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Reference:
Polyakov, E.N.
On the issue of the causes of financial crisis of 2008 –
2010 and its consequences for the macro-prudential
politics.
// National Security.
2013. № 1.
P. 51-65.
URL: https://en.nbpublish.com/library_read_article.php?id=62342
Polyakov, E.N. On the issue of the causes of financial crisis of 2008 –
2010 and its consequences for the macro-prudential
politics.
Abstract:
The topicality of this article is due to the fact that in
three years after the sharpest phase of global financial
crisis, we finally understand its nature, and we can evaluate
the activities of the monetary government of states
at the time of crisis, to compare the monetary politics of
Russia and other developing states, and to understand
whether the Central Bank and Government of Russia
drew the right conclusions from the situation. Therefore,
this article devoted to the analysis of inß uence of instability
onto the global financial market on the economies
of the developing states, and the analysis of the prerequisites
for the higher or lower vulnerability of financial
systems in the developing states in the global economic
crisis of 2008 – 2010. In particular, the author analyzes
the causes and effects of the global financial crisis on
the economies of developing states including Russia.
The author also pays much attention to the inß uence
of the global financial crisis on the economies of two
groups of developing states – the South-Eastern Asian
states and the states of Central and Eastern Europe.
The results of this study may be used for the further economic
research, and they help to explain the dynamics
of the key macroeconomic characteristics of the Russian
Federation during the sharp period of crisis. The author
offers the analysis of vulnerability level of the Russian
economy in cases of lacking stability of global financial
markets at the present time.
Keywords:
economics, crisis, finances, economics, causes, politics, Russia, consequences, system, security.
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This article written in Russian. You can find original text of the article here
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References
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3. New Estimates of Global Imbalances: Fundamental Equilibrium Time for Action Ex-change Rates. William R. Cline and John Williamson
4. The Downfall Is over, the Crisis Continues. S. Aleksashenko
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7. The Impact of the Global Economic and Financial Crisis on Central, Eastern and South-Eastern Europe: A Stock-Taking Exercise. S. Gardo, R.Martin
8. The spread of the financial crisis to central and eastern Europe: evidence from the BIS data D. Mihaljek
9. Understanding the crisis in emerging Europe. E Berglöf, Y Korniyenko, J Zettelmeye
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