At Crossroads of Crisis Towards the New Emerging World

Slavenko Grgurevic

Chapter 10 in Financial Systems Integration of Balkan Countries in the European Financial System: Impact of Global Crisis, 2009, vol. 1, pp 86-91 from Institute of Economic Sciences

Abstract: Detrimental global financial crisis had devastated world financial system. The year of 2008 was the hardest for stock exchange since the 1931, and 1931, 1937 and 2008 are the hardest years for stock exchange during the last two centuries. Negative international monetary circumstances have not been recorded since the beginning of the crisis of 30-ies during the last century. This also imposed the new numerous dilemmas with the view to future trends in the world economy. One thing is certain, finances are one of the most sensitive areas in economic life. Absence of their regulation removes all barriers in front of unrestrained flows of capital of the global economy and has devastating impact on all spheres of life. Mankind, and not only economic science and practice, have found themselves at the historical turning point

Date: 2009
ISBN: 978-2-7466-1290-7
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