Bipolar Disorder in Islam Essay Example for Free

Bipolar Disorder in Islam Essay If your pancreas couldn’t produce insulin, you wouldn’t have much trouble accepting the deficiency and then taking the necessary meds or treatment. Well, think of your brain in the same way. Right now your mind is not in balance. It is missing certain chemicals that control your mood. And you are simply taking meds to fix the balance of chemicals. Blame no one for the Bipolar. It’s not your fault that you got sick. As Randy Pausch says, We cannot change the cards we are dealt, just how we play the hand. You are simply being tested with this illness. Some people have high cholesterol, some have diabetes and some have a missing leg. It’s all a test from Allah. And no one is spared from it. This test is here to bring out the best in us. Accept Bipolar as one of your tests from Allah. This will distance you from the disorder and make you see it for what really is: an illness. Once you separate yourself from the illness, you will start to detach yourself from the illness. . Being sent to the hospital doesn’t mean no one cares for you; it doesn’t mean you have failed. A hospitalization can often be the best thing during a severe mania episode. , look at the hyper sexuality objectively. See it as part of the disorder and not as your personality. Look for the good in it. As one Prophet passed the donkey’s carcass, all his companions commented on its ugliness. But he praised it for its white teeth. During depression, your   brain is low on the hormone that makes you feel good. That is why you are feeling down. It has nothing to do with what kind of a Muslim you are and how much you pray or don’t pray You must see depression as a disease, with a biological cause that can be treated and not a character flaw. That is 80% of your work: distancing yourself from the depression. Then you can love yourself for who you are and work on treating the depression. 1) Pray on time. 2) Take meds on time. 3) Sleep, exercise and eat healthy. Meds do 20% of the work and exercise is a big part of the other 80%. It’s not all about losing pounds. Jogging or swimming or lifting weights keeps you sane. So don’t follow a workout routine that makes you go insane. Yes Allah will run to you but you have to walk to Him first. Your family, doctors and the meds can only do so much. The rest is in your hands. I will leave you with one question: How will your Bipolar bring you closer to Allah?

Influential Characters in The Trial and The Stranger :: essays research papers

Influential Characters 'The Trial' and 'The Stranger': How one character can influence the life of another character. The Trial and The Stranger were both critically acclaimed since their published debut, though the books have their many differences they both deal with imprisoned lives going against society. In both novels K and Meursault had characters that influenced them in a negative and positive way, although none these characters had as much influence as the religious figure (the priests) did in both novels. However the priests in each novel influenced the protagonists differently. In The Stranger the chaplain is sent to Meursault before he is faced with his death sentence to have him repent for his sins and change his religious beliefs, in other words, covert him to Christianity. However Meursault stands strong and tells him that he has nothing to repent, for he has not sinned. He does not belief in God and he believes that he is already receiving his punishment, there is no afterlife or higher judgment in Meursaults? beliefs. The chaplain is able to change Meursault?s mind, when he mentions ?how even the hardest of criminals stare at something at one pointing their lives and imagine a divine face in it? (Stranger, p.121). Although Meursault does not see a divine face he sees the face of Marie. This marks the turning point of Meursault?s life, for he starts to care for life something he has never done before. He is now aggravated to know that is going to die and cannot accept that which explains his rage with the priest. Camus? creates characters such as Meursault and the chaplain to contrast each other. Meursault represents an outsider and shows how life is, society does not accept those who do not act as expected even if it means that they would have to bend the truth or hurt others in the process. The idea that Meursault does not care of his death sentence, as he shows little or no emotion of his mother?s death or of Marie proposing matrimony to him was of course is completely against the rules and ethics of society. Consequently he creates the chaplain to show Meursault how society expects him to behave, implementing the chaplain in the novel demonstrates how society acts upon those who do not meet the expected behaviors by society, it tries to change or covert them to the norms of society.

