Abstract:
The recent global financial crises have demonstrated the importance of understanding the sources of internal and global vulnerabilities that can lead to systemic financial imbalances. Early detection of vulnerability sources becomes important for regulatory action in a timely manner to reduce the growing vulnerability. These macroeconomic policy measures produce a stabilizing effect. The financial crisis has not accelerated the extreme spiral of falling prices, rising debt burdens and the chain of bankruptcies, as is the vulnerability of some economists.