IMPACT OF GOVERNAMENTAL POLICIES IN LEGISLATION AFTER THE GLOBAL FINANCIAL CRISIS – ESPECIALLY IN KOSOVO

  • Armand Krasniqi

Abstract

Treating the negative effects caused by the global financial crisis is a task of state institutions. Concerned
for the impact of these effects, governments are carrying out and implementing state policies through
implementing political, legal and economical measures against the logic of economical liberalization. This
government activity in the function of regulating economic relations is being performed through carrying out and
implementing non-tariff economical barriers even though such actions are against the principles of the most
important international institutions and the logic of liberal development itself. Due to the significance this crisis has
and is going to have even with the emergence of forms of criminality, state institutions should rapidly get back to
finding efficient monetary, financial and legal measures and policies for rescue. The role of state intervention not
only is inevitable, but it is necessary and the actions should be realistic, rational, efficient, and constructive. The
first result emerging from this situation is the fact that now banks and other institutions are creating special
bounds with the state. The role of state should focus through integrated political, economical and legislative
strategies towards strengthening the bank system, credit market system, protection of investments, change of tax
policies, capital stimulation, and fighting crime. All this should reflect an anti-crisis strategy which at the very least
would immunize the economical systems in countries attacked by the crisis.
Published
2010-12-15
How to Cite
KRASNIQI, Armand . IMPACT OF GOVERNAMENTAL POLICIES IN LEGISLATION AFTER THE GLOBAL FINANCIAL CRISIS – ESPECIALLY IN KOSOVO. Journal of Advanced Studies in Finance, [S.l.], v. 1, n. 2, p. 171-180, dec. 2010. ISSN 2068-8393. Available at: <https://journals.aserspublishing.eu/jasf/article/view/34>. Date accessed: 16 aug. 2022.
Section
Journal of Advanced Studies in Finance