The effects of the housing and real estate market crisis in the united states on the emergent economies – the case of Romania

Jenica Popescu and Sabin Rizescu
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Sabin Rizescu: University of Craiova, Romania

Annals of University of Craiova - Economic Sciences Series, 2008, vol. 2, issue 36, 628-635

Abstract: Considering the ongoing globalization process Romania simply can not avoid risks coming from the interaction of its own economy with the other ones. More or less, sooner or later, the global credit crunch will affect our country's economy. Our government, through its fiscal policies and BNR, through its monetary policy just simply can not avoid the impact of an international crisis on the Romanian economy. But some of such bad effect could be, at least, diminished by coherent fiscal policies and flexible monetary policies the way that the rest of the economy (not housing related) to remain in quite good shape.

Keywords: assets; collateralized debt obligations (CDO); credit; liquidities. (search for similar items in EconPapers)
JEL-codes: E00 E44 F00 F36 G00 G15 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2008:i:11:p:628-635

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