Krízový manažment / Crisis Management

Krízový Manažment 2012, 11(2):42-51 | DOI: 10.26552/krm.C.2012.2.42-51

FEATURES OF THE WORLD CRISIS 2008-2009. AND ANTI-CRISIS MEASURES

Yuriy UMANTSIV

Kyiv National Trade and Economic University. Address: 56 Kharkivske shose Street, apt. 517, Kyiv, Ukraine, 02091

The financial crisis 2008-2009 is considered in the article, its background and implications. It is proved that it significantly differs from previous crises, the epicenter of which was in developing countries. The main prerequisite for the financial crisis is financial liberalization, accompanied by excessive credit expansion. The crisis highlighted primarily the problem of real market opportunities.
The analysis leads to a conclusion that most researchers believe that the main prerequisite for crisis had been financial liberalization, which was accompanied by excessive credit expansion.
Global financial markets trends during 2007-2008 had been shaped by the mortgage crisis in the United States of America. A key element of anti-crisis program is to stabilize the financial system and especially in the banking sector. The crisis has made it possible to completely ensure that free markets and global financial transactions are not compatible.
The main directions of solving these problems should be the expansion of opportunities to maintain liquidity on the basis of program improvement, restrictions on banks of active operations, the introduction of a moratorium on the allocation of net profits of banks, a ban on the implementation of new emission savings (deposit) certificates and their repayment.

Kľúčové slová: finansial crisis, global economy, financial market, liberalization, credit, mortgage credit, mortgage crisis, capital

Uverejnené: September 30, 2012  Zobraziť citáciu