Global Financial Crisis : 2008-­2012

Abstract

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.