Global Financial Crisis: A Year Later

Abstract

The current crisis has shown a number of weak segments in the world and national economies. In response to large-scale challenges the regulators had to significantly revise their approaches (as is the case with the US Fed which authority has been questioned and its activity may be subject to possible reforming). Previous risks remain, however, and new risks appear. Will the present stabilization last long, how dangerous are new threats and what are the ways to reduce them - these questions remain very асute today.