Third European Academic Research Conference on Global Business, Economics, Finance and Banking
Conference Dates: July 1-3, 2016
Venue: Mercure Paris Porte de Versailles Expo Hotel, Paris, France.
Dear & Esteemed Colleagues,
We are delighted to inform you that the Third European Academic Research Conference on Global Business, Economics, Finance and Banking is being jointly organized by the prestigious SDMIMD, Mysore, Karnataka State, India and the Global Business Research Journals (GBRJ) from July 1-3, 2016 in Paris, France.
You are cordially invited to submit your research manuscripts/case studies in all areas of research in Business. In addition to paper presentations and discussions, the Conference will include invited lectures on contemporary topics in emerging trends in Global Business, Economics, Finance and Social Sciences.
|Abstract/Full Paper Submission Deadline||: June 15, 2016|
|Communication of Acceptance||: One Week|
|Last Date for Registration||: June 20, 2016|
|Conference Dates||: July 1-3, 2016|
Recessions might cause extensive damage to the global economy. There is an imminent need to identify key risk factors that might contribute to economic recession and fix them, early.
Economists argue that the most important causes that might contribute to recession include the following trends and developments.
It is argued that whenever banks make loans and advances, money is created. Economists are of the opinion that excessive credit creation beyond the reasonable demand and needs results in higher level of debts in the economy.
The next important factor that causes an inexplicable rise in financial markets includes speculative dealings and investments. According to a statistical report, not even one-twelfth of the money created by the banks went to brick-and-mortar type of business ventures. Such unregulated activities caused recession in many economies.
Another adverse move by banks and financial institutions was that they overly focused on lending to the property market which resulted in an irrational upward rise in asset prices. But, like a bubble, these prices started falling down and added to an increase in non-performing loans (NPL). Since many who borrowed from the banks could not repay their loans to the banking and financial institutions, inevitably, went bankrupt.
A research report published in February 2013, by the Financial Services Authority (FSA) argued that creation of private credit and money contributed to the adverse consequences.
‘Once Bitten! Twice Shy!! is a proverb. During the global credit crisis (2008), banks have learned hard lessons as the level of NPLs(Non-Performing Loans) soared, quite dangerously. Disguising themselves as being cautious, banks have tightened their lending policies. With the result, businesses could not raise the much-needed capital for their activities and ventures. Of course, this phenomenon contributed to recession as cashflow was not happening. One of the reports published by the Bank of England argues as follows. ……, ‘Just as taking out a new loan created money, the repayment of bank loans destroyed money’ (Money Creation in the Modern Economy, Bank of England p-3-4).
Improving the business confidence and investments is quite necessary create jobs in an economy. Aggregate demand for goods and services should be improved as it would help continuity of employment and sustainability in business. Business practices or activities that might cause contagion should be discouraged, at any cost.
a) Closely examine the major factors that contribute to recession and undertake research activities to arrest them, at an early stage;
b) Encouraging active and socially relevant research works on the above crucial issues and come up with meaningful solutions to help economic activities to accelerate and create sustainable employment opportunities and economic growth, in the long run;
c) Provide an ideal platform for researchers, economists, bankers and practitioners to network and share their research and practical experiences to develop models and systems for addressing recession-related issues;
d) Offer suitable solutions so that the world becomes a better place for the humanity to lead a cohesive and normal life.
Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD), ranked among the top Business Schools in India, is located at the foot of Chamundi Hills in the heritage city of Mysore, Karnataka. The campus has won many architectural and landscape awards and provides a great environment for learning and germination of managerial intellect. The institute has been conferred A** Rating at National Level by CRISIL.
The institute is promoted by the Shri Dharmasthala Manjunatheswara Educational Trust - a premier non-profit educational organisation functioning under the aegis of Shree Kshetra Dharmasthala, which is known for its unique embodiment of Dharma. Today, SDME Trust has more than 40 recognised educational institutions under its wings, imparting quality education from the primary level to the postgraduate level. Trust is known for the professional institutions in Medical, Dental, Engineering, Naturopathy, Ayurveda, Law, Business Management and Physiotherapy. The trust and all the associate institutions benefit from the visionary leadership of our Chairman, Padma Bhushan Dr. D. Veerendra Heggade, Dharmadhikari of Dharmasthala.
SDMIMD’s AICTE approved PGDM programme, accredited by NBA, runs for six terms over two years with an impeccable track record of academic rigor. SDMIMD also has Student Exchange Programs with the MAYS School of Business, Texas A&M; University, USA; Global Management Institute of Shanghai University, China; and British University in Dubai, Dubai. These student exchange programmes enable students to understand each other’s cultures, business practices and traditions. This gives students an edge when it comes to international opportunities.
The SDMIMD’s research unit - SDM Research Centre for Management Studies’ (SDM RCSM), publications ‘Cases in Management’, ‘Contemporary Research in Management’, ‘Excerpts of Select Summer Internship Reports’, have come in for praise from the world of academics. The institute’s journal ‘SDMIMD Journal of Management’ indexed in EBSCO and iScholar has evolved as a prestigious publication well known for the quality of the papers, therein.
To know more about SDMIMD please visit: www.sdmimd.ac.in