Impact of the Economic Crisis on the Countries in Eastern Europe (III) Literature Review, Theory and Empirical Evidence

Dobra Iulian
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Dobra Iulian: Paris School of Economics

Revista OEconomica, 2010, issue 04

Abstract: In this study we look at the macroeconomic factors that differentiated ten CEECs with respect to their response to the global crisis of 2008-2010. We want to find out why some countries had larger GDP declines than others in 2009. We find that previous short term indebtedness and private credit regulation played an important role in affecting a country’s reaction to the global crisis.

Keywords: crisis; credit market; Eastern Europe; financial sector (search for similar items in EconPapers)
JEL-codes: C22 C32 G01 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2010:i:04:id:276

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