The financial crisis – rethinking the economy

Livia Maria Rotaru
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Livia Maria Rotaru: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(II), 238-245

Abstract: The financial crisis was not only a short period of turmoil, but rather a vast phenomenon with grave long-term consequences on the financial sector and the real economy. It lead to a rethinking of financial intermediation and its means as well as to the creation of new policy instruments designed to respond to a new category of problems that were considered secondary to financial stability, in the past. It also generate new problems for the economy that called for extraordinary, unconventional measures.

Keywords: financial crisis; price stability; macroprudential policies. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:238-245

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