Jury In “Twelve Angry Men” Essay

i. Why is it so difficult for the jury in Twelve Angry Men to reach its final verdict? Rose shows that in Twelve Angry Men it is difficult to reach a verdict when jurors essentially have pre conceived ideas and bring personal prejudice in a case, along with Jurors that lack interest. These factors undoubtedly cause conflict and difficulty in the Jury system, which highlights a potential weakness in the democratic process. The trouble also arises from the fact that Juror 8 is one of the few Jurors to initially deliberate honestly and thoughtfully and seeks to obtain justice. Rose suggests that there needs to be active participation In ensuring the jury system operates as intended, and when there is, the final verdict is easier to achieve. Rose suggests that it is hard for the Jury to reach its verdict when Jurors have pre-conceived ideas and show racism. Rose showcases the trouble in individuals having personal prejudice in a case as it can blind them from the facts. This in turn, hinders the Jurors to come to an agreement, as it thwarts their ability to reason and see things from another’s point of view. This notion is highlighted through the bitter Juror 10, who Is the embodiment of racism and prejudice. Juror 10 signifies the potential power of racism, as he believes â€Å"the kids who crawl outta those places are real trash.† Ultimately, this pre conceived idea creates difficulty in constructing a rational opinion on the case, as this belief closes the door on his ability to think from another perspective. In addition, It is difficult for him to reach an agreement as he isn’t prepared to dissect the â€Å"facts† from the â€Å"fancy.† This is further underpinned, as he can’t see the evidence from another perspective, as he is â€Å"sick and tired of facts.† His inability to consider another point of view articulates his close-minded character, that can’t see past his racism and pre conceived ideas. His resentment and bitterness is manifested in his behaviour, as he is â€Å"suddenly angry† or â€Å"disgusted†. This allows Rose to condemn those who cant see past their prejudice and justify why it is difficult for him to come to an understanding as his anger showcases his irrational and illogical character. Through Juror 10 Rose suggests that when individuals bring pre-conceived ideas and arnt prepared to deliberate truthfully it is difficult to come to an unanimous verdict. Rose also underpins the difficulty in coming to a final verdict by showcasing  individuals that bring personal prejudice in a case. Through juror 3, Rose underlines the effect personal prejudice can have on one’s ability to deliberate fairly. Juror 3’s emotional baggage hinders him from being able to go through the democratic process properly and determine the guilt or innocence of the defendant. Rose suggests that without careful deliberation it is hard to come to an agreed verdict as prejudice prevents individuals from carrying out their civic duty. Juror 3’s personal prejudice and experience is highlighted through his belief that the defendant has â€Å"got to burn,† which suggests that it is hard to see ideas from another’s view point, if an individual is more concerned with their personal problems. The difficulty in reaching a final verdict for juror 3 is underlined through his inability to listen to the other Jurors opinions, and is only able to agree with those who see it from his point of view. This is underlined through him constantly agreeing with those who criticize the boy as he comments â€Å"listen to this man. He knows what he’s talking about† and â€Å"that’s absolutely right.† His personal prejudice prevents him from having an open mind about the other Jurors opinions and can only agree with those who criticize the defendant. Through this, Rose comments on how difficult it is to reach a final verdict when Jurors that show prejudice aren’t open minded and arnt willing to discuss alternative ideas. Rose underlines how difficult it can to be reach a final verdict when individuals show a lack of interest for the case and arnt prepared to think for themselves. Rose implies that those who arnt willing to take the case seriously are a danger to the system and make it a struggle to come to a final agreement. Juror 7 is apathetic to the jury process, as he is more concerned with his own welfare than deliberating honestly and discussing the case. He represents those who place self interest above civic duty, which makes it harder for him to contribute to the final verdict outcome. His impatience and belief that discussing the case â€Å"better be fast† articulates his self centered nature and how he is more concerned with his own personal desires. In addition, it is through Juror 6 that contributes to the difficulty in coming to an unanimous verdict, as he isn’t prepared to think for himself. His lack of confidence and inability to contribute to the case is highlighted through him saying he â€Å"isn’t used to supposing.