Financial Crisis Management for the World Economy

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Author: Elena GURGU

Published in: Vol:9 No.5 / 2008

      The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.

      On the one hand, many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world.

      The problem could have been avoided, if the world economy, especially the US one, would have done an appropriate preventive financial crisis management. This is why I elaborated this paper about the necessity of a financial crisis management.

Pages: 104 - 112