CRISIS OF INVESTMENT BANKS AND GOVERNMENTS BANK BAILOUT

Globalna financijska kriza 2008. godine imala je snažan utjecaj na ekonomiju cijelog svijeta. Slom tržišta drugorazrednih hipotekarnih kredita u SAD-u, sve veće korištenje financijske poluge, novi riskantni financijski instrumenti, izostanak kvalitetne razvojne strategije, te neodgovorno i riskantno ponašanje izvršnih vlasti, samo su neki od razloga nastanka financijske krize. Cilj rada je prikazati značaj poslovanja investicijskih banaka, ali i njihov utjecaj i ulogu u nastanku financijske krize. Analiziran je utjecaj financijske krize na ekonomiju SAD-a i Europe. Europsko financijsko tržište u velikoj je mjeri ovisilo o američkom financijskom tržištu i poslovanju velikih investicijskih banaka, što je predstavljalo jedan od glavnih razloga prelaska krize na Europu. Unutar rada prikazana je uloga države u financijskoj krizi i načini na koje države utječu na spašavanje banaka i oporavak ekonomije. Posebno se analizira spašavanje banaka u SAD-u i Europi.Global financial crisis of 2008. had a strong impact on global economy. Subprime morgage crisis in US, increased usagee of financial leverage, new financial instruments with higher risk, absence of hight quality development strategy, irresponsible and risky behavior of the executive authority, were just some of the reasons for occurrence of the financial crisis. The aim of this paper was to explain the reach of investment bank business activity, but also their impact and role in financial crisis. The paper analysed influence of the financial crisis on the economies of US and Europe. European financial markets were largely dependant on the american financial market and business operations of the global investment banks. This dependance represented one of the main causes how the crisis was transfered to Europe. An overview of the government role was discused in the paper as well as the ways how governements act in bank bailout and economy recovery. Bank bailouts in US and in Europe were particulary examined