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World Finance Crisis: Effects And Political Reaction – Brief Chronology

Author

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  • Armenuhi Pirian

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

Abstract

This article attempts to describe in brief the main effects as well as the foundation of the world finance crisis 2008/2009. The reaction of the governments of the concerned countries is examined and analyzed. The necessity for coordinated actions and strong collaboration between the governments, on the one hand and with the international financial institutions, particularly with the IMF, on the other hand is underlined. Thorough analysis of the G–20 countries London summit on April 2, 2009 in London is presented with an emphasis on the specific measures undertaken. Instead of a conclusion, special attention is paid on the unsolved problems.

Suggested Citation

  • Armenuhi Pirian, 2011. "World Finance Crisis: Effects And Political Reaction – Brief Chronology," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 9(1), pages 189-203, March.
  • Handle: RePEc:sko:yrbook:v:9:y:2011:i:1:p:189-203
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