A comparative analysis of solutions regarding the current global crisis
Abstract
The aim of this paper is to analyze comparatively and critically the solutions adopted on international level by the European Union and also by different countries. In the first part, the paper aims at emphasizing the causes of the global economic and financial crisis and its features, including the contagion effect which manifested. In the second part, we consider the main implications of the global financial turmoil in order to emphasize the serious effects of the crisis. Finally, we analyze the solutions outlined in hard-hit countries in order to limit and counteract its effects, the solutions adopted on international level and also the domestic remedies. For this purpose, we compare the fiscal, monetary and budgetary solutions developed and implemented in countries such as USA, UK, Japan, EU countries and, of course, Romania.Download Info
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Article provided by Faculty of Economics, Tibiscus University in Timisoara in its journal Anale. Seria Stiinte Economice. Timisoara.
Volume (Year): XVIII (2012)
Issue (Month): (May)
Pages: 27-35
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Related research
Keywords: financial crisis; global crisis; sub-prime credit; fiscal packages; monetary policy;Find related papers by JEL classification:
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- G01 - Financial Economics - - General - - - Financial Crises
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
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