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International Financial Crisis and Its Political Consequences

Author

Listed:
  • Sedat Aybar

    (Kadir Has University)

  • Uğur Özgöker

    (Kadir Has University)

  • Vedat Akman

    (Kadir Has University)

Abstract

This article is concerned about the roots of the global crisis that rose from the collapse of the financial markets and financial institutions in the USA. The world wide recession following this event caused G-20 countries to consider new alternative economic growth models. So, financial bankruptcy lead the way to the break- down of the production lines of real sectors from constructions to steel industry and to the textile sector, in addition to the main van- guard sector of auto industry and its complementary sectors in the USA. This whole process of contagious financial crisis became a snowball to go over the other integrative finance related ties caus- ing them to become a Giant Factor of Challenge for all the Gov- ernments in the whole world.

Suggested Citation

  • Sedat Aybar & Uğur Özgöker & Vedat Akman, 2009. "International Financial Crisis and Its Political Consequences," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 24(83), pages 31-44, April.
    • Handle: RePEc:acc:malfin:v:24:y:2009:i:83:p:31-44
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