Effects Induced By The Global Economic And Financial Crisis In The New Eu Member States
AbstractThe global financial crisis transmitted several factors which have aggravated the economic situation of the new members of the European Union on the background of their strong financial and trading relations with the developed European countries. This article is a brief presentation of some vulnerabilities induced by this situation, highlighting that in the cases in which the foreign investments have developed the domestic market (through the tradable segment), the vulnerabilities are more of a temporary nature, the worst affected being those states which based their economic growth on the consumption and on investments mainly in the real estate sector.
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Bibliographic InfoArticle provided by Centre of Financial and Monetary Research "Victor Slavescu" in its journal Studii Financiare (Financial Studies).
Volume (Year): 13 (2009)
Issue (Month): 4 ()
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financial crisis; liquidity; risk aversion;
Find related papers by JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- F15 - International Economics - - Trade - - - Economic Integration
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Alan Ahearne & Brigit Schmitz & Jürgen von Hagen, 2007. "Current Account Imbalances in the Euro Area (draft version)," CASE Network Studies and Analyses 0345, CASE-Center for Social and Economic Research.
- Marek Dabrowski, 2009.
"The Global Financial Crisis: Lessons for European Integration,"
CASE Network Studies and Analyses
0384, CASE-Center for Social and Economic Research.
- Dabrowski, Marek, 2010. "The global financial crisis: Lessons for European integration," Economic Systems, Elsevier, vol. 34(1), pages 38-54, March.
- Philippe Aghion & Alan Ahearne & Marek Belka & Lars Heikensten & Jean Pisani-Ferry & AndrÃ© Sapir & JÃ¼rgen von Hagen, . "Coming of age: report on the euro area," Blueprints, Bruegel, number 11, December.
- Sven Langedijk & Werner Roeger, 2007. "Adjustment in EMU: A model-based analysis of country experiences," European Economy - Economic Papers 274, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
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