† Rose  suggests that in order for a verdict to be reached, all members must participate in an open discussion. While it is difficult to reach a final verdict, Rose suggests that the jury system requires participation in order for a verdict to be achieved. Juror 8 is one of the few Jurors that is prepared to stand up against the majority and defend the democratic process. It is difficult to reach a final verdict as Juror 8 initially is the only one who sees this as â€Å"grave responsibility† as the â€Å"death sentence is mandatory.† He shows his concern for the case as he provokes discussion and seeks to obtain justice. However, it is when many of the other juror’s arnt able to follow the process suggests that coming to an agreement is hard without active participation. It is through the active participation that allows the process to thrive and make it easier to come to a verdict. This is evident through quiet Jurors such as Juror 2 to participate and make a contribution to the case, making it easier to come to a final verdict. This is highlighted as he questions evidence â€Å"about the business about the stab wound and how it was made.† His ability to participate in discussion suggests that participation is essential in coming to a final verdict. In addition, Juror 9’s involvement picks up on the old lady’s eyesight, which is a leading factor to the final verdict. Therefore Rose stresses that in order for a final verdict to be reached, participation is required from the jury system. In addition, without contribution it makes it difficult to come to an agreement. Rose stresses how difficult coming to a unanimous agreement is when Jurors have pre conceived ideas, prejudice, racism and arnt interested in taking an interest in the case. However, he suggests that when Jurors make a contribution and actively participates an agreement is finally reached.

Financial Accounting - 1584 Words

Week 2 I)Frontier Park was started on April 1 by C.J Mendez and associates. The following selected events and transactions occurred during April. April 1 Stockholders invested $40,000 cash in the business in exchange for common stock. 4 Purchased land costing $30,000 for cash. 8 Incurred advertising expense of $1,800 on account. 11 Paid salaries to employee $1,500. 12 Hired park manager at a salary of $4,000 per month, effective May 1. 13 Paid $1,500 cash for a one –year insurance policy. 17 Declared and paid a $1,000 cash dividend. 20 Received $5,700 in cash for admission fees. 25 Sold 100 coupon books for $25 each.Each book contains 10 coupons that†¦show more content†¦IV) NEOSHO RIVER RESORT, INC. Trial Balance August 31,2008 Account Number Debit Credit 101 Cash $19,600 126 Supplies 3330 130 Prepaid Insurance 6000 140 Land 25000 143 Cottages 125000 149 Furniture 26000 201 Accounts Payable $6,500 208 Unearned Rent 7400 275 Mortgage Payable 80000 311 Common Stock 100000 332 Dividends 5000 429 Rent Revenue 80000 622 Repair Expense 3600 726 Salaries Expense 51000 732 Utilities Expense 9400 273,900 273,900 In addition to those accounts listed on the trial balance, the chart of accounts for Neosho River Resort also contains the following accounts and account numbers: No.112 Accounts Receivable, No. 144 Accumulated Depreciation-Cottages, no. 150 accumulated Depreciation-Furniture, No.212 Salaries payable, No 230 Interest Payable, No. 320 Retained Earnings, No.620 Depreciation Expense-Cottages No. 621 Depreciation Expense-Furniture , No.631 Supplies Expense , No 718 Interest Expense, and No. 722 Insurance Expense. Other Data: 1.Insurance expires the rate of $400 per month. 2.A count on August 31 shows $600 of supplies on hand. 3.Annual depreciation is $6,000 on cottages and $2400 on furniture 4.Uneraned rent of $4100 was earned prior to august 31. 5.Salaries of $400 were unpaid at August 31.(Use Accounts Receivable.) 7.The mortagage interest rate is 9% per year(The mortgage was taken out on august 1.)Show MoreRelatedFinancial Accounting And Managerial Accounting1613 Words   |  7 PagesIntroduction: Both financial accounting and managerial accounting provide important information about the business process. On the one hand, financial accounting provides only financial information to its internal users and external users. On the other hand, managerial accounting basically communicates about financial and non-financial information with internal users such as managers, employees and owners of the company. In other words, managerial accounting provides information to managers who directRead MoreThe Financial Accounting Standards Board1346 Words   |  6 PagesEarnings per share is introduced by the Financial Accounting Standards Board as the functionality used to calculate an institutions’ earnings for the year-end financial statements. The institutions can be made of up a simple or complex capital structure. It must be calculated on a constant basis in order for reports to remain consistent. FASB provides a formula of â€Å"dividing income available to common stockholders by the weighted average number of common shares outstanding during the period† (FASBRead MoreAccounting Analysis On Financial Accounting1185 Words   |  5 PagesAccounting has many branches that it can be divided into. It can be divided into several areas of activities. 