A crise financeira de 2008, análise e proposições: uma leitura a partir de Roubini e Mihm

Abstract

The main purpose of this work is to investigate the major failures of the current financial system that contributed directly to the onset of the 2008 financial crisis from the vision of Nouriel and Stephen Mihm Rounini. This descriptive and theoretical study is based on a bibliographic research thatindicated the crisis was caused by the failures in the structure of the current financial system that allowed excessive practices of various operations, such as leverage, securitization bonds and subsidies. Those operations stimulated the employees of the financial institutions to be unwise when they were analyzing the lending, the lack of regulation, as well as the emergence of the financial institutions,also called shadow banks that borrowed money in the short-term and applied illiquid assets in long-term. After the detailed study about the financial market operations, it came to the conclusion that a reform in the current financial systemadded for a better regulationare needed, in order that, in the future, a crisis even bigger than the last one will be avoided.