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Finance and Credit
 

Consequences of world financial crisis for international and russian financial markets

Vol. 16, Iss. 12, MARCH 2010

Available online: 24 March 2010

Subject Heading: Financial crisis

JEL Classification: 

Shvedov D.S. graduate student, Financial academy under the Government of Russian Federation
dpost@list.ru

World financial system entered into turbulent period in August 2007. Problems that appeared in US financial sector and the consequent global financial crisis seriously reflected on Russian financial market. There exist a necessity to analyze the consequences of the world financial crisis and anti-crisis measures taken in different countries, including Russia and to propose new solutions: government subsidies to banks and major companies from budget, enforcement of regulation measures on basis of private - government partnership, revision and restriction of international financial reporting and risk management standards, increase in elasticity and transparency of derivatives markets, revision of international financial institutes policy their responsibility and tasks, improvement of reputation of financial institutes, development of fair relations on financial market. Analysis of the consequences of the world financial crisis would allow to evaluate the efficiency of different measures taken in different countries and would become the basis for development of new mechanisms of reparation of the market.

Keywords: financial crisis, anti-crisis measures, financial innovations, financial center

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

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