Кризата в ЕС – финансови рискове за Африка

The EU Crisis – Financial Risks for Africa

Eduard Marinov

MPRA Paper from University Library of Munich, Germany

Abstract: The negative effects of the global economic crisis affect African economies less than other regions. However, the ongoing debt crisis in the EU holed serious risks for the economic development of the continent. The paper focuses on the financial risks for the economies in Africa that are related to the sovereign debt crisis in the EU. Although such risks exist as well in the field of international trade – mainly due to the reduction of African countries export revenues, the specific risks that the paper discusses more thoroughly are directly related to financial flows – foreign direct investments, remittances, tax revenues, official development aid, credit costs, etc.

Keywords: EU debt crisis; African economy; regional integration (search for similar items in EconPapers)
JEL-codes: F00 F30 F50 N77 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:60315

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