The Relationship between the Current World Crisis and Global Imbalances

Rozalia Nistor (), Costel Nistor () and Mihaela Muntean ()
Additional contact information
Rozalia Nistor: Dunarea de Jos Univesity of Galati, Romania

Economics and Applied Informatics, 2010, issue 2, 155-166

Abstract: The world economy currently experiencing the largest decline in the postwar period, dominated by a financial crisis that swept in a record time around the world. Many developed economies have entered into recession, the rest of slowing economies, and significant growth. International trade and global monetary and financial flows show a significant contraction, while unemployment has increased considerably. Nature of the current crisis events can be reported in a precedent - in particular, the current situation of financial crisis combines the most advanced economies in the world with a time of global economic contraction. But financial crises or periods of global economic contraction are not a novelty. Therefore, the past can be a useful way of understanding this.

Keywords: economic crisis; recession; global economy; financial market (search for similar items in EconPapers)
JEL-codes: E44 E63 F21 G15 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ann.ugal.ro/eco/Doc2010_2/Nistor_Nistor_Muntean.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2010:i:2:p:155-166

Access Statistics for this article

More articles in Economics and Applied Informatics from "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Gianina Mihai ().