Triggering the Globalized Economic Crisis. Effects and Instruments to Fight It

Silvia Gherghel
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Silvia Gherghel: Romanian Court of Accounts, District Chambers of Accounts Hunedoara, Romania

Annals of the University of Petrosani, Economics, 2009, vol. 9, issue 1, 269-274

Abstract: The economy of decline, with the type of problems that characterised a big amount of the economic activity of the 1930s, aspects that have not been met until now, has made a forceful comeback, taking into consideration the fact that 15-16 years ago nobody would have thought that the modern nations would be forced to suffer the severe effects of this recession, only for fear of the currency speculators, and that the big advanced nations will find themselves incapable to generate sufficient expenses to maintain the workers and economic agents employed. The world economic system has proven to be much more dangerous. The financial crisis of the United States has spread in the states of Asia, Europe, etc., as a consequence of the economic globalization, and not only.

Keywords: crisis; recession; decline; stock exchange; bank; market; credit; financial system; employment (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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