WORLD FINANCE CRISIS: EFFECTS AND POLITICAL REACTION – BRIEF CHRONOLOGY

Armenuhi Pirian ()
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Armenuhi Pirian: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2011, vol. 9, issue 1, 189-203

Abstract: This article attempts to describe in brief the main effects as well as the foundation of the world finance crisis 2008/2009. The reaction of the governments of the concerned countries is examined and analyzed. The necessity for coordinated actions and strong collaboration between the governments, on the one hand and with the international financial institutions, particularly with the IMF, on the other hand is underlined. Thorough analysis of the G–20 countries London summit on April 2, 2009 in London is presented with an emphasis on the specific measures undertaken. Instead of a conclusion, special attention is paid on the unsolved problems.

Keywords: mortgage crisis – factology and fundamentals; investment banks; individual and common measures of the governments of the developed economies; G–20 summit in London. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:sko:yrbook:v:9:y:2011:i:1:p:189-203

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