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Finance and Credit
 

Causes of the crisis and solutions for overcoming it

Vol. 15, Iss. 24, JUNE 2009

Available online: 16 September 2009

Subject Heading: Financial crisis

JEL Classification: 

Yakunin S.V. associate professor of chair «the Money and the credit», Saratov State Socio-Economic University
ysw@yandex.ru

The article assesses the laws being passed in the American banking system from the Great Depression period up to present times. It makes conclusions that they increase the information asymmetry appearance at the banking services market. As a result of appearance of new banking products in the form of derivative securities, the banks have been performing re-distribution of risks among all buyers of these securities.

Keywords: bank, system, model, selection, allocation, risk

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

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