The Whys and Wherefores of the Current Financial Blow

In: Voprosy ėkonomiki: ežemesjačnyj žurnal, Heft 1, S. 40-51

Abstract

The article contains a thorough analysis of a variety of causes that have provoked the present financial crisis now spreading globally. Special attention is drawn to specific factors of the crisis origin and sudden expansion. The article emphasizes some peculiar features of the financial crisis progress in emerging economies. Underlined are particularities of concepts of and run through the financial markets adjustments. The author comes to the conclusion about assets overvaluing and extreme cyclical factors susceptibility in the majority of developing countries.