FinCrisis.pptVIP

Global financial crises impact on Macedonian economy;What is behind the financial crisis: Large macroeconomic imbalances Excessive household and government indebtedness in the ?rich“ world Securitisation and distribution of risky debt (?toxic“ assets) at a global scale Distortion of asset prices and lack of transparency via ?structured“ products ;Result: The rich world is already in recession Unemployment, foreclosures, corporate bankruptcies, falling prices, liquidity trap risk Other economies are dragged in through: reduced FDI, liquidation of local assets, weaker net exports, lower remitta