REFLECTIONS ON THE FINANCIAL TURMOIL

Marius Motocu and Piero Profumieri

Revista Economica, 2012, vol. Supplement, issue 1, 527-534

Abstract: The true story of 2008 has already been told too many times but it has created the sad opportunity for continuous debates on the lessons to be learned from the crisis of the financial institutions system. Panic and loss of confidence in the ability of banks, money funds or hedge funds have precipitated liquidity crisis in the institutions which, by virtue of the sacrosanct principles of non-transparent financial theory and practices, have collected money and trust capital of creditors. The return to a state of normalcy remains the objective of many future researches and it is also the aim of the following paper.

Date: 2012
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