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Causes And Effects Of Romania Deepening Financial Crisis. Short Term Means

Author

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  • TUDOR FLORIN

    (Faculty of Juridical, Social and Political Sciences University of Dunarea de Jos Galati, Romania)

Abstract

Deepening and expanding financial crisis triggered in October 2008 in the U.S. and other countries is the event that has caused the utmost concern of the policy makers in the economy and society. Forecasts for Romania show a slowdown in economy. As the current global status indicates the likelihood of a major global economic crisis, we attempt through this study to identify the real causes of this deepening crisis in Romania. As well as public policy priorities to counteract the effects of the crisis and restore confidence of financial institutions and investors to Romania.

Suggested Citation

  • Tudor Florin, 2011. "Causes And Effects Of Romania Deepening Financial Crisis. Short Term Means," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 8(2), pages 10-16, August.
    • Handle: RePEc:pdc:jrpieb:v:8:y:2011:i:2:p:10-16
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    References listed on IDEAS

    as
    1. Rzońca, Andrzej & Ciżkowicz, Piotr, 2005. "Non-Keynesian effects of fiscal contraction in new member states," Working Paper Series 519, European Central Bank.
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    Cited by:

    1. Nicoleta BARBUTA-MISU, 2011. "A Specific Model for Assessing the Financial Performance:Case study on Building Sector Enterprises of Galati County - Romania," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 318-325.
    2. Nicoleta Barbuta-Misu, 2012. "Aggregated Index for Modelling the Influence of Financial Variables on Enterprise Performance," EuroEconomica, Danubius University of Galati, issue 2(31), pages 155-165, May.

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    More about this item

    Keywords

    Financial crisis; direct investment; fiscal predictability; prudent lending; fiscal governance;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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