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2009 | 57 | 8 | 804-820
Article title

GLOBAL FINANCIALISATION CRISIS AND THE NEW FINANCIAL ARCHITECTURE (Kriza globalnej financializacie a nova financna architektura)

Authors
Title variants
Languages of publication
SK
Abstracts
EN
Financialisation may be defined as: the increasing dominance of the finance industry in the sum total of economic activity. Financialisation is the employment of money capital in the financial markets and in speculation financial crises 2009 is crises of neo-liberalism, crises of ethics and crises of global economic. An American mortgage is manifested in expansion of classified debts, which arose to financial institutions in USA as a result of underestimating of risks in the area of retails' clients financing. Mortgages provided to American households with low financial standing served as ground assets of security obligations of which investors are investment and insurance companies all over the world. The main reason of crisis was improvident business activities of banks and special purpose company as well as bank ethics breaking and unfair practices of domestic funds institutions.
Contributors
  • Lubos Pavelka, Ekonomicka univerzita, Obchodna fakulta, Katedra medzinarodneho obchodu, Dolnozemska cesta 1, 812 35 Bratislava, Slovak republic
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10SKAAAA08896
YADDA identifier
bwmeta1.element.82d8f347-9be4-3f46-80ef-ad49afbe2eb1
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