The Comprehension of the Financial Crises

Authors

  • Stevan Gaber University of "Goce Delcev"-Stip
  • Vasilka Gaber-Naumoska Public Revenue Office, General Direction, Skopje, Republic of Macedonia
  • Aleksandar Naumoski University "Ss Cyril and Methodius", Skopje
  • Ilija Gruevski "Goce Delcev' University, Stip

Keywords:

banking crises, debt crises, bubbles, stock markets.

Abstract

Financial crises had become some of the worst nightmares for a lot of politicians and economist which led a lot of researchers to analyze their implications. In this paper the authors approach fundamentally in describing the types of the financial crises, their characteristics and normally the repercussions that they left behind. If the policy decision makers have more information about the crises, they can be more careful in planning, designing, and implementing some crucial measures in the economic policy.

Therefore the efficient prediction along with the experience of a lot of other countries exposed on such economic situations are essential in order to achieve success in sustaining it.

Author Biographies

  • Stevan Gaber, University of "Goce Delcev"-Stip
    Department od Finance, Assistant Professor
  • Vasilka Gaber-Naumoska, Public Revenue Office, General Direction, Skopje, Republic of Macedonia
    PhD in Economics and Head of Department for general assignments in PRO
  • Aleksandar Naumoski, University "Ss Cyril and Methodius", Skopje
    Assistant Professor at Economic faculty in Skopje
  • Ilija Gruevski, "Goce Delcev' University, Stip
    Department of Finance, Assistant Professor

References

D. Barton, R. Newell and G. Wilson. Dangerous market: Managing in financial crises. Wiley; 1 edition September 13, 2002, p.19-39.

Spectacular example of "bank run" took place in October 1995 in Japan, where the Hyogo Bank suffered a withdrawal of more than 1 billion US dollars a day.

J. Rochet.

F. Allen and D. Gale.

L. R. Klein and T. Shabbir. Recent financial crises analysis, challenges and implication. Edward Elgar Publishing Ltd, Northampton, MA, February, 2007, p. 24-30.

P. M. Garber.

D. Rapp. Bubbles, booms and busts, the rise and fall of financial assets. Springer Science, 2009, p. 1-40.

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Published

2015-12-21

Issue

Vol. 24 No. 7 (2015)

Section

Articles

License

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How to Cite

Gaber, S., Gaber-Naumoska, V., Naumoski, A., & Gruevski, I. (2015). The Comprehension of the Financial Crises. International Journal of Sciences: Basic and Applied Research (IJSBAR), 24(7), 229-237. https://www.gssrr.org/JournalOfBasicAndApplied/article/view/5063