Romanian economy evolution's risks in conditions of U.S. housing and real estate market crisis

Jenica Popescu, Sabin Rizescu and Alia Duta
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Alia Duta: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2008, vol. 1, issue 8, 111-116

Abstract: Until present, Romanian real estate market doesn’t affect much by U.S. housing and financial crisis. Though, 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: mortgage crisis; real estate market; banking system; monetary policy (search for similar items in EconPapers)
JEL-codes: E32 G01 G21 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2008:i:8:p:111-116

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