An analysis of the deep-rooted impact of the international financial crisis
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| Format: | Thesis |
| Kulcsszavak: | adósság COVID-19 fejlett gazdaság feltörekvő piaci gazdaságok hatásvizsgálat monetáris politika nemzetközi pénzügyek pénzügyi válság |
| Online Access: | http://dolgozattar.uni-bge.hu/29932 |
| Abstract: | From the overview of the topic, we can find that the financial crisis has occurred in our lives. It has a great impact on national economic development and further on individuals. First, we distinguish financial crisis from economic crisis. Then we focus on 2007-2009 subprime financial crisis and the current financial crisis we are facing in 2020 from March to September. Through the two financial crises, we have a deeper understanding of the causes and impacts of the financial crises.The main purpose of this dissertation is to understand these two financial crises and explore whether the economic development of emerging market economies is less affected by the financial crisis compared with developed economies. Based on the analysis of data about the response and impact of America and China to financial crises in different backgrounds, from this we can predict the economic development trend of developed and emerging market economies. We find out that in the 2020 financial crisis, emerging market economies are facing recession and deflation, and the domestic market is unlikely to help economic development and quickly get rid of the financial crisis. With every financial crisis, the monetary policy adopted by the government brings higher debts, and the financial system becomes more fragile. Regardless of whether it is a developed economy or an emerging market economy, ignoring potential market crises is an obstacle to economic development. |
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