [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.
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In this study we try to explore the concept of “Nationalsation of banks” in a holistic context. The main focus of the research is on “Nationalsation of banks ” and its relation with “UK”. The research also analyzes many aspects of “Nationalsation of banks” and tries to gauge its effect on “UK”. Finally the research describes various factors which are responsible for “Nationalsation of banks” and tries to describe the overall effect of “Nationalsation of banks” on “UK”.
Table of Contents
CHAPTER 1: INTRODUCTION1
Background of the study1
Research Aims and Objectives2
Significance of the Study4
Purpose of the study5
CHAPTER 2: LITERATURE REVIEW6
Fear of bureaucracy8
The leaders failed remain in place.16
Nationalization must combine several features.16
Enriched on the state banks21
Supervision of banks and finance23
Recovery planning and ecological26
Rehabilitate utilities and taxes26
Full employment and social rights27
The state, which is causing the problem, can not be the solution29
The nationalization of banks would destroy the market economy30
CHAPTER 3: METHODOLOGY32
CHAPTER 4: DISCUSSION AND ANALYSIS34
As nationalization will work more effectively?37
Designing intelligent set of clear criteria for the nationalization37
Synchronizing the first nationalization37
Setting clear objectives38
Decide who is responsible.38
Avoid political pressure39
Criteria for exit strategies40
A real debate42
CHAPTER 5: CONCLUSION44
Chapter 1: Introduction
The aim of this dissertation is to analyse (and critique) whether in light of the recent financial crisis, UK banks ought to be nationalised.
The recent global economic crisis had a dramatic impact upon all aspects of the UK economy and society and served to highlight the fundamental role that banking and the financial sector play in a twenty first century economy. In this respect, the collapse of the US sub-prime mortgage market acted as a catalyst for the financial maelstrom that enveloped the world and in particular the UK as far as this dissertation is concerned. The crisis saw the first run on a UK bank since the 19th century and culminated in the nationalisation or part nationalisation of a number of UK banks as well as the collapse of other erstwhile pillars of the financial sector such as Lehman Brothers. The UK Government's response to the crisis and therefore its attempt to instil the UK banking sector with a sufficient degree of rigour was to engage in a strategy of nationalisation. (OECD, 2003)
Background of the study
After a time regulating the financial services sector has been increasingly lax, the mere thought of a possible nationalization of banks in both Europe and America, is surprising. However, many banks are still flirting with the possibility of insolvency, even after rescue plans which were injected billions of dollars ...