Post‐crisis developments in international financial markets

The purpose of this paper is to investigate what affected the post‐crisis developments in international financial markets with special reference to current innovations in the financial industry.

The paper revisits banks failures in recession years occurred in presence of a huge unprecedented guarantee programmes worth 16.4 per cent of gross domestic product in a median advanced economy.

Financial markets are indispensable despite finance's risks are everyone's because banks rely both directly and indirectly on taxpayers' support. Still the finance industry enables more trade to take place than would otherwise occur. The rally after crisis is driven by liquidity. In this context, special attention is paid to the situation on the gold market. The paper underscores that the dollar declinism is overblown. Still the situation with shifting and reorganising the world demand stays open.

The paper adds insight into post‐crisis developments in international financial markets.