KRÍZA GLOBÁLNEJ FINALIZÁCIE A NOVÁ FINANČNÁ ARCHITEKTÚA

• Authors: Pavelka Ľuboš

Title variants

EN

Global financialisation crisis and the new financial architecture

• 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.

Keywords

EN

ETHICS; FINANCIALISATION; GLOBAL CRISES; INFLATION; PROFITS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2009
• Volume: 57
• Issue: 8
• Pages: 804-820
• Document type: ARTICLE

Contributors

author

Pavelka Ľuboš

• Ekonomická univerzita v Bratislave, Obchodná fakulta, Dolnozemská cesta 1, 812 35 Bratislava, Slovak Republic

• Lubos Pavelka, Ekonomicka univerzita, Obchodna fakulta, Katedra medzinarodneho obchodu, Dolnozemska cesta 1, 812 35 Bratislava, Slovak republic

Identifiers

CEJSH db identifier

10SKAAAA08896