Factors Which Destabilize Financial Systems. An Attempt to Diagnose the Crisis of 2008 and Afterwards Cover Image

Czynniki destabilizujące systemy finansowe – próba diagnozy dla kryzysu 2008 plus
Factors Which Destabilize Financial Systems. An Attempt to Diagnose the Crisis of 2008 and Afterwards

Author(s): Helena Żukowska
Subject(s): Economy
Published by: Towarzystwo Naukowe KUL & Katolicki Uniwersytet Lubelski Jana Pawła II
Keywords: financial system;financial crisis;causes

Summary/Abstract: The aim of this article is to present the essence of financial and banking crises as well as their origins, focusing on the crisis of 2008 and afterwards. The author concludes that financial crises form an integral element of economic development, which in a globalized world can have a larger extent, both in terms of space and subject matter. As management processes and financial circumstances are becoming increasingly complicated, the range of possible causes of financial crises is growing larger. Economics, despite the instructive example of the 2008 plus crisis, has not been able to offer a satisfactory diagnosis of causes of financial crises and pinpoint their causes. A financial crisis is a chronic ailment of every economy, whose occurrence, course and consequences cannot be diagnosed once and for all.

  • Issue Year: 43/2015
  • Issue No: 1+2
  • Page Range: 129-170
  • Page Count: 42
  • Language: Polish