Credit Crisis: Experience of the Systems Analysis

Authors

  • Игорь Константинович Ключников St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation
  • Олег Игоревич Ключников St. Petersburg State University of Economics and Finance, 21, Sadovaya ul., St. Petersburg, 191023, Russian Federation

Abstract

The authors believe that the present credit crisis is the result of the development of transnational credit, hyper-expansion of which provoked the subsequent credit squeeze. In such understanding, this crisis may be considered as a subject of the economic theory.

Keywords:

credit crisis, transnational bank, credit, globalization, liquidity, financial stability

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Author Biographies

Игорь Константинович Ключников, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

доктор экономических наук, профессор

Олег Игоревич Ключников, St. Petersburg State University of Economics and Finance, 21, Sadovaya ul., St. Petersburg, 191023, Russian Federation

кандидат экономических наук

References

Литература на русском языке

Ключников И. К., Молчанова О. А., Ключников О. И. Кредит и банки: Вводный курс. М.: Финансы и статистика. М., 2007. 175 с.

Ключников И. К., Молчанова О. А., Ключников О. И. Фондовые биржи. М.: Финансы и статистика. 2009. 197 с.

Ключников О. И. Тенденции и противоречия транснациональных банков: Автореф. канд. дис. СПб.: С.-Петерб. ун-т экономики и финансов, 2008. 19 с.


References in Latin Alphabet

Greed and Fear //The Economist. 2009. Jan. 22. P. 36–39.

Lohr S. Ailing Banks May Require More Aid to Keep Solvent //New York Times. 12.02.2009.

New York Times. 11.02.2009.

Owen D., Griffiths R. Mapping the Market. A Guide to Stockmarket Analysis. Bloomberg press. 2006. 375 р.

Reaction of the Wall Street Slump. 1929. Nov. 23rd //The Economist. 2008. Oct. 1. P. 56–59.

Soros G. The New Paradigm for Financial Markets. The Credit Crush of 2008 and What It Means. Pablic Affairs. 2009. 279 р.

The Big Bear // The Economist. 2008. Oct. 16. P. 12–15.

The Economist. 2009. Febr. 9. 34 р.

URL: www.bloomberg.com (дата обращения: 12.02.2009).


Translation of references in Russian into English

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Published

2009-09-30

How to Cite

Ключников, И. К., & Ключников, О. И. (2009). Credit Crisis: Experience of the Systems Analysis. St Petersburg University Journal of Economic Studies, (3), 021–031. Retrieved from https://economicsjournal.spbu.ru/article/view/3407

Issue

No. 3 (2009)

Section

The Global Financial and Economic Crisis: Causes and Consequences

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.