Global Financial Crises and Possible Solutions to Confront Them

Abstract

The global financial crises are one of the most important and leading news topics in the modern era, due to the financial globalization that led to the globalization of financial and economic activity and markets. This led to the interconnection of the economies of the world's countries to each other.Financial crises are the occurrence of a serious and relatively sudden defect in the usual method of the financial system and leads to dangers to countries, organizations, individuals and all stakeholders. This imbalance requires quick and effective interventions from all relevant parties and these dangers lead to a collapse in the global financial and early warning indicators provide a permanent and continuous tool for guidance and warning decision makers and policy makers of the possibility that the economy will be affected by the financial crisis.

Keywords: global financial crises, financial stability, early warning systems.

DOI: 10.7176/JESD/13-14-03

Publication date:July 31^st 2022