International Financial Crisis

As a result, the recession of the total operating loss of HICOM in 1986 and 1987 was $ 100 million, an increase of 71% over the previous year. Another problem in the banking industry also faces the same problem. In other words, the Malaysian state oil company lost money with the real estate developer's loan. In another view, the financial crisis of the 1980s caused problems with export goods as the value of the dollar rose. Due to the high exchange rate and unequal loans, it is difficult for the banking industry to pay loans.

The international financial crisis of 2007 - 2008 had the most serious impact on the world economy since the 1930 's. From many indicators, the crisis in the previous months was as bad as the Great Depression, or even worse. The unemployment rate in the US reached 10%, the unemployment rate in the euro area reached 12%. World inventory loss in 2008 was about 50 trillion dollars, accounting for 80% of world GDP 3. As Daniel Drezner argued, in the first phase of the crisis, international organizations responded very well to the crisis (devastating). Reactions in the 1930s 4 Four Western countries turned their eyes on the G20, not G - 8 and G - 7 which did not exist during the Atlantic. The G20 coordinated crisis response measures including emergency liquidity and large-scale stimulus packages. Shortly thereafter, the trend line improved, it is clear that the world avoided the new Great Depression.

The world's integrated economy has produced tremendous prosperity, but it is also due to the Mexican crisis of 1994, the East Asian financial crisis of 1997, and the 2008 international financial crisis, It brought stability. The latter two shocked the core of the world economy. The fundamental causes of these crises are the rise in crude oil prices, financial imbalances, insufficient bank capital, large capital flows, financial innovation, and deregulation. There is no reason to believe that all these remain the same and will not continue to function as a hairline crack in the world economy. Through this lens, we are in long-term fluctuation

Since the second quarter of 2008, the financial markets of the United States collapsed and the global financial crisis began. Because the United States is the leader of all international financial systems, the crisis is rapidly spreading to other countries as well. Declines in cash flow in the financial system, lower asset prices, and the rate of increase in uncertainty affected the global economy as a whole and caused a global financial crisis. After the Great Depression of the 1950s, this was the biggest economic collapse explained by the International Monetary Fund in 2009 (Frenkel & Rapetti: 2009).