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Derivative Financial Instruments as the Trigger of the World Financial Crisis of 2007 - 2008
Kriger Anzhelika Mikhailovna

Post-graduate student, the department of European Law, Moscow State Institute of International Relations of the Ministry of Foreign Affairs of Russia

119454, Russia, Moscow, Prospekt Vernadskogo 76

angelica.kriger@mail.ru

 

 

Abstract.

This research is aimed at analysign the influence of derivative financial instruments (hereinafter referred to as DFI) on the development of the world financial crisis of 2007 - 2008. The researcher focuses on the state of financial markets where the crisis started as well as the actions of the global community and particular states that were undertaken to overcome the crisis. As a consequence of the world financial crisis of 2007 - 2008, financial and nonfinancial institutions all over the world incurred serious damage and loss. Thousands lost their work, the inflation rate boosted up, and the states were unable to perform their obligations. In the course of writing his article Kriger applied such methods as analysis, synthesis, deduction, analogy, formalisation and abstraction. The researches undertaken by experts in different spheres demonstrate that the world financial crisis was the result of complex problems that related to regulation, prediction and analytics on economic markets of different states. Both researchers and analytics repeatedly admitted that DFI were one of the reasons of the world financial crisis. In this research Kriger tries to answer the question about whether the world financial crisis was actually the result of the wrong use of DFI or other factors influenced the economic state of world countries. 
 

Keywords: Financial Stability Board, Group of Twenty, economy, the USA, The European Union, Derivatives, derivatives, World financial crisis, Swaps, Bank for International Settlements

DOI:

10.7256/2454-0765.2018.1.26976

Article was received:

30-08-2018


Review date:

29-07-2018


Publish date:

17-10-2018


This article written in Russian. You can find full text of article in Russian here .

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