The negative effects of international crisis on the real economy and social issues

Elena Mariana Balu () and Luise Mladen ()
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Elena Mariana Balu: Universitatea Spiru Haret, Facultatea de Finante si Banci
Luise Mladen: Universitatea Spiru Haret, Facultatea de Finante si Banci

No 2009/5, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: Financial crisis has an impact on the real economy, especially through the game central banks have tried to restrict loans to finance production, thus contributing to the fall production. The report request offer, economy tries to play through adjust prices on competitive markets. If banks try to adjust production to demand effective application that can be supported by salaries or other income, comes into contradiction with the offer. A difficult economic balance will lead to rising unemployment with increased inflation if we reverse the connection between unemployment and inflation fear employees against the phenomenon of unemployment is more pronounced not only in Romania but also in EU countries.

Keywords: economic growth; international crisis; the current account deficit; inflation; labor productivity; labor supply and demand (search for similar items in EconPapers)
JEL-codes: C10 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2009-06-01
New Economics Papers: this item is included in nep-cba
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_005

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