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The Economic Crises And The Role Of International Financial Institutions In Adjusting The Mechanism Of The World Economy

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  • Cosmin Fratostiteanu

    (University of Craiova Faculty of Economics and Business Administration)

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    Abstract

    The economic, financial and social transformations within the world economy give birth to a series of major preoccupations regarding the economic aspects of the globalization process, such as – financial crises, international financial vulnerability and failures concerning economic growth – to which this paper gives a close attention. Within the analytical framework, it is being demonstrated that the phenomena that we are dealing with today encompass globalization and they offer the latter new dimensions. Thus, the paper analyses the factors that contribute to the emergence of international financial crises, the effects of those crises, while the main objective remains to make a list of the specific problems that influence the expansion and gravity of economic crises.

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    File URL: http://feaa.ucv.ro/AUCSSE/0039v1-002.pdf
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    Bibliographic Info

    Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.

    Volume (Year): 1 (2011)
    Issue (Month): 39 ()
    Pages: 6-12

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    Handle: RePEc:aio:aucsse:v:1:y:2011:i:39:p:6-12

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    Related research

    Keywords: globalization; economic crises; international organizations;

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    References

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    1. Isard,Peter, 2005. "Globalization and the International Financial System," Cambridge Books, Cambridge University Press, number 9780521605076, October.
    2. International Monetary Fund, 2002. "Financial Crises, Poverty, and Income Distribution," IMF Working Papers 02/4, International Monetary Fund.
    3. Isard,Peter, 2005. "Globalization and the International Financial System," Cambridge Books, Cambridge University Press, number 9780521843898, October.
    4. Robert A. Mundell, 1962. "The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability," IMF Staff Papers, Palgrave Macmillan, vol. 9(1), pages 70-79, March.
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