Global Financial Crisis : 2008-2012
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This
paper
analyses
the
consequences
of
the
outbreak
of
the
Global
Financial
Crisis
of
2008,
since
its
inception,
due
to
subprime
mortgages
until
2012,
interval
in
which
it
did
not
stop
emerging
the
different
consequences
of
the
Great
Recession
among
the
different
economies
of
the
world.
To
carry
to
out
this
analysis
I
have
proceeded
to
the
study
of
different
sources
such
as:
working
papers,
occasional
papers,
books,
articles,
etc.
These
sources
are
both
institutional
and
private.
In
this
study
you
can
appreciate
that
the
consequences
have
been
disparate
among
developed
countries
and
developing
countries.
In
both
cases
notable
leaving
latent
the
connexion
that
exists
between
both
economies.
Also
evident
is
that
reactions
in
the
various
States,
notably
in
the
Eurozone
have
arrived
late
and
are
inadequate,
reflecting
the
urgent
need
for
greater
regulation
to
prevent
future
crises
of
this
magnitude
as
well
as
to
mitigate
the
effects
of
future
crises.
