The global financial crisis and national financial systems survival: issues, dilemma and solutions
AbstractThis paper focuses on global financial crisis and its implications on the economy of nations. The questions asked to which answers were given among others include: Is the globalization of finance profitable against the backdrop of the failure of banking institutions in the United States of America that has snowballed into a global financial crisis? If yes, do the benefits derivable from the globalization of finance actually outweigh the adverse consequences as is being witnessed now? How reasonable is the proposition for an unregulated economy in the light of market failures being seen as synonymous with the failure of capitalism? Efforts are made to propose solutions aimed at reducing the effects of global financial crisis by developing countries and Nigeria in particular with a suggestion of the need to restructure the existing international financial architecture among many others. Keywords: Globalization of Finance, Financial Crisis, Contagion, Financial System
Either the Editor, the Editorial Board (individually or collectively) or the Development and Management Study Group (DMSG) assumes any responsibility for statements of facts or opinions in the papers published and are therefore absolved of any legal liability. The authors are in every way responsible for the contents of individual articles.
Reproduction of any sort, including photocopying of this journal or portions of it, or any storage whatsoever, by any person(s) without prior permission of the copyright owners, is prohibited.
© Copyright reserved by Development and Management Study Group (DMGS)