Open AccessFINANCIAL CRISIS: ILLUSION OF SUPPRESSION
Author(s) -
Yu. S. Begma,
Elena V. Zenkina
Publication year - 2019
Publication title -
vestnik universiteta
Language(s) - English
Resource type - Journals
eISSN - 2686-8415
pISSN - 1816-4277
DOI - 10.26425/1816-4277-2019-4-141-145
Subject(s) - globalization , capitalism , financial crisis , economics , illusion , financial market , market economy , economic system , keynesian economics , financial system , political economy , finance , political science , politics , neuroscience , law , biology
It has been shown, that the financial crises in the last twenty years intensified attempts to rethink the dominant neo-liberal concepts of globalization of monetary and credit relations. Achievements of financial technology allowed to overcome some arising problems and generated hopes for a possibility of preservation of a former paradigm of market capitalism and regularities of globalization of world economy. However, a more detailed consideration of new developments in the field of international monetary and financial relations leads to the conclusion, that such hopes are illusory.