ANTI-CRISIS STATE INTERVENTION AND CREATED IN MEDIA IMAGES OF GLOBAL FINANCIAL CRISIS Cover Image

ANTI-CRISIS STATE INTERVENTION AND CREATED IN MEDIA IMAGES OF GLOBAL FINANCIAL CRISIS
ANTI-CRISIS STATE INTERVENTION AND CREATED IN MEDIA IMAGES OF GLOBAL FINANCIAL CRISIS

Author(s): Dariusz Prokopowicz, Janusz Soboń
Subject(s): Social Sciences, Economy
Published by: Międzynarodowy Instytut Innowacji "Nauka - Edukacja - Rozwój"
Keywords: state intervention; monetary policy; global financial crisis; media; financial system; central banking; shaping public opinion; Federal Reserve Bank; European Central Bank; economic policy

Summary/Abstract: The global financial crisis in 2008 was the reason for increasing the scale of inter-ventionist economic policies in developed countries. The main instrument of this policy was the significant development of a mild monetary policy and interventionist measures aimed at forcing the restructuring processes of heavily indebted enterprises and stopping the decline in lending by commercial banks. As part of the pro-development activities of the state intervention, the Federal Reserve Bank applied a mild monetary policy of low interest rates and a program for activating lending and maintaining liquidity in the fi-nancial system by financing the purchase from commercial banks of the most endangered assets. A few years later, the European Central Bank applied the same activities of acti-vation monetary policy. The functioning of the financial system will not be fully corrected as long as there will be a message in the media encouraging the banks that the global financial crisis is primarily attributable to the Federal Reserve Bank in the USA. In many para-documentary films, which, as a para-scientific explanation and education of citi-zens, promote the philosophy of combining deregulation of financial markets with the development of a free market, and attempts to regulate markets are trying to implementthe principles of real socialism, a system quite different from that considered an ultramarine US economy.

  • Issue Year: 8/2018
  • Issue No: 2
  • Page Range: 263-277
  • Page Count: 15
  • Language: English
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