LATEST FINANCIAL CRISIS AND STATE INTERVENTION IN THE ECONOMY

Emilian M Dobrescu and Edith Mihaela Sima

Business&Leadership, 2011, vol. 1, issue 7, pages 7-16

Abstract: Financial Crisis, Money and Banking in 2008 began as a subprime lending problem in the United States alone the Second Quarter of 2008 and has spread rapidly in the third quarter in Western Europe, then in the fourth quarter Central and Eastern Europe and even in faraway Asia. Its main modes of expression were: lack of liquidity in the financial market and banking, as well as lower values of major stock market shares. There were some resounding failures in the U.S. two or three most important in the EU (listed below), who led the Europeans to be more united than ever and to avoid other such events across the EU. Involvement of governments - the U.S., as well as those of major Western European countries - not only to highlight how the crisis was vehement. How the U.S. authorities have supported the insurance giant shows how it works bailouts and the Fed handled by the U.S. government plans to eventually end up all banks and stock exchange on Wall Street.

Keywords: financial crisis; states; state aid. (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.kadamar.ro/ssmarticles/2011-1/2011-1-1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ssm:journl:tome:7:y:2011:i:1(7):p:7-16

Access Statistics for this article

Business&Leadership is edited by Scientific Society of Management from Romania

More articles in Business&Leadership from Scientific Society of Management from Romania
Contact information at EDIRC.
Series data maintained by Mihai Aposteanu ().