Crises of the Global Finance: Politics of Monetary Authorities (1994-2014)
| Autor: | Viacheslav M. Shavshukov, Natalya A. Zhuravleva |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Finance
Inflation Monetarism business.industry General Arts and Humanities media_common.quotation_subject Reproduction (economics) Money supply General Social Sciences Foreign direct investment Recession Politics State (polity) Economics business General Economics Econometrics and Finance media_common |
| Zdroj: | Asian Social Science. 11 |
| ISSN: | 1911-2025 1911-2017 |
| Popis: | Since the beginning of the 80s.of twentieth century, a global financial and economic environment system was formed, and one sign of which were the crises of the global finance. Anti-crisis measures of the monetary authorities are a combination of Keynesian and monetarist prescriptions. The first are nationalization, purchase by state (or regional financial institutions - RFI) distressed assets, the maintenance of employment and demand, social programs, state spending on High-tech. The second are tax breaks, reducing rates of discount and rates of interest, avoiding inflation by controlling the money supply. The research is based on the systematization of the laws of the first crisis of the global economy, the analysis of new phenomena and the deep nature of the global crisis and post-crisis recession in the EU. Complex analysis methods (information gathering, analysis and synthesis) and make it possible to justify and to submit to testing in the scientific community the following hypothesis. In global economic environment the national economics are its segment, they are affected by external factors - international market trends, inflow / outflow of foreign investment. They are affected to both internal cycling of the reproduction process, and the international. In a global economy crises arise in some of its weakest link and as the waves overflow other economies. Nevertheless, the cradle of the crises is the disbalanced national economy, the external factor (withdrawal of the foreign investor) exacerbates their course. Crises of the global economy (1994-2004 yy.) have common patterns and country specificities. We believe that the global crisis of 2008-2009 and subsequent creeping recession (2010-2014 yy.) are not only a superficial reasons (mortgage collapse and the crisis of the financial system of the United States), but also the profound nature - the transition to a new type of production technology. The global economic environment, the |
| Databáze: | OpenAIRE |
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