EUROPEAN ECONOMY IN ONE YEAR FROM THE START OF FINANCIAL CRISIS. CRISIS IMPACT ON ROMANIAN ECONOMY

Simona Sora and Ioana-Diana Păun
Additional contact information
Ioana-Diana Păun: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 371-379

Abstract: The global financial and economic crisis presents significant challenges for Romania. It has exposed the weaknesses in the functioning of the global economy and led to calls for the reform of the international financial architecture. Although the crisis was triggered by events in the US housing market it has affected all regions of the world, with direct consequences for international trade, investment and growth. This paper wants to present a comprehensive analysis of the global economy, followed by a review at European level and to identify the key channels of transmission of the crisis in Romania. The second part of the paper focuses on a quantitative and qualitative study that examines the evolution of Romanian economy in 2005-2009. Finally, we conclude with some perspectives and forecasts of global economic recovery, at European and national level.

Keywords: financial crisis; economic recovery; investments; GDP; MES. (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ectap.ro/documente/suplimente/Finantele ... a_Finante_en2010.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: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:371-379

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().