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The Channels of Financial Crisis Transmission in Emerging Markets
https://doi.org/10.32609/0042-8736-2011-7-120-128
Abstract
This article describes general monitoring of the global economic system status as the initial stage of anti-crisis state policy. Evaluation results may be used by governments to identify crisis situations in the domestic economy and take prompt actions. We propose for the first time the estimation of crises transmission channels and indicators for the 2008-2009 crisis basing on the evidence from developed and developing countries, including the CIS countries. We also suggest using the index of pressure on the financial market concept (EMP) as an indicator of financial crisis and evaluation criterion of anti-crisis policy.
About the Authors
E. Fedorova
All-Russian State Distance-Learning Institute of Finance and Economics
Russian Federation
Russian Federation
O. Bezruk
All-Russian State Distance-Learning Institute of Finance and Economics
Russian Federation
Russian Federation
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Review
For citations:
Fedorova E., Bezruk O. The Channels of Financial Crisis Transmission in Emerging Markets. Voprosy Ekonomiki. 2011;(7):120-128. (In Russ.) https://doi.org/10.32609/0042-8736-2011-7-120-128
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