TITLE

Bye, Bye Billions

AUTHOR(S)
Serafin, Tatiana
PUB. DATE
October 2008
SOURCE
Forbes Asia;10/27/2008, Vol. 4 Issue 18, p22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of the world financial crisis on the value of the wealth of the world's billionaires thus shortening the Forbes Billionaire list. The rise in the value of the U.S. dollar has resulted in depreciation of other currencies which has lowered the market value of many billionaires wealth. The worst hit are from Russia, Iceland and Kazakhstan. Billionaires from almost all the fields including construction and commodities are affected by the economic crisis.
ACCESSION #
35478489

 

Related Articles

  • Latin American Regional Impact.  // Colombia Business Forecast Report;2006 1st Quarter, p38 

    The article focuses on the impact of the depreciation of the U.S. dollar on the Latin American economies. It informs that a 10% decline in the US dollar can create serious repercussions in the region. In the region some countries suffer the overall impact of the widespread economic, and...

  • US$ Scenario - Colombia Impact.  // Colombia Business Forecast Report;2006 1st Quarter, p40 

    The article presents information on the impact of the depreciation of U.S. dollar on the economy of Colombia. But it is analyzed that both the mild dollar depreciation and severe shock scenarios the Colombian economy would comparatively well. Any impact of depreciation would be exacerbate due to...

  • Korean Migration to North America: Some Prices That Matter. Han, J. D.; Ibbott, Peter // Canadian Studies in Population;2005, Vol. 32 Issue 2, p155 

    The empirical migration literature has emphasized the role that differences in the return to human capital play in the migration decision. In this paper, we argue that many migrants are also concerned with differences in the return to the financial capital that they bring with them. One testable...

  • The Impact Of A US Dollar Crash On Asia.  // Asia Monitor: South East Asia Monitor Volume 1;Jan2006, Vol. 17 Issue 1, p1 

    The article discusses the impact of a US dollar crash on Asia. A sharp depreciation of the US dollar would have a significantly adverse effect upon the global economy. Although it would bring the U.S. current account deficit back towards a sustainable level, a dollar correction would have...

  • Will a 3-lira dollar lead to an economic crisis in Turkey?  // Journal of Turkish Weekly;8/24/2015, p107 

    The article assesses the possibility that the depreciation of the Turkish Lira against the U.S. dollar will lead to an economic crisis in Turkey. Topics covered include the factors which led to the fall in the value of the Turkish Lira, the predicted value of the Turkish currency should the U.S....

  • Why the dollar cannot be let down. Laidi, Ashraf // Futures: News, Analysis & Strategies for Futures, Options & Deri;Jun2002, Vol. 31 Issue 7, p24 

    Explains the reasons why the American dollar should not be allowed to depreciate significantly against other currencies. Suspicions over the American economy's impact on the global economy caused by a weaker dollar.

  • TWIN DEFICITS AND THE FATE OF THE US DOLLAR: A HARD LANDING REEXAMINED. Thompson, Rod // Journal of Public & International Affairs;Spring2008, Vol. 19, p107 

    The tenuous macroeconomic climate that characterizes the U.S. economy today, signaled by record-level federal budget and trade deficits, has increasingly raised concern over the possibility of a hard landing for the U.S. dollar. This paper argues that such concern is warranted: a hard landing...

  • Chapter 5: Scenario Tests.  // Russia Business Forecast Report;2006 Q1, p40 

    This article discusses the effects of a U.S. dollar crash on the economic conditions in Russia. The impact on the Russian economy of a 10% fall in the US dollar would be broadly comparable to other countries in the region, the more severe scenario of a 40% dollar weakening has a much more...

  • CEE FX: A Worrying Technical Picture.  // Emerging Markets Monitor;11/14/2011, Vol. 17 Issue 31, p15 

    This article provides an outlook for emerging market currencies in Europe in 2011. Business Monitor International Ltd. (BMI) expects the currencies to experience depreciation. BMI attributes the scenario to the intensification of the eurozone debt crisis. The firm cites the weakness of the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics