Quo vadis, politika i bankari?
Quo vadis, politics and banking?
Sažetak: Globalni disbalans i višak globalne likvidnosti predstavljaju značajan rizik za svetski privredni rast i finansijsku stabilnost. Međutim, brojni faktori koji doprinose ovakvom stanju imaju strukturnu prirodu i najverovatnije će se menjati polako. Kanali rizika mogu da budu ekonomske politike i reakcije finansijskih tržišta. Razlike u shvatanju i rešavanju nestabilnosti finansijskih tržišta su trenutno predmet sukoba mišljenja raznih ekonomista i državnih političara. Danas smo zaglavljeni između finansijski neodrživog modela globalne potražnje i potrebe za politički teškom promenom u politici mnogih zemalja (ne samo evropskih), kako u fiskalnoj, tako i u monetarnoj.
Abstract: Global imbalances and global excess liquidity represent a significant risk to global economic growth and financial stability. However, numerous factors that contribute to this condition are basically structural and probably will change slowly. Channels of risks can be more economic and financial market reactions. Differences in understanding and resolving instability in financial markets are current subject of clashes of opinions among many economists and government policymakers. Today, we are stuck between financially unsustainable model of global demand and requirements for politically difficult changes in the domestic fiscal and monetary politics of many countries (not only European).
srpski
2015
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Creative Commons CC BY 4.0 - Creative Commons Autorstvo 4.0 International License.
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Ključne reči: globalni disbalans; fiskalna politika; monetarna politika; problem duga
Keywords: global imbalances / fiscal policy / monetary policy / debt problem