Financial Crisis in Kazakhstan

Table of contents

I. Introduction 2

II. The Main Causes of Financial Crisis in Kazakhstan 3

III. The Consequences of Financial Crisis in Kazakhstan 8

IV. State anti-crisis program 10

V. Conclusion 12

VI. Reference list 14

Introduction

All residents of Kazakhstan met with the word "crisis". It is called the banking crisis, financial crisis, economic crisis in 2008, the global crisis, as well as the crisis in Kazakhstan. Today, the words "financial crisis" is on the lips of not only business owners and top managers but also among ordinary workers, even among children. What is financial crisis?

The Financial Crisis -Situation where the value of a financial institution or asset declines quickly. Often associated with a run on the banks, where most investors sell off assets or withdraw money based on fears that the value of those assets will drop if they are not withdrawn.

The financial crisis - it is a reality of today. It is high food prices and real estate. This is increase in layoffs in the commercial and public structures. It is insecurity of everyone. It is change in the realities of the world, new rules, conditions and trends.

The purpose of writing the paper was a deep investigation of roots of financial crisis in Kazakhstan.

This  work includes: an introduction, which defines the purpose and relevance of research topic, three chapters: the first - the concept, essence and main causes of the financial crisis, the second – the impact of financial crisis on Kazakhstan economy, the thirds - the conclusion and  possible solutions for this problem.

The main causes of financial crisis

There are several causes of financial crisis of Kazakhstan, and one of them is integration of Kazakhstan's economy in the world economy. The financial crisis and recession in 2008-2009 in Kazakhstan as part of the global financial crisis became possible due to the integration of the Kazakhstan economy took place in the world...