ECONOMIC MEASURES DESIGNED BY INTERNATIONAL FINANCIAL INSTITUTION IN ORDER TO MACROSTABILIZE AND TO AUGUMENT ECONOMIC RECOVERY PROCESS

Anca Maria Paraschiv (), Alexandru Potorac () and Ioana Enache ()
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Anca Maria Paraschiv: Bucharest University of Economic Studies, Bucharest, Romania
Alexandru Potorac: Stefan cel Mare University of Suceava, Suceava, Romania
Ioana Enache: Bucharest University of Economic Studies, Bucharest, Romania

The USV Annals of Economics and Public Administration, 2015, vol. 15, issue 1(21), 233-240

Abstract: The recent economic crisis has affected the world economy in general, but the contagion degree for each member economy was different, depending on the specific economic situation existing at the crisis debut. Some European economies were very seriously affected, especially those who have expressed a number of internal and external imbalances in the pre-crisis period, and who did not take countermeasures. The economic crisis and the recession that followed were felt strong also in the USA, but the flexibility of the US economy and the measures taken since the onset of the crisis allowed a faster recovery than in European vulnerable economies. The accommodative US monetary policy permitted to avert liquidity crises and to clean the bank balance sheets, which was also a premise of resuming lending in order to get out of the recession. In this article we conducted an extensive analysis of management measures adopted in different states which are carrying out programs with IFIs, taking into account both short-term effects and implications of these economic policy measures in the medium and long term horizon.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:15:y:2015:i:1(21):p:233-240

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