Crises of the Global Finance: Politics of Monetary Authorities (1994-2014)

  •  Viacheslav M. Shavshukov    
  •  Natalya A. Zhuravleva    


Since the beginning of the 80s.of twentieth century, a global financial and economic environment system wasformed, and one sign of which were the crises of the global finance. Anti-crisis measures of the monetaryauthorities are a combination of Keynesian and monetarist prescriptions. The first are nationalization, purchaseby state (or regional financial institutions - RFI) distressed assets, the maintenance of employment and demand,social programs, state spending on High-tech. The second are tax breaks, reducing rates of discount and rates ofinterest, avoiding inflation by controlling the money supply.

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