Origins of the Word Crisis and the Means Providing Global Financial Safety

Abstract

The article is devoted to the problems of the world economy, financial globalization processes, and possible ways of overcoming the crisis. In the conditions of financial globalization, excessive money supply is used to change interrelations between debts and money. Emerging of new derivatives has led to increasing sizes of current debts.
The author makes a conclusion that the main cause of the present crises is a gap between financial and real sectors of economy.
As a way out of the crisis, the author suggests to strengthen the Government control over financial markets and to establish some alternative world reserve currencies.

Keywords:

globalization, financial safety, world crisis, «financial bubbles», alternative world reserve currency