Crisis as the consequence of operation of world financial institutions

A.S. Lipin (lipin@ieie.nsc.ru )

Journal "Region: Economics and Sociology", 2010, vol. 2

Abstract: The author considers the world crisis as the natural consequence of the structure of the world financial system, and concludes that the prime cause of the crisis resides not in the lack of financial management but in its low quality as well as in principal impossibility to assess properly any cover on risk. The structure of the world currency system and global disbalances, as the author sees, are interdependent.

Keywords: financial crisis; derivatives; global liquidity; currency system; risk (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2010-2_4

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