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2010 | 3 | nr 125 | 37--63
Tytuł artykułu

The Subprime Crisis and the Asian Crisis - Remarks from a Comparative Analysis

Warianty tytułu
Kryzys o zwiększonym ryzyku i kryzys azjatycki - uwagi wynikające z analizy porównawczej
Języki publikacji
EN
Abstrakty
Autorzy artykułu starają się odpowiedzieć na pytanie, czy istniejące pojęcia kryzysów bankowych i walutowych można wykorzystać szukając przyczyn globalnego kryzysu finansowego. W tym celu autorzy zbadali, czy i w jakim stopniu obecny kryzys jest podobny do kryzysu bankowego i walutowego, który wybuchł w krajach Azji Południowo-Wschodniej w latach dziewięćdziesiątych ubiegłego wieku. Realizacja tak sformułowanego celu badawczego pozwoliła stwierdzić, że mimo ciągłego wzrostu przepływów kapitału na świecie, rozwoju technik konstrukcji instrumentów finansowych oraz instytucjonalnych form instytucji finansowych, główne przyczyny wybuchu kryzysów pozostają niezmienione. Należą do nich słabnące fundamenty gospodarcze oraz niedoskonałości strukturalne wyrażające się w nieprzejrzystości produktów finansowych oraz rynków finansowych. (abstrakt oryginalny)
EN
The paper reveals whether the existing premises of currency and banking crises can be implemented while searching for the roots of the contemporary global financial crisis. To answer this question, we attempt to find out whether the current crisis is similar to the one that exploded in the countries of Southern and Western Asia in the nineties. We find that, apart from the constant increase in the volume of capital flows around the world, the development of techniques of the financial instruments' creation as well as institutional forms of financial institutions, the main reasons for the crises' outburst remain unchanged. Among them one can distinguish weakening economic fundamentals and structural imperfections, reflected in the lack of transparency of financial instruments and financial markets. (original abstract)
Rocznik
Tom
3
Numer
Strony
37--63
Opis fizyczny
Twórcy
  • Poznań University of Economics, Poland
  • Poznań University of Economics, Poland
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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