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Causes and effects of Romania deepening financial crisis. Short term means

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  • Florin, Tudor

Abstract

Deepening and expanding financial crisis triggered in October 2008 in the U.S. and other countries is the event that has caused the utmost concern of the policy makers in the economy and society. Forecasts for Romania show a slowdown in economy. As the current global status indicates the likelihood of a major global economic crisis, we attempt through this study to identify the real causes of this deepening crisis in Romania. As well as public policy priorities to counteract the effects of the crisis and restore confidence of financial institutions and investors to Romania.

Suggested Citation

  • Florin, Tudor, 2011. "Causes and effects of Romania deepening financial crisis. Short term means," Perspectives of Innovations, Economics and Business (PIEB), Prague Development Center (PRADEC), vol. 8(2), pages 1-7, August.
    • Handle: RePEc:ags:jrpieb:128641
    DOI: 10.22004/ag.econ.128641
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    1. Rzońca, Andrzej & Ciżkowicz, Piotr, 2005. "Non-Keynesian effects of fiscal contraction in new member states," Working Paper Series 519, European Central Bank.
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