Jersey (officially the Bailiwick of Jersey, French: Bailliage de Jersey) is a British Crown dependency just off the coast of Normandy, France. The bailiwick consists of the island of Jersey, along with surrounding uninhabited islands and rocks collectively named Les Dirouilles, Les Écréhous, Les Minquiers, Les Pierres de Lecq, and other reefs. Jersey is part of the ancient Duchy of Normandy, and is ruled by the Duke of Normandy—a title held by the reigning Monarch of the United Kingdom, though unrelated to those duties as king or queen of the UK.
The international financial crisis of 2008-09 led to the first downturn in global output since 1946 and presented the world with a major new challenge: determining what mix of fiscal and monetary policies to follow to restore growth and jobs, while keeping inflation and debt under control. Financial stabilization and stimulus programs that started in 2009-11, combined with lower tax revenues in 2009-10, required most countries to run large budget deficits. Treasuries issued new public debt – totaling $9.1 trillion since 2008 – to pay for the additional expenditures. To keep interest rates low, most central banks monetized that debt, injecting large sums of money into their economies – between December 2008 and December 2013 the global money supply increased by more than 35%. Governments now are faced with the difficult task of spurring current growth and employment without saddling their economies with so much debt that they sacrifice long-term growth and financial stability. And when economic activity picks up, central banks will confront the difficult task of containing inflation without raising interest rates so high they snuff out further growth.
A list of companies in Jersey that offer independent directors services are: