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Synthetic Analysis of the Effects and Impact of Financial Crisis in the National Context

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  • Cãruntu Constantin

    ()
    („Constantin Brâncuºi” University of Tg-Jiu)

  • Lãpãduºi Mihaela Loredana

    ()
    („Constantin Brâncuºi” University of Tg-Jiu)

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    Abstract

    „Creativity is born out of necessity, and the day is born of the night. In times of crisis are born inventions, discoveries and great strategies. Who is exceeded beyond the crisis itself and not remain exceeded.” Albert Einstein In this paper we intend to present a series of reference points on the implications and impact of the financial crisis on the micro and macro environment in Romania. This analysis is focused on summarizing the effects of global economic and financial impact on our country. In this, the state involvement in the economic and financial life should be to act as representative of all citizens and representatives of national economic and financial interests. The economic and financial crisis has been and continues to represent the negative effect of a multitude of interconnected factors, namely: economic factors, financial factors and institutional factors. Under these extraordinary conditions of crisis it is necessary to be taken a number of measures, both at international and national level to counter the negative effects of the internal and external financial crisis. The research will allow us to identify significant changes both in economic life and in the financial life of our country.

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/volum2011p2.pdf
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    Bibliographic Info

    Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

    Volume (Year): XI (2011)
    Issue (Month): 2 (May)
    Pages: 187-191

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    Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:187-191

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    Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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    Related research

    Keywords: economic and financial crisis; recession; crisis effects; anti-crisis measures; the economic recovery.;

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