Global financial crisis and integration into world economy

Constantin Ionete
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Constantin Ionete: Member of the Romanian Academy

Finante - provocarile viitorului (Finance - Challenges of the Future), 2010, vol. 1, issue 11, 9-13

Abstract: According to international researchers, global economic recovery depends on the support of governments and central banks, but if they withdraw their recovery programs then the entire commitment will fail. Moreover, rising unemployment, deflation and state markets hinder global economic recovery. The President of the European Central Bank says: "The recent decline of the international trade was very pronounced, rapid and synchronized. He has exceptionally added:" This means that the European recovery process, a commercial superpower, will probably be uncertain.”

Keywords: financial crisis; economic recovery; financial markets reform (search for similar items in EconPapers)
JEL-codes: G01 G21 G38 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:9-13

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