Among the world leaders will meet Nov. 15 in Washington to discuss.Structural adjustment issues between countries, with the aim to cope with.The financial crisis that may result in the global economy enters recession.The following is a description of the economic crisis the worst.During the past several years, and the crisis: policy challenges:-The collapse of the fixed exchange rate system.1971 — the fixed exchange rate system, baret tons last year, which was founded in the Woods.1944 fall down after United's reserves in gold consumption is reduced significantly.And foreign investors holding dollar increase with a cause.That the United States spend a lot of money, while the Viet Nam war.U.s. Government announced suspension of converting dollars into gold and made the downgrade.Dollar down.Mr. John Khonnaenli Min. Khlangsarat Europe's delegation said thatThe dollar is "our currency, but your problem" by the agreement.Smith subsequently, suitable for thaso and this agreement will allow the currency to be.Adjustment range +/-2.25% and to increase the value of official.Of goldThe oil crisis in the 1970s1973 — the Arab oil boycott national during the war.Arab-Israel and this event would cause disruptions in oil trade and result in.The purchase of oil panic. By oil exporting country (OPEC)Be able to usurp power in the pricing comes completely from the Group company.Western multinational in the "oil crisis" for the first time, and the price of oil was gushing.From a level of around 2.50 dollars per barrel in the month of January the year 1973 to 11.50.Dollars in the year 1974 by leading industrial countries have been damaged.Intense, but development has been the most damage.1979 — was born in Iran, which is a revolutionary country that sell oil.Ranked 2 of this event from Saudi Arabia by a minor OPEC produces.The second oil crisis occurred, although oil supply shortages are not in.But Japan's foreign oil buyers to purchase oil winch, this time because of a concern that the.The oil market is missing.1980 – Iraq invaded Iran in 1980 during the end of the year the price of crude oil.North Sea Forties up to make new 40 Max dollars and still not.This statistic can be destructive during 10 years later by the oil price at a high level in a decade.1970 and 1980 urged Western Nations to their oil production even more, including:North Sea oil production. However, The world economic recession and deflation.Fuel economy to cope against fuel prices affordable. As a result, demand for oil in the world market.Falling down and causing the global oil market at a later time.The stock market collapse in 1987In October, 1987--the United States trade deficit in the month of August to 1.568.Thousand million dollars. As a result, the stock market, the Wall Street thading down big time hit.By Friday, Oct. 16, the average index fund industry Star Jones down 100 points.For the first time in history. While the stock is high and unprecedented reach.338 million shares on the New York market closed the Dow Jones index down 4.6%, or?108.36 points.— After the fall of the stock market in New York Friday. Asian stock markets.And Europe, the subsequent downward on Monday Oct. 19, or Monday and Black date.As a result, the stock market New York, swipe down to 508.32 points on Monday, pushing the index.Dow Jones, to tap the groundwater level 1, once the 738.4 this result.The value stocks in the New York market lost 22.6% contraction, compared with 12.8% reduction in par value.On the day of the stock market, the Wall Street thading down as much as possible in the year 1929.The Asian currency crisis, the Russia crisis And LTCM1997 — the Asian currency markets to plummet as investors lose confidence.In the "group of the tiger economy" by a country that has received the most damage from the.This event includes Thai, Indonesia, Philippines and Malaysia by Oct. 27.1997 index, Dow Jones down 7.18% and stock markets around the world were falling down as well.The Association of Southeast Asian Nations (ASEAN) plus China,Japan vs. South Korea boost cooperation to prevent another crisis.By the China banking sector update operation times and clear the debt was several billion.Dollars from a Chinese bank account balance Best Indonesia receives assistance.From the International Monetary Fund (IMF) on a 4.3 limit measures.Thousand million dollars.1998 — Russia lowered the value of money hole boen and delinquent is the value.4.0 thousand million dollars. By Aug. 17 in Russia have been canceled.Minimum frame rate of Exchange USD/boen hole While many banks.In Russia closed and do not allow people to withdraw deposits.IMF loan release 4.5 billion dollars to the Government to Russia.The debt payments and avoid delinquent, which damage the.The confidence of investors.In the month of September U.s. Central Bank (the Fed) branch, New York.The mediator helped to coordinate the private sector actionSalvage company try-cache thoem Picasso " Managed apartment (LTCM) Fund, which is.Even the fan limit 3.5 billion dollars. During the LTCMBankruptcy, the Fed lowered the interest rate down 3 times in subsequent months.To cope with the financial crisis Russia and LTCM almost bankruptcy.
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