Date Added: Dec 2009
Global crisis that has affected all economies has also given harms for financial and structural bodies of economies. Near after this financial crisis, governments took different responsibilities to overcome this phenomenon. In this context, priorities in overcoming the crisis have concentrated on the macroeconomic adjustments and regulatory precautions. Measures should have taken by the governments of OECD economies in line of macroeconomic adjustment and crisis exit strategies are outlined briefly. The current financial crisis has affected every economy in the world, including the developing economies. The crisis, which began in the United States, has weakened the financial markets both in Europe and in the emerging economies. This case has resulted from globalization phenomenon.