THE ECONOMIC CRISES AND THE ROLE OF INTERNATIONAL FINANCIAL INSTITUTIONS IN ADJUSTING THE MECHANISM OF THE WORLD ECONOMY

Cosmin Fratostiteanu
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Cosmin Fratostiteanu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 1, issue 39, 6-12

Abstract: The economic, financial and social transformations within the world economy give birth to a series of major preoccupations regarding the economic aspects of the globalization process, such as – financial crises, international financial vulnerability and failures concerning economic growth – to which this paper gives a close attention. Within the analytical framework, it is being demonstrated that the phenomena that we are dealing with today encompass globalization and they offer the latter new dimensions. Thus, the paper analyses the factors that contribute to the emergence of international financial crises, the effects of those crises, while the main objective remains to make a list of the specific problems that influence the expansion and gravity of economic crises.

Keywords: globalization; economic crises; international organizations (search for similar items in EconPapers)
JEL-codes: F02 F15 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:39:p:6-12

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