EconPapers    
Economics at your fingertips  
 

Economic Crisis and the Changes in Functioning of International Financial Institutions: The Case of European Developing Countries

Ljiljana Kontić ()
Additional contact information
Ljiljana Kontić: University of Belgrade

A chapter in Global Financial Crisis and Its Ramifications on Capital Markets, 2017, pp 43-52 from Springer

Abstract: Abstract The aim of the paper is to assess the international financial institutions (IFIs) response to the global economic crisis in the European developing countries. In their response to the global crisis, the international financial institutions have increased funds for shock financing as well as significantly reformed their instruments. The Euro area is faced with a new attitude towards the international financial institutions, particularly the International Monetary Fund. With regard to the European developing countries, the research reveals that IFIs expanded its policy lending. The economic outlook includes the rate of economic growth, inflation rate and fiscal deficit. The results of analysis showed that the European developing countries, regarding the economic growth have shown a different rates—from a sharp decline to positive growth. All countries had inflation rate above the average of EU members and fiscal deficits. To prevent future financial crisis in the European developing countries it is necessary to create safety net by EU member countries, then to reform IMF.

Keywords: Financial crisis; International financial institutions; Shock financing; European developing countries (search for similar items in EconPapers)
JEL-codes: F33 F35 G20 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:conchp:978-3-319-47021-4_4

Ordering information: This item can be ordered from
http://www.springer.com/9783319470214

DOI: 10.1007/978-3-319-47021-4_4

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:spr:conchp:978-3-319-47021-4_4