World in crisis. The role of banks in reducing the effects of the global economic and financial crisis 2008-2013 | Forum Scientiae Oeconomia
Published : 2013-06-14

World in crisis. The role of banks in reducing the effects of the global economic and financial crisis 2008-2013

Romuald N. Hanisz



Abstract

The subject of this article is to present the economic and financial crisis, and the instruments implemented, mainly monetary, to overcome the negative effects on the global economy. The financial crisis that struck the United States quickly become real and moved to the social area, and affected the condition of the economies in the European Union. Governments affected by the crisis have developed special programs to save the global financial systems and restore the economy to growth. The battle on crisis, however, would be impossible without the participation of the largest central banks that have used unconventional tools aimed at restoring the balance in the global markets, not only financial.

Keywords:

financial crisis, mortgages, securitization, credit derivatives, monetary policy, liberalization of financial markets, quantitative easing



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Hanisz, R. N. . (2013). World in crisis. The role of banks in reducing the effects of the global economic and financial crisis 2008-2013. Forum Scientiae Oeconomia, 1(1), 5–21. Retrieved from https://ojs.wsb.edu.pl/index.php/fso/article/view/85

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