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La crise actuelle des marches financiers : l’impact au niveau Europeen

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  • Albulescu Claudiu Tiberiu

    (Universitatea Ecologic_ „Traian” Deva, Romania)

Abstract

The causes of 2007’s financial perturbations and mainly of the subprime crisis are well known at the beginning of 2008. Nevertheless, the specialists pay little attention to capital markets global crisis and to its consequences. In this study, we demonstrate that we are already in the middle of this crisis and that all financial markets, and in particular the European financial markets, have been affected. The impact of the crisis upon European countries is different highlighting the fact that the financial markets integration process is far from being completed. The effects of this crisis on the real economy are less obvious at present at European level, but the economic growth forecasts became pessimistic. The financial crisis consequences in respect of the real economy will depend on the recovery capacity of the United States economy.

Suggested Citation

  • Albulescu Claudiu Tiberiu, 2008. "La crise actuelle des marches financiers : l’impact au niveau Europeen," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 22-26, May.
    • Handle: RePEc:ora:journl:v:1:y:2008:i:1:p:22-26
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    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v1-international-business-and-european-integration/003.pdf
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    References listed on IDEAS

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    1. Buiter, Willem, 2007. "Lessons from the 2007 Financial Crisis," CEPR Discussion Papers 6596, C.E.P.R. Discussion Papers.
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    Cited by:

    1. Claudiu Tiberiu ALBULESCU, 2008. "The Spread Of The Capital Marketss Global Crisis: Does The Countries Industrial Profile Matter?," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(4(6)_Wint).

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    More about this item

    Keywords

    financial markets integration; global financial crisis; subprime crisis; stock prices;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets

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