Role of globalization in national financial crises.

Abstract

International finances development of that passes ahead the height of world production and export became the main motive body of internation­ alization of world economy in the last decades. Exactly meeting streams of direct investments, diversification, expansion and integration of interna­ tional financial markets, showed out a world economy on the qualitatively new level of internationalization – globalization. Kazakhstan became one of the first victims of world financial crisis. On the Kazakhstan stock exchange a sharp fall in the prices leading banks’ stock was found. Banks were forced to decrease volumes of crediting. Impossibility of getting a credit became a reason of slump in consumprion activity of population. But not only population. A Business­association shortened the activity also. Plenty of medium and small banks went bank­ rupt as a result. And withstanding banks went on toughening in terms of delivery of consumer credits.