The Global Financial Crisis

2369 Words10 Pages
Financial crisis and resulting worldwide depression has at the present moved from containing the infection to precise actions designed at promote improvement and altering policy to stop to reoccurrence of the trouble. There are many financial experts says that the improving economic and financial position might reason rigid improvement of the monetary scheme to be unable to find some grip the crowded policy. “Financial market a place or channel for buying or selling stocks, bonds, and other securities” (O’BRIEN, 2011). Financial market encourage the wide-ranging security of the country at the same time as caring taxpayer interests and facilitate business operation with no creating a ethical risk. For example the New York stock exchanges if people want to hold a share of stock in Microsoft or apple they have own security because they can sell that share in the stock market. In the other hand if people want to check account at Citibank or Wels Fargo, they check account because this is an asset this is not a security. “Financial intermediary a financial firm, such as a bank, that borrows funds from savers and ends them to borrowers” (O’BRIEN, 2011). The worldwide financial crisis brew for a while, actually happening to confirm its consequence in the middle of 2007, approximately the globe stock markets have fallen, big financial institutions have collapsed or been bought out, and governments in still the wealthiest nations have had to move toward up by means of save packages to provide security for their monetary system. “Financial crises are all the additional serious since the risks tend to be intense on the banks, which are necessary to the continuity of the payments and credit-relations system”. (Mezzadra, 2010). Financial ... ... middle of paper ... ...A. F. Mezzadra, CRISIS IN THE GLOBAL ECONOMY (p. 70). Los Angeles, CA 90057: SEMIOTEXT(E) ACTIVE AGENTS SERIES. O’BRIEN, R. G. (2011). Financial Assets. In R. G. O’BRIEN, Money, Banking, and the Financial System (p. 2). New York: Prentice Hall Magdoff, Harry and Paul Sweezy (1987), Stagnation and Financial Explosion, New York: Monthly Review Press. Graziani, Augusto (2003), the Monetary Theory of Production, Cambridge: Cambridge University Press. Carney, M. 2010. “The G-20’s Core Agenda to Reduce Systemic Risk.” Remarks to the International Organization of Securities Commissions (IOSCO), Montréal QC, 10 June. Mishkin, F. (2001a) Financial Policies and the Prevention of Financial Crises in Emerging Market Countries, Cambridge, MA: National Bureau of Economic Research Working Paper No. W8087.

More about The Global Financial Crisis

Open Document