Home  Journals  Finance and Credit  34(370) - 2009 September

The global economic crisis: the reasons and the probable ways to exit

Available online: 6 November 2009

Subject Heading: Economic crisis

JEL Classification: 

In connection with the long crisis phenomena in world economy the threat of depression looks more than real. Inflationary measures of the governments of the developed states appear low-effective while in counteraction with the crisis consequences. In the presented work it is offered to address to the sources of modern crisis and to analyze the dynamics of its development, and also casual and subsequent connections of the factors which have become key for realization of the crisis scenario of the economy. On the basis of the revealed contradictions which have become by a corner stone of modern recession, conclusions are drawn and recommendations concerning effective ways of its overcoming, both in over-state scale, and from positions of separately taken enterprise are made.

Keywords: economic crisis, world financial system, reserve currency, Federal Reserve System, interest rate, Treasury bond emission, inflation, mortgage market, rating agency, recession, globalization, reformation

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

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