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Effets globaux de la crise financière. Nouveaux défis pour le développement durable en Roumanie
[Global effects of the financial crisis. New challenges for the sustainable development in Romania]

Author

Listed:
  • Zaman, Gheorghe
  • Georgescu, George

Abstract

It became clear, sometimes in a dramatic way that the world is going through the most difficult economic and financial crisis in history, which may affect its long-term stability. Because of multiple interferences in the context of the globalization of markets, the financial crisis triggered in the United States has spread to other countries, its reverberations in the real economy resulting in a downturn in the global economy. The study pays a special attention to the impact of the crisis on Romania, which is affected by the decline of the economy. Thus sustainable development of Romania will confront new challenges arisen both from the international financial crisis and the internal structural changes inherent in the transition and the European integration.

Suggested Citation

  • Zaman, Gheorghe & Georgescu, George, 2009. "Effets globaux de la crise financière. Nouveaux défis pour le développement durable en Roumanie [Global effects of the financial crisis. New challenges for the sustainable development in Romania]," MPRA Paper 53181, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:53181
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    File URL: https://mpra.ub.uni-muenchen.de/53181/1/MPRA_paper_53181.pdf
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    References listed on IDEAS

    as
    1. John C. Hull, 2009. "The Credit Crunch of 2007: What Went Wrong? Why? What Lessons Can be Learned?," World Scientific Book Chapters, in: Douglas D Evanoff & Philipp Hartmann & George G Kaufman (ed.), The First Credit Market Turmoil Of The 21st Century Implications for Public Policy, chapter 11, pages 161-174, World Scientific Publishing Co. Pte. Ltd..
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Gheorghe ZAMAN & Valentina VASILE, 2014. "Conceptual framework of economic resilience and vulnerability,at national and regional levels," Romanian Journal of Economics, Institute of National Economy, vol. 39(2(48)), pages 5-18, December.

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    More about this item

    Keywords

    financial crisis; global recession; crisis causes and effects; European integration; sustainable development;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F01 - International Economics - - General - - - Global Outlook
