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Implications Of The Economic And Financial Crisis In South-East Europe

Author

Listed:
  • Andreea Gradinaru

    (Faculty of Economics and Business Administration within Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

Initially triggered in the USA and generated by the chaos in the financial system of the country, the economic crisis has spread in Europe and, thanks to globalization, as a domino effect has spread around the world. Although the first part of 2008 South East Europe has lived with the belief that the countries in this region will be immune to the crisis, since September 2008, the situation has changed notably in these states. The purpose of this study is to describe the issues related to the economic crisis and its impacts on South-Eastern European countries. The first part of the study highlights economic and financial crisis origins, while in the second part the effects of the global crisis are presented and the last part states about implications of the crisis in South-Eastern Europe states.

Suggested Citation

  • Andreea Gradinaru, 2013. "Implications Of The Economic And Financial Crisis In South-East Europe," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(2), pages 216-226.
  • Handle: RePEc:jes:wpaper:y:2013:v:5:i:2:p:216-226
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    File URL: http://www.ceswp.uaic.ro/articles/CESWP2013_V2_GRA.pdf
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    References listed on IDEAS

    as
    1. Luisa Montuschi, 2009. "Aspectos éticos de la crisis financiera," CEMA Working Papers: Serie Documentos de Trabajo. 404, Universidad del CEMA.
    2. Anthony J. Evans & Toby Baxendale, 2008. "Testing Times For Central Banks – Is There Room For Austrian Ideas At The Top Table?," Economic Affairs, Wiley Blackwell, vol. 28(4), pages 36-41, December.
    Full references (including those not matched with items on IDEAS)

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      More about this item

      Keywords

      South Eastern Europe; growth; economic crisis; unemployment rate Romania;
      All these keywords.

      JEL classification:

      • G01 - Financial Economics - - General - - - Financial Crises
      • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
      • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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