The International Financial Crisis –’Maybe we can’t?’

There are many reasons for the current global financial crisis, one of them being the monetary policy of the US Central Bank, which was mismanaged for a long time: when the Asian markets and banks collapsed in 1997, the US government feared a decline in global demand and sought to cushion it by giving a new impetus to the country’s economy. The Fed lowered the interest rates but kept them low for too long. The foundations for the stock market bubble were laid.