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Financial accounting focuses on the preparation of the five basic financial statements namely statementsRead MoreFinancial and Managerial Accounting628 Words   |  3 PagesBoth financial and managerial accounting analyze economic data, however the major differences between the two strands include; user groups, information type, regulatory control and reporting frequency (Atrill and McLaney, 2012) User Groups: Financial accounting mostly provides information for external stakeholders such as shareholders, lending institutions, prospective investors and creditors, whereas managerial accounting mostly make available information for internal users such as managers andRead MoreFinancial Accounting Standards903 Words   |  4 PagesFASB IFRS Financial Accounting Standards The Financial Accounting Standards Board (FASB) has been around since 1973 and their organization’s duty and task is to set and provide effective and reliable financial accounting standards in the United States. The Financial Accounting Standards Board is also a private sector and is a not for profit organization, also recognized as U.S. Generally Accepted Accounting Principles (GAAP). The Securities and Exchange Commission (SEC) and The American InstituteRead MoreFinancial Accounting1203 Words   |  5 PagesBUSINESS AND LAW ACFI2002 – FINANCIAL ACCOUNTING SEMESTER 2, 2012 ASSIGNMENT 01 Student Name: Tran Thi Ngoc Hanh Student Number: C3173300 Part I: Accounting Standard AASB138 Intangible Assets provides guidelines for accounting treatment of research and development costs for financial reporting purposes. Answer the following questions based on AASB138 and ‘Framework for the Preparation and Presentation of Financial Statements’. 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The Background Of 2007-2008 Financial Crisis - 4604 Words

Chapter 2. Background 2.1 Introduction This chapter is about the background of 2007-2008 financial crisis. The 2007-2008 financial crisis has a huge impact on US banking system and how the banks operate and how they are regulated after the financial turmoil. This financial crisis started with difficulty of rolling over asset backed commercial papers in the summer of 2007 due to uncertainty on the liquidity of mortgage backed securities and questions about the soundness of banks and non-bank financial institutes when interest rate continued to go up at a faster pace since 2004. In March 2008 the second wave of liquidity loss occurred after US government decided to bailout Bear Stearns and some commercial banks, then other financial institutions took it as a warning of financial difficulty of their peers. In the meantime banks started hoarding cash and reserve instead of lending out to fellow banks and corporations. The third wave of credit crunch which eventually brought down US financial system and spread over the globe w as Lehman Brother’s bankruptcy in August 2008. Many major commercial banks in US held structured products and commercial papers of Lehman Brother, as a result, they suffered a great loss as Lehman Brother went into insolvency. This panic of bank insolvency caused loss of liquidity in both commercial paper market and inter-bank market. Still banks were reluctant to turn to US government or Federal Reserve as this kind of action might indicate delicacy ofShow MoreRelatedReasons For The Year / 08 Deepened Financial Crisis Of The European Union ( Eu ) And Critically Assess1138 Words   |  5 PagesExplain the reasons for the 2007/08 deepened financial crisis in the European Union (EU) and critically assess its response to its crisis. Introduction As a whole, the regulation of banking institutions and financial markets are considered as a debatable issue. 