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Preus Hanna, Preus Artur
Istota globalnego kryzysu finansowego
The Essence of the Global Financial Crisis
Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace / Szkoła Główna Handlowa, 2010, nr 3, s. 67-87, wykr.
Kryzys finansowy, System finansowy, Instrumenty finansowe
Financial crisis, Financial system, Financial instruments
streszcz., summ.
Świat w latach 2008-2009 znalazł się w głębokim kryzysie, który spowodował powszechne zamieszanie wśród biznesu oraz indywidualnych gospodarstw domowych, wzrost bezrobocia i zmniejszenie się budżetów państw. Pomimo ostatnich danych, które wskazują na to, że wiele uprzemysłowionych gospodarek być może osiągnęło już dno kryzysu i zaczyna powoli podnosić się z niego w stronę sytuacji sprzed kryzysu, w większości nawet takich państw rośnie wciąż bezrobocie1. Wiele małych banków oraz gospodarstw domowych boryka się z problemem przywrócenia stanu normalności. Wiele krajów - tych uprzemysłowionych oraz reprezentujących tzw. gospodarki wschodzące - ogłosiło kosztochłonne plany ratunkowe, których realizacja potrwa jeszcze przez wiele miesięcy. (fragment tekstu)

The four main causes of the ongoing since mid-2008 global financial crisis is a life beyond, boosting fuel and food prices, the collapse of financial markets and the collapse of financial institutions. The AT Kearney study shows that the crisis is the sum of several smaller ones, which overlapp with each other: the fuel crisis (in July 2008, the price of a barrel of oil was $ 150, and rapidly rising prices of natural gas), dramatic increase in food prices (wheat and rice prices have tripled and in addition corn, eggs, dairy products and meat turn to be more expensive), the mortgage market crisis in the United States, resulting in a large financial institutions' liquidity issue. In contrary to popular perception, the crisis has not struck suddenly and before it some of its symptoms could have bee read. However, its pace and extent were unique. Initially the local financial sector crisis in the United States attacked like a tsunami, spread to the banking sector both in the G-7 countries and in the Western Europe (the most dramatic example is Iceland). In response to deteriorating financial conditions, recession and economic slowdown, many countries have implemented the plans, which call the primary objective of economic recovery, or at least maintain rates at current levels. China has earmarked for this purpose $ 586 mln, the European Union $ 256 bln, Japan $ 396 mln, Mexico $ 54 bln, and South Korea $ 52.5 bln. Global aid package exceeds the sum of $ 2,000 bln - some packages rely on funding assistance for many years. Financial crisis clearly demonstrated that there is no global economy or neither the system, which would be able to cope alone with such a case. Even in such highly economically developed countries like the U.S. crisis may occur suddenly and cause great havoc. also It can exceed the boundaries of the country and through a network of economic ties spill all over the world. (original abstract)
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