SUB - PRIME CRISIS. ASPECTS REGARDING THE CRISIS IMPACT IN SOUTH - EAST EUROPE

Daniel Manaţe, Ioan Cuzman, Pavel Fărcaş and Daniela Manaţe
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Daniel Manaţe: SIF Banat-Crisana, UAV Arad, România
Ioan Cuzman: SIF Banat-Crisana, UVG Arad, România
Pavel Fărcaş: SIF Banat-Crisana, UVG Arad, România
Daniela Manaţe: ASE, FABIZ Bucureşti, România

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 237-244

Abstract: The works presents aspects regarding the sub – prime crisis and the impact of the crisis upon The South – East Europe countries. The first part approaches the origins of the sub – prime crisis, the deteriorating of the balance sheets of the banks exposed to toxic assets and the globalization of the crisis. In the second part, we analyse relevant aspects of the crisis impact upon The South – East Europe countries. The conclusions refer to the fact that economies in this area were uncovered to the negative effects with a certain delay, but these effects, eventually were more obvious than in mature economies.

Keywords: bubble; collapse of the market; sub-prime; toxic assets. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:237-244

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