The functioning of the money market is severely impaired, credit is squeezed and the transmission mechanism of monetary policy is clogged. The sovereign debt crisis came to a climax in mid-2012 when the risk of break-up seemed acute. Investors began shifting deposits away from banks in stressed jurisdictions, often to banks in countries where conditions were calmer. The deposit base fell in stressed countries.
The results throw up other related terminologies like Total Quality Management (TQM) and Total Quality Control (TQC). Why so many results? It is because TQA, TQM and TQC are not only hot topics in management and performance benchmarking but also vital in driving excellence and ensuring competitiveness in the fiercely competitive workplace we face today, whatever the industry or service you may refer to.