ANTI-CRISIS STATE INTERVENTION AND CREATED IN MEDIA IMAGES OF GLOBAL FINANCIAL CRISIS
Journal Title: International Journal of New Economics and Social Sciences - Year 2018, Vol 8, Issue 2
Abstract
The global financial crisis in 2008 was the reason for increasing the scale of interventionist economic policies in developed countries. The main instrument of this policy was the significant development of a mild monetary policy and interventionist measures aimed at forcing the restructuring processes of heavily indebted enterprises and stopping the decline in lending by commercial banks. As part of the pro-development activities of the state intervention, the Federal Reserve Bank applied a mild monetary policy of low interest rates and a program for activating lending and maintaining liquidity in the financial system by financing the purchase from commercial banks of the most endangered assets. A few years later, the European Central Bank applied the same activities of activation monetary policy. The functioning of the financial system will not be fully corrected as long as there will be a message in the media encouraging the banks that the global financial crisis is primarily attributable to the Federal Reserve Bank in the USA. In many para-documentary films, which, as a para-scientific explanation and education of citizens, promote the philosophy of combining deregulation of financial markets with the development of a free market, and attempts to regulate markets are trying to implement the principles of real socialism, a system quite different from that considered an ultramarine US economy.<br/><br/>
Authors and Affiliations
Dariusz Prokopowicz, Janusz Soboń
Keywords
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- EP ID EP517030
- DOI 10.5604/01.3001.0012.9941
- Views 122
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