MODERN WORLD FINANCIAL CRISIS: CAUSES AND CURES

Authors

  • О І Рогач Інститут міжнародних відносин Київського національного унвіерситету імені Тараса Шевченка

DOI:

https://doi.org/10.17721/apmv.2009.86.1.180-187

Abstract

This article considers the unfolding of the world financial crisis and the unprecedented measures taken by governments to stabilize financial markets. The article also examines the basic crisis resolution instruments for selected countries and international efforts to coordinate the measures among countries and to start reform of the global financial system.

Author Biography

  • О І Рогач, Інститут міжнародних відносин Київського національного унвіерситету імені Тараса Шевченка

    доктор економічних наук, професор, завідувач кафедри міжнародних фінансів Інституту міжнародних
    відносин Київського національного унвіерситету імені Тараса Шевченка

References

Анатолій Гальчинський. Криза і цикли світового розвитку. Київ, 2009.

U.S. Housing Bubble. // FX Street. -http://www.fxstreet.com/fundamental/analysis-reports/news-special-coverage/2006-11-28.html.

Calverley J. Financial Sector in Crises // The Financial Times. – September 10, 2008.

Soros erklärt China zum Gewinner der Finanzkrise. // Die Welt - 14 жовтня 2008 року. -

http://www.welt.de/wirtschaft/article2576066/Soros-erklaert-China-zum-Gewinner-der-Finanzkrise.html.

Arner D. The Global Credit Crisis of 2008:Causes and Consequences. – Asian Institute of International Financial Law Working Paper No. 3. – AIIFL, 2009.

World Bank 2009. Aslı Demirguk-Kunt and Luis Serven. Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro and Financial Policies. Policy Research Working Paper # 4807.January 2009 .Washington D.C.

The Financial and Economic Crisis: A Decent Work. AN ILO DISCUSSION PAPER. 23 March 2009.

FACTBOX - U.S. government bailout tally tops 504 billion pounds. // Reuters. - 2008. - http://www.reuters.com/article/idUKN16126320080917.

Bebchuk L. A Plan for Addressing the Financial Crises // The Economists' Voice. – 2008. – Vol. 5, Issue 5.

World Bank. Swimming Against the Tide: How Developing Countries Are Coping with the Global Crisis. Background Paper prepared by World Bank Staff for the G20 Finance Ministers and Central Bank Governors Meeting, Horsham, United Kingdom on March 13-14, 2009.

UN/A/63/XXX. Recommendations by the Commission of Experts of the President of the General Assembly on reforms of the international monetary and financial system 19 March

UNCTAD/GDS/2009/1. Глобальный экономический кизис: системные сбои и многосторонние способы преодоления. Доклад Целевой группы секретариата ЮНКТАД по системным вопросам и экономическому сотрудничеству. Резюме. ООН, Нью-Йорк и Женева, 2009.

Declaration. Summit on Financial Markets and the World Economy. // G-20. - http://www.g20.org/Documents/g20_summit_declaration.pdf.

The Financial Times, 3.04.2009.

Progress Report on the Actions of the Washington Action Plan. // G-20. - 2 April 2009.

http://www.g20.org/Documents/FINAL_Annex_on_Action_Plan.pdf.

G-20 Reaffirms IMF's Central Role in Combating Crisis. IMF Survey online. April 3, 2009.

London Summit – Leaders' Statement. // G-20. - http://www.g20.org/Documents/g20_com-munique_020409.pdf.

Leaders' Statement - The Pittsburgh Summit. // G-20. - September 24–25, 2009. -

http://www.g20.org/Documents/pittsburgh_summit_leaders_statement_250909.pdf.

Progress Report on the Actions to Promote Financial Regulatory Reform. // G-20. - 25 September 2009. - http://www.g20.org/Documents/pittsburgh_progress_report_250909.pdf.

25 September 2009. -ttp://www.g20.org/Documents/pittsburgh_progress_report_250909.pdf.

Published

2009-12-02