Economic crisis, its prospects and challenges

Magdalena Radulescu ()
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Magdalena Radulescu: Faculty of Economics, University of Pitesti

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2009, vol. 56, 481-488

Abstract: Actual crisis which originated from USA quickly spread throughout the world economy. Al-though at the beginning it was labeled as exclusively financial one, after its second wave (in 2008) everything became much clear. Finally we all became aware of its overwhelming influence on both financial and real spheres of national economies as well as global economic system. For the last two years, the world is facing a severe financial crisis and a dramatic economic slowdown. CEE emerging economies are also affected. In the first part of the paper, are succinctly presented the main causes of the financial crisis over the world and in the second part are presented the contagion of emerging markets and the recent solutions and progress that has been made.

Keywords: financial crisis; global imbalances; emerging economies; economic slowdown; economic theory (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aic:journl:y:2009:v:56:p:481-488

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