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Finance and Credit
 

The lords of money: reasons for and ways out of the world financial crisis

Vol. 15, Iss. 9, MARCH 2009

Available online: 24 August 2009

Subject Heading: Financial crisis

JEL Classification: 

Ovchinnikova O.P. Doctor of Science (Economics), associate professor Orel Regional Academy of Public Service
oovchinnikova@yandex.ru

Financial crisis spread over the whole world and became global. Russia is also suffering financial turmoil. Analysts make conservative predictions about the crisis future life and when it will be over. However they are solid: financial system will change, so will the global financial structure. The author evaluates the reasons for and the consequences of the current crisis, which can be called a debt one.

Keywords: finances; crisis; globalization; liberalization; managing; regionalization; refinancing

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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