The current financial crisis revisited.Causes and remedies

Liliana Donath and Laura Mariana Cismas ()
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Laura Mariana Cismas: University of the West Timisoara, Romania
Authors registered in the RePEc Author Service: Laura-Mariana Cismaș

Romanian Economic Journal, 2009, vol. 12, issue 31, 85-98

Abstract: The present financial crisis is the outburst of tensions accumulated in time in the banking and financial systems. Though its causes resemble past crisis it has certain characteristics that demand a new approach. The high contagion effects as well as the implications on the real economy need different solutions from those used in the past. The paper tempts to identify the main causes and possible remedies in order to stabilize the markets and induce economic growth.

Keywords: crisis; financial markets; vulnerabilities; credibility (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:12:y:2009:i:31:p:85-98

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