Abstract
The present international financial market is characterized by remarkably high financial volatility, which reflects a substantial loss of confidence, drying up inter-bank credit and spiking short-term interest rates. Inflationary pressures combined with financial risks, both originating in the energy sector, further complicate the transmission mechanism of impulses in the global economy. This financial disruption must be tackled at its root. Securitization and deregulation created unbalanced and unfunded risks and harmed the shaky fundamentals of the financial system. But a lack of international economic coordination produced disorder, which weakens the responsibility of market players.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
