IDEAS home Printed from
   My bibliography  Save this article

The Global Financial ... Crisis???


  • Lidia Kocurova


The main reason of crisis in the mechanism of abnormal use of credit money and the stock market at the international level in interests of separate groups. The commercialization of bank activity and an exit of banks on the stock market - the second precondition of global financial crisis. Bretton Woods in 1944 made dollar world currency - the third precondition of crisis. Interpenetration of business of the various countries, offshore business and offshore havens made global economy absolutely opaque and accelerated financial crisis. How to lead economy to developing countries? Not to copy the western technologies, to leave recession through domestic markets of the state formations. The currency of each country will represent the economic potential. Through state formation the society will come to the developed market.

Suggested Citation

  • Lidia Kocurova, 2009. "The Global Financial ... Crisis???," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 5(9), pages 117-122.
  • Handle: RePEc:mje:mjejnl:v:5:y:2009:i:9:p:117-122

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mje:mjejnl:v:5:y:2009:i:9:p:117-122. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Nikola Draskovic Jelcic). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.