A crise do sistema financeiro globalizado contemporâneo

The paper analyses the development of the contemporary global financial system as a consequence of markets as well as States strategies. This global financial system based on the flexible dollar has generated many financial bubbles since it started in the 80s, of which the 2008 crisis is the latest...

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Veröffentlicht in:Brazilian Journal of Political Economy 2014-09, Vol.34 (3), p.433-450
1. Verfasser: Torres Filho, Ernani Teixeira
Format: Artikel
Sprache:eng
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Zusammenfassung:The paper analyses the development of the contemporary global financial system as a consequence of markets as well as States strategies. This global financial system based on the flexible dollar has generated many financial bubbles since it started in the 80s, of which the 2008 crisis is the latest and the largest, particularly because it affected the main banks in the core market of the system, the U.S. On the last decades, banks had changed their business strategies from traditional lending activities towards more speculative investments, similar to what hedge funds do.
ISSN:0101-3157
1809-4538
0101-3157
DOI:10.1590/S0101-31572014000300005