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As a consequence of it, a credit crunch was originated and it quickly spread from the real state sector to other sectors, and furthermore, from USA to other countries. This caused a series of financial and economic crises like the collapse of housing markets in Europe, the global stock markets, global financial systems and markets, along with a lot of large banks and financial institutions, as (SunRead MoreFinancial Crisis And Its Effects On The Economy1337 Words   |  6 PagesFinancial crisis can be profoundly described in the example of the subprime financial crisis in the US. It includes causes and preconditions along with steps and options to rectify the situation, which makes it substantial for understanding the nature and consequences of most financial crises. This article is oriented on revealing the key reasons of economic downfall, ways to avoid or mitigate the situation, and the role of a business analyst in the situations of possible or factual crises. TheRead MoreA Review of Kacperczyk and Schnabls Article When Safe Proved Risky: Commerical Paper during the Financial Crisis of 2007-2009668 Words   |  3 Pages Scnabl trace the financial crisis of 2007 2009 via commercial paper. They describe the important role commercial paper played during the financial crisis. The working definition for commercial paper with respect to finances used in this article is as follows: Financial commercial paper is issued by large financial institutions. In contrast to asset-backed commercial paper, financial commercial paper is issued by the institution directly and not via a conduit. Also, financial commercial paper isRead MoreData Analysis : A Critical Analysis Of The 2008 Financial Crisis1054 Words   |  5 Pagespercent conclusion cannot be drawn as fully statistically significant evidence was not ascertained. In addition, although all crisis has similar characteristics, they are actually different in nature. Thus, generalisation may not be possible based on this research in terms of either past or future financial crisis. Especially as this study only considered the 2008 financial crisis in its data analyses. Hence, this study has some limitations in spite of the contribution it makes. The first limitation isRead MoreThe Success Of Canadian Banks Essay821 Words   |  4 Pagesof the whole world until the subprime meltdown in 2007/2008. Canada was the only G 7 country that did not have a government bank bailout. Canadian banks remained profitable through the crisis. A World Economic Forum report ranked Canada first among 134 countries on the soundness of its banks. This paper aims to analyze persuasive reasons for the remarkable success of Canadian Banks in the subprime meltdown. Regulations have been set before the crisis. However, different countries’ implementations areRead MoreU.s. Government And Federal Reserve927 Words   |  4 PagesIn the late 2007, early 2008 the United States and the world was hit with the most serious economic downturn since The Great Depression in 1929. During this time the Federal Reserve played a huge role in assuring that it would not turn into the second Great Depression. In this paper, we will be discussing what the Federal Reserve did during this time including a discussion of our nation’s three main economic goals which are GDP, employment, and inflation. My goal is to describe the historic monetary

The Immigration Crisis Of The United States - 1039 Words

The immigration crisis Akash Patel Economics 3rd Period One of the biggest crises the United States fracases is illegal immigrant. Even though we know about the problem we don’t do anything that is effective. Because of illegal immigrant people born and raised in America are losing jobs. The current immigration crisis in the US is years of mishandling and gone bad. Many of the current immigrants here were originally here. This mentality has led to a huge increase in numbers of illegal immigrants. For example, it is believed that the current number of illegal immigrants is around 10 to 20 million if not more. Another problem is that the Obama administration has dropped the number of cases of deportation. Why isn’t Obama dropping the deportation cased. This means tons of money is spent on border security, but the immigrants who make it through are likely to stay here and use up resources such as money, in turn increasing the national deficit more than needs to be done. Another problem is when it comes to family. Pregnant women come to the US and have children. This leads their kids to be legal citizens of the United States. In 2010 about 4 million United States born children had one parent who was here illegally. By now there are probably more than 5 million. Many US citizens either frown upon agricultural work or see it as boring Mexican society, however, provides Mexicans with an agricultural work ethic and many wouldShow MoreRelatedImmigration Crisis And The United States1764 Words   |  8 PagesBeginning in 2011, the United States has witnessed a massive influx in the numbers of unattended alien children arriving at the country’s southern borders. As thousands of children continued to arrive at the U.S. Border Patrol facilities, resources were quickly depleted, culminating in an immigration crisis with the arrival of over 60,000 children in 2014 (Chen Gill, 2015). These children were coming mainly from Mexico, Guatemala, Honduras, and El Salvador and the majority of the new arrivals wereRead MoreThe Government Must Solve The Immigration Crisis1664 Words   |  7 