The Global Financial Crisis and the Conditions for the Formation of National Aggregate Demand

The article examines the impact of the global financial crisis and prospects of its overcoming. The author notes that the structure of the global financial system during the crisis has changed as a result of the revaluation of risks and credibility of public and private financial instruments. Economic and financial crisis of 2007-2009 did not left the «islands of stability» neither in the developed world nor in the emerging markets. The crisis has reinforced the willingness of policymakers to strengthen the regulation of the financial markets and institutions.