Moscow, Moscow, Russian Federation
The relevance of the presented study is determined by the fact that in recent years the world community has been living in anticipation of another economic crisis of a financial nature. A very serious reason for such concerns is the fact that, unlike previous global economic crises of a financial nature, the crisis of the 2020s did not result in the collapse of the financial bubble periodically inflated within the framework of the K. Juglar cycle, but on the contrary was accompanied by the release of a large amount of money onto the market in the interests of combating the COVID-19 pandemic. At the same time, further inflation of the financial bubble during the economic crisis of the 2020s only postponed the onset of a financial crisis, the scale of which will be quite large. The aim of the study is to analyze the causes, ongoing processes and consequences of the global banking panic that arose as a result of the banking collapse in the United States during the Great Depression, in the interests of taking into account historical experience during the passage of the expected global financial crisis. The scientific novelty of the obtained results lies in the theoretical substantiation of the truncated-aggregated cycle of the influence of the US banking collapse in 1929 on the world banking panic in 1931 and the explanation of its nature from the methodological positions. It is demonstrated that, remembering the traditional US actions in the world market according to the principle of «beggar thy neighbor» (which was repeatedly implemented, including during the years of the Great Depression), the participants of the world market should be prepared for the fact that the United States will once again implement the mechanism of shifting financial problems to other countries. The practical significance of the obtained results lies in the possibility of their use in anticipating the expected world economic crisis of a financial nature.
global banking panic, US banking collapse, Great Depression.
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