A crise do sistema financeiro globalizado contemporâneo
By: TORRES FILHO, Ernani Teixeira
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Material type: 
ArticlePublisher: São Paulo : Editora 34, July./Sept. 2014Online resources: Acesso Revista de Economia Política = Brazilian Journal of Political Economy 34, 3, p. 433-450Abstract: The crisis of the contemporary global financial system.Abstract: The paper analyses the development of the contemporary global financial systemAbstract: as a consequence of markets as well as States strategies. This global financial systemAbstract: based on the flexible dollar has generated many financial bubbles since it started inAbstract: the 80s, of which the 2008 crisis is the latest and the largest, particularly because itAbstract: affected the main banks in the core market of the system, the U.S. On the last decades,Abstract: banks had changed their business strategies from traditional lending activitiesAbstract: towards more speculative investments, similar to what hedge funds do.
The crisis of the contemporary global financial system.
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.
v. 34, n. 3 (136)
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