| In the section | Articles |
| Title of the article | Global Financial and Economic Crisis and its Russian Manifestations |
| Pages | 32-46 |
| Author | Aleksandr Pavlovich Goryunov Candidate of Economics, Senior Research Fellow Economic Research Institute FEB RAS 153 Tikhookeanskaya Street, Khabarovsk, Russia, 680042 This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Abstract | Main causes of the current global economic crisis are considered, whose major discrepancy lies in the total capital accumulated by the American economy exceeding the size of capital value, which could have been covered by the revenues of the economy itself |
| Code | 336 |
| DOI | 10.14530/se.2009.2.032-046 |
| Keywords | Crisis ♦ current account ♦ deficit ♦ banking system ♦ financial sector ♦ real sector ♦ state budget ♦ exporter ♦ importer ♦ creditor ♦ borrower ♦ inflation ♦ deflation |
| Download | |
| For citation | Goryunov A.P. Global Financial and Economic Crisis and its Russian Manifestations. Prostranstvennaya Ekonomika = Spatial Economics, 2009, no. 2, pp. 32-46. DOI: 10.14530/se.2009.2.032-046. (In Russian). |
| References | 1. Кудрин А. Мировой финансовый кризис и его влияние на Россию // Вопросы экономики. 2009. № 1. 2. Мау В. Драма 2008 года: от экономического чуда к экономическому кризису // Вопросы экономики. 2009. № 2. 3. Минакир П. А. Экономика и кризис в России и на Дальнем Востоке // Пространственная экономика. 2009. № 1. 4. Минакир П. А. К вопросу об актуальности темы конференции. Управление банковскими рисками: региональный аспект. Хабаровск: Изд-во ТОГУ, 2008. 5. Минакир П. А. Уметь считать // Банковское дело. 2008. № 5. 6. Минакир П. А., Горюнова Н. Конъюнктурные и финансовые циклы и кризисы // Вестник ДВО РАН. 2003. № 5. 7. Adrian T., Hyun Song Shin. Liquidity and Financial Cycles // BIS Working Paper. 2008. № 256. July. 8. Bernanke B. Global Imbalances: Recent Developments and Prospects. http://www.federalreserve.gov/newsevents/speech/bernanke20070911a.htm. 9. Dooley M., Folkerts-Landau D., Garber P. An Essay on the Revived Bretton Woods System // NBER Working Paper. 2003. № 9971. http://www.nber.org/papers/w9971. 10. Fisher I. The Debt-Deflation Theory of Great Depressions // Econometrica. 1933. Vol. 1. . 11. Lane P., Shambaugh J. The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets // IIS Discusion Paper. 2009. № 253. 12. McGuire P., von Peter G. The US Dollar Shortage in Global Banking // BIS Quarterly Review. 2009. March. 13. Murphy A. An Analysis of the Financial Crisis of 2008: Causes and Solutions. http://ssrn.com/abstract=1295344. 14. Roubini N., Setser B. Will the Bretton Woods 2 Regime Unravel Soon? The Risk of a Hard Landing in 2005—2006 // Revived Bretton Woods System: A new Paradigm For Asian Development?» (4 feb., 2005; San Francisco) / Federal Reserve Bank of San Francisco, UC Berkley. 15. Shiller R. Irrational Exuberance. Currency, 2006. 16. World Economic Situation and Prospects 2009. U. N. New York, 2009. |
| Financing | The article was prepared with the support of projects of the Far-Eastern Branch of the Russian Academy of Sciences No. 09-I-P26-02 and No. 09-I-P24-01 |