Assessment of the impact of the global financial crises of 1998 and 2008–2009 on the national economy
Abstract
The article presents the results of a study of the essence of the global financial crises of 1998 and 2008–2009. The analysis made it possible to develop theoretical provisions, assess the degree of impact of global financial crises on the national Russian economy and prepare the basis for developing practical recommendations for improving approaches to assessing the impact of global financial crises on the national economy.
Both domestic and foreign scientists have been studying various aspects of global crises in the global financial market and their impact on the country's economy. Most often, Russian scientists consider the financial crisis as a component of the economic crisis, dividing it into several types (financial, currency, banking and stock exchange crises).
The most controversial issue is the origin of global financial crises. In the course of a large-scale study, it is necessary to formulate a clear position on the interpretation of the content of the category “financial crisis”, its differences from the category “global financial crisis”, in terms of practical research, it is necessary to determine the mechanisms of the impact of crises both on the current state of the economy and the possibility of predicting their impact on long term. Of particular importance for development are methodologies and practices for early warning of global financial shocks and mitigation of negative socio-economic impacts.
Due to the ongoing sanctions pressure on the Russian economy, it is necessary to constantly assess the impact of global financial crises on the national economy and timely adjust measures to support businesses and the country's population.
About the Authors
G. R. Murtazina
Volga Region State Academy of Physical Culture, Sports and Tourism
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
E. I. Bulatova
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
A. A. Zhurakhonov
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
Master
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For citations:
Murtazina G.R., Bulatova E.I., Zhurakhonov A.A. Assessment of the impact of the global financial crises of 1998 and 2008–2009 on the national economy. Kazan economic vestnik. 2022;(6):50-56. (In Russ.)
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