Aspects Regarding the Dispersal of the Financial Crisis within the Banking Systems of the USA and the UK

Irena Munteanu ()
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Irena Munteanu: Universitatea „Ovidius” Constanta

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 1717-1720

Abstract: The problems related to the financial crises or banking systems have fascinated the public and have been reflection subjects for economical analysts. The present financial crisis offered us the possibility to study a broad range of aspects regarding financial crises in general, the deficiencies of the modern banking systems, but also the strong connection between the two phenomena. In the present-day context, when we inevitably stumble upon the smaller or greater effects of the international financial crisis, the issue has become even more exciting. Starting from the general framework of the present crisis, we have analyzed within our research its effects on the American and the British banking systems. Although the specialized literature contains many materials referring to financial Crises, the present study contrastingly emphasizes the problems the two banking systems were confronted with, which represents a novel approach. Moreover, as the effects of the crisis are felt by everyone, the issue at hand is still “hot”.

Keywords: financial crisis; sub-prime; financial debt; banks nationalization; nonperforming loans. (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:1:p:1717-1720

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