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Typology of Crises - Description of Shock Phenomenon and Infuence had by Natural Resources

Author

Listed:
  • Amelia Diaconu

    (Artifex University, Bucharest, Romania)

  • Raluca Georgescu

    (The Bucharest University of Economic Studies, Romania)

Abstract

This research paper represents a light approach on how crises appear, how they evolve and how could we create a protection mechanism against them. The main bias of this paper is situated on the idea of how shocks seen from asymmetrical information could evolve into real economic or financial �storms�, especially when they are ignited from the fact that political, economic and financial factors could influence a drop in available resources although those aren't lowered from natural causes. During the paper it could be seen on approach that chooses to link today's needs in predicting future crises and lessons from the past.

Suggested Citation

  • Amelia Diaconu & Raluca Georgescu, 2016. "Typology of Crises - Description of Shock Phenomenon and Infuence had by Natural Resources," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 5, pages 282-286.
    • Handle: RePEc:aes:icafee:v:5:y:2016:p:282-286
    as

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    References listed on IDEAS

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    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 215-268, November.
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    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    4. Frankel, Jeffrey A. & Rose, Andrew K., 1996. "Currency crashes in emerging markets: An empirical treatment," Journal of International Economics, Elsevier, vol. 41(3-4), pages 351-366, November.
    5. Barry Eichengreen & Ricardo Hausmann, 1999. "Exchange rates and financial fragility," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 329-368.
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