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Financial Crisis Effects on Romanian Economy

Magdalena Dediu ()

Economics and Applied Informatics, 2009, issue 2, 179-188

Abstract: The world economy is under recession. The strong financial turbulences, the collapses of the main stock exchanges with global extension, the global real estate crises and alimentary problems represent the signs of a fundamental correction within the global economy. To tackle the unprecedented economic storm, governments across the world have been spending trillions of dollars on economic stimulus packages to combat the recession, prompting a debate about how eventually to unwind this support. Removing the stimulus measures too soon could see economies slump again, while leaving them in place too long could risk stoking inflationary pressures. How world financial crisis manifest in Romania.

Keywords: financial crisis; effects; measures; external vulnerability; time to act; Romania (search for similar items in EconPapers)
Date: 2009
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Handle: RePEc:ddj:fseeai:y:2009:i:2:p:179-188