THE CHINESE CAPITAL - A REVIGORATING ELEMENT FOR THE EUROPEAN ECONOMIES

- PONEA Armand-Mihail Calota and Radu Catalin Criveanu

Revista Economica, 2012, vol. Supplement, issue 1, 128-132

Abstract: The global financial crisis started in July 2007 and was triggered by the moment when the American investors lost confidence in the securitized mortgage, which led to a liquidity problem and subsequently determined a substantial capital injection in the financial markets by the American Federal Reserve, Bank of England and by the European Central Bank. This rapidly spread beyond the American geographical borders due to the process of globalisation. There are, on one hand, voices that search explanations for the past mistakes that contributed to the failure and to the crisis and also solutions for overcoming this situation. On the other hand, there are opinions that put forward the idea that the crisis was generated by the most important players on the market, with the purpose of reshaping the markets and the influence zones.

Date: 2012
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