Global financial crisis as a symptom of the market economy turbulences in the 21st century
Journal: Economics Bulletin of The National Mining University (Vol.42, No. 42)Publication Date: 2013-07-08
Authors : Hetmanchuk A.; Sucholinski A.;
Page : 118-126
Keywords : bank and currency crisis; world financial crisis; mortgage loan; credit risk; derivative financial instrument; unconventional central banks operations; liquidity;
Abstract
The transition of world economy into the financial turbulence phase is established basing on the cause and effect analysis of 2007?2009 financial crisis. Specific character of a new kind of cyclical dynamics of global economy is established and main reason for crisis-like phenomena are determined.
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