IMF’S AND GOVERNMENTS’ SUPPORT TO FINANCIAL SYSTEM IN THE EUROPEAN COUNTRIES DURING THE CRISIS

Magdalena Radulescu ()
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Magdalena Radulescu: University of Pitesti, Romania

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, 2011

Abstract: The health of the financial sector is essential. The financial crisis of 2007-2009 stressed once more the importance of this situation. In response to the widespread nature of the crisis, the International Monetary Fund (IMF) overhauled its lending framework in order to support emerging countries in need of financial resources. Government interventions also aimed to reduce panic attacks on national financial systems. Crisis lessons were hard and the recovery still proves to be difficult despite the support offered to the financial system. The present paper tries to present a brief review of IMF’s and Governments’ support to financial system in the European countries during the crisis.

Keywords: financial crisis; European economies; fiscal policy; governmental financial support; banking sector (search for similar items in EconPapers)
JEL-codes: F33 G01 G18 (search for similar items in EconPapers)
Date: 2009
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http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_3_2011.pdf Revised version, 2011 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:bbn:journl:2011_3_7_radulescu

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