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The Whys and Wherefores of the Current Financial Blow
https://doi.org/10.32609/0042-8736-2009-1-40-51
Abstract
The article contains a thorough analysis of a variety of causes that have provoked the present financial crisis now spreading globally. Special attention is drawn to specific factors of the crisis origin and sudden expansion. The article emphasizes some peculiar features of the financial crisis progress in emerging economies. Underlined are particularities of concepts of and run through the financial markets adjustments. The author comes to the conclusion about assets overvaluing and extreme cyclical factors susceptibility in the majority of developing countries.
About the Author
A. Suetin
Financial Academy under the Government of the Russian Federation
Russian Federation
Russian Federation
References
1. Annual Report of the Executive Board for the Financial Year Ended April 30, 2008 / IMF. 2008.
2. RPT-European Outsourcing Overtakes American in '07-TPI // Reuters UK. 2008. Jan. 18.
3. Stewart C., Vasilyeva N. What Crisis? Kremlin Downplays Financial Woes // The Associated Press. 2008. Oct. 16.
4. The Sixth Monthly Financial Stability Report/The Bank of England. 2008. Oct. 28.
Review
For citations:
Suetin A. The Whys and Wherefores of the Current Financial Blow. Voprosy Ekonomiki. 2009;(1):40-51. (In Russ.) https://doi.org/10.32609/0042-8736-2009-1-40-51
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