PagesIt is time for the U.S. government to resolve the immigration crisis, which has not only become an ethical dilemma, but also an economic setback. Finding a so lution doesn’t mean drawing up a quick law or rule that will slow down the crisis, we must tackle this dilemma head on ethically in a way that is acceptable for both the government and the public. The rule of law and compassion are intertwined when discussing immigration. Rule of law revolves around the responsibility to those in the countryRead MoreThe Hope Of A Nation1728 Words   |  7 Pagesan Iranians main goal. During the Iranian Revolution of 1979, the United States opened their arms to a huge increase of immigrating Iranians mainly because of the presence of Iranian students and long standing relationship with Iran. 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The legal and moral issues within these countries like Syria, Mexico, Germany, Ireland and other countries concerning immigration have been debated and continue to be debated through the political views within the governmentRead MoreImmigration Policy And The Current Illegal Immigration Crisis1178 Words   |  5 PagesFor quite a long time U.S. immigration policy and the current illegal immigration crisis has been one reason for political debates among democrats and republicans, as policymakers address problems related to U.S. labor demand and border security. Policymakers from both political parties have attempted to find a solution to the illegal immigration crisis and have currently submitted several immigration proposals before the senate. Some of these proposals are: â€Å"The McCain-Kennedy Secure AmericaRead MoreThe Immigration Problem Of Immigration1735 Words   |  7 Pagesbetween criminal law and immigration law has become increasingly blurred. In many jurisdictions around the world, undocumented immigration was long considered a civil offence in which violation resulted in fines and deportation. Now, however, illegal crossings are often treated as criminal violations carrying overly punitive consequences such as incarceration in harsh detention centers. The ever-evolving assortment of laws and enforcement measures concerning immigration, as well as negative rhetoricRead MoreThe Immigration Of The United States And Germany840 Words   |  4 PagesI. Introduction A. What is Immigration? i. Immigration is the act of coming to live permanently in a foreign country. ii. Constantine compares the desire to migrate to an urge , â€Å"People seem to be drawn toward those places which offer a promise of better- ing life, by an urge which is as relent- less as that which impels water in its course.† iii. Before the era of rapid communications and transportation, America encouraged relatively open immigration to settle its empty lands. B. 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Global Financial Crisis and Return of Asian - MyAssignmenthelp.com

Question: Discuss about the Global Financial Crisis and Return of Asian. Answer: Introduction The Global Financial Crisis (GFC, 2008-2009) was considered to be the worst disaster with respect to economy after the economic depression that took place in 1929. The main factor for this crisis was due to the deregulation that happened in the financial industry, which also led to the increase in the level of unemployment and the decrease in the prices of houses. The rise of GFC started from 2007, as the liquidity crisis resulted in the confidence level to fall among the investors present in the United States in valuing the subprime mortgages. The financial crisis also led to the high level of volatility and the crash that happened in the stock market in 2008 September. It also influenced the decrease in the price of houses in the market and the flow of remittance was 6 percent on a global manner during the period of 2008-2009 (Ojo 2016). The International Monetary Fund (IMF) stated that the developed and the developing countries was under the financial crisis and the output level o n a global basis was at only 2.2 percent in 2009 (Attig et al. 2016). However, Nepal did not feel the impact of GFC in a direct way but had several indirect impacts on the economy of the country. Discussion Possible causes The possible causes that led to GFC are as follows: Global saving- The major reason for the increase in the price of assets was due to the deficit that was present in the current account and the manner of saving globally in the US market. The countries that have a current account in a better way and the deficits in trade before the financial crisis took place, were increasing their rate of savings, which led to the stop of foreign borrowings and did not become a lender to the United States. Most of the developing countries increased their capacity to save instead of purchasing in the capital market, which led to the reversal and increased the savings on a global manner. The capital market of the advanced countries was searching for investments, which led to the increase in the price of the assets in the United States including the stock market and the housing properties. Price of houses- The decline in the price of houses substantially led to one of the primary shocks that triggered the rise of the financial crisis on a global manner. The period 1996-2006 saw an increase in the prices of housing properties, as the rate of interest was low that led to increased pressure in the current economy. Between the year 2006 and the mid of February in 2009, the price of the houses were decreasing and it was the highest after 1987 (Balakrishnan et al. 2016). This was due to the fact that the lending of mortgages was being directed towards the rich, as they did not feel the burdens of debts on these large mortgages. Figure 1: Decline in price of houses (Source: imf.org 2018) Increased interest rate and subprime lending- The price of the houses increased more due to the low rate of interest and the lax standards that was present in lending, which is associated with the savings on a global manner. Most of the borrowers who took the loans were mostly the subprime lenders and the standards were not being met due to the credit worthiness that was very poor. The increase in fed rate of interest helped in making the borrowings more costly (Dungey and Gajurel 2014). Moreover, the price of the houses faced a bad impact due to the rate of mortgages that were passing through a low to higher rates in the markets. Credit booms- The increase in the financial crisis happened due to the role of the expansion of credit. The access in the credit increased at a greater pace due to the boom that took place in the market related to real estate in the countries like the United Kingdom, Iceland and other European countries along with the countries like Ireland and Spain. There were large fluctuations in a cyclical manner in the economy due to increased growth of credit in the market. The indebtedness related to the housing properties increased suddenly after 2000 although the accelerated growth of credit was not that much that can reflect a slower growth in the rate of credit (Bauer and Thant 2015). The innovations related to financial activities, increased financing to the mortgages and the low rate of interest were some of the factors that contributed towards the factors of indebtedness related to housing properties. Possibility of repeating the financial crisis With respect to the theory of business cycle, there is a high chance of the global financial crisis to be repeated again in the market. It can be stated that the chance of financial crisis, which might lead to global financial system is lingering on the stage of expansion, which could lead the economy in to a further stage of depression. Figure 2: Possibility of Global Financial Crisis (Source: Created by Author) Impact of financial crisis in various economies and Nepal Effects on financial sector- The health of the financial sector along with the performances on a macroeconomic level and the exposure that is present with respect to the foreign markets is different in all the countries. The capital flow and the foreign direct investment had an adverse effect, which played an influential role in the economy of India. The deficit in the current and the fiscal account had an impact on Sri Lanka with respect to the low flow of capital on an external manner, which resulted in the rise of bonds within the country. In Nepal, the impact due to the financial crisis on a global manner was also felt, as the country was developing from a situation of low growth. The decrease in the prices of food and fuel and the increase in the level of inflation along with the financial indicators such as adequacy rate of low capital and the loans that were not performing have contributed heavily towards the financial sector that was present in Nepal (Albertazzi and Bottero 2 014). Remittance impact- The flow of remittance declined due to GFC by 6 percent in the year 2008-09 and some of the countries in the Asia Pacific region felt it at 2 percent in comparison with Latin America, Central Asia, Middle East, Caribbean and North Asia. Figure 3: Flow of remittance globally (Source: Vazques and Federico 2015) Figure 4: Flow of remittance in Nepal (Source: lib.icimod.org 2018) Nevertheless, with respect to Nepal, they did not have any experience with the remittance flow. The remittance flow in the country did not decline since 1998 to 2010 and was the fifth largest recipient of remittance on a global manner. Reserves on foreign exchange- The corporate sector in the emerging and developed economies have affected the financial crisis in a significant manner due to the increase in the problems of funding, which lead to the loss in the foreign exchange. The needs of the overall funding by the marketer have to be curtailed so that the funding in the foreign exchange activities can be done in the economies that are merging. The reserves in the foreign exchange within the banking system of Nepal had decreased due to the delay in the rate of interest income and the inflow through remittances. The foreign exchange reserves grew to 21.9 percent in the year 2008-09 as compared to 17.3 percent in the year 2007-08 (Abrahan and Rahan 2014). Impact on macroeconomic balances- The stocks of trade has led in the worsening of the balances with respect to macro economy in the South Asian countries. In the past few months at the time of the financial crisis, the prices of the commodities were decreasing, which led to the delay of the remittances and the earnings from exports within the current account (Vazquez and Federico 2015). The fall in these prices led to the decrease of the revenue earnings as well. Import- The decreasing trend in the price of commodity such as fuel and food was one of the main features with respect to import. The reduction in the prices of the commodities on a further basis was due to the recession that took place in the OECD countries and the other countries present in South Asia. Impact on housing industry The assets that were not performing in the local banks and the delay in the funding from the foreign are the major risks that hindered the growth of the investment. This will result in making the profits low for the companies that specializes in exporting the products available in the market. The availability of the finances in the domestic market for the investment purpose was decreased, which led to the delay in the rate of investment in the domestic manner. The investment and the growth in the countries present in South Asia decreased due to the export earnings and foreign capital (Boychuk et al. 2012). Impact on share market The high level of volatility in the stock market and the transmission of it from one market to another may result in the severity of the trade stocks. The crisis that happened in the US in 2009 resulted due to the collapse of the subprime market in mortgage, which led to the crisis in liquidity. In the financial crisis, the volatility increased in New Zealand and Australian stock markets as well. This volatility in the market pushed up the cost of borrowing, which resulted in the loss of confidence level amongst the investors (Benetrix et al. 2015). The financial sector in Nepal is not related to the global financial system, as in the first instance they did not suffer from the adverse effect of financial crisis. The investment and the share market in the country did not have a link in the investment market present globally but felt the repercussions in the second and the third rounds, as they experienced decrease in tourism, which led to the burden of debt servicing and the loss in the foreign aid. The availability of the funds in banks of Nepal is more that the required amount and the vulnerability of the reserves had an indirect impact on the financial crisis, which weakened the spending of the consumers (Cayon et al. 2017). Reforms Capital planning and stress testing- The banks were planning their capital and stress testing by designing better methods for the analysis of capital, which would help in the assessment of the capacity to lend during the economic downturn with the lending to the companies. Stress testing was another regime, which helped the banks in making a framework for calculating the risks (Obstfeld 2015). This will help in increasing the level of transparency. High regulation of capital- The capital requirements that were based on risks heightened the equity with respect to the assets based on risks (Haas and Lelyveld 2014). The banks need to have a higher standard regarding the capital so that the risks can be calculated against the equity capital. Tool formation for reorganizing complex financial firms- The use of a single mode of entry, the capacity to absorb the losses and the authority to liquidate will help the banks in coping up with the losses that they may face with the financial crisis on a global manner. It would also ensure that it can be borne by the holders of long-term debts and not the taxable citizens. Conclusion This report concentrates on the cause and impact of the financial crisis on a global manner in various countries and in particular with Nepal. It can be stated that the country felt the repercussion in the second and third round with respect to the flow of remittance, reserves in foreign exchange and the prices of commodity. The country also had a negative impact due to the rate of growth in the country and the fall in the demand for manufacturing companies on a global manner. Reference List Abraham, V. and Rajan, S.I., 2014. Global Financial Crisis and Return of South Asian Gulf Migrants. 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