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The effects of the housing and real estate market crisis in the united states on the emergent economies – the case of Romania

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Author Info
Jenica POPESCU
Sabin RIZESCU (University of Craiova, Romania)
Abstract

Considering the ongoing globalization process Romania simply can not avoid risks coming from the interaction of its own economy with the other ones. More or less, sooner or later, the global credit crunch will affect our country's economy. Our government, through its fiscal policies and BNR, through its monetary policy just simply can not avoid the impact of an international crisis on the Romanian economy. But some of such bad effect could be, at least, diminished by coherent fiscal policies and flexible monetary policies the way that the rest of the economy (not housing related) to remain in quite good shape.

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File URL: http://feaa.ucv.ro/AUCSSE/0036v2-013.pdf
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Publisher Info
Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.

Volume (Year): 2 (2008)
Issue (Month): 36 (may)
Pages: 628-635
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Handle: RePEc:aio:aucsse:v:2:y:2008:i:11:p:628-635

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Related research
Keywords: assets; collateralized debt obligations (CDO); credit; liquidities.;

Find related papers by JEL classification:
G00 - Financial Economics - - General - - - General
G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
F00 - International Economics - - General - - - General
F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
E00 - Macroeconomics and Monetary Economics - - General - - - General
E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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This page was last updated on 2009-11-22.


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