THE GLOBAL FINANCIAL CRISIS INPERSPECTIVE: GENESIS AND DETERMINANT FACTORS

The international global crisis represents the worst economic collapse since The Great Depression of the 1930s. Initially called the subprime crisis, in reference to the problems occurred in the US mortgage market, it became a systemic global crisis. Although it has become known as a financial crisis, it surely goes beyond that. There is no financial crisis that is not motivated by disturbances happened in the past.  And which were the misalignments that allowed a global crisis of these proportions? The answers are not obviously simple which calls for a deeper analysis of it. Thus, this paper focuses on a systemic analysis of the genesis of the crisis and it makes a critical review of its determinant factors evaluating, from a methodological perspective, the immediate and structural causes that triggered the emergence of the current global crisis.

Journal: 
31
Authors: 
Vicente Menezes Ferreira Junior
Óscar Rodil Marzábal
Attached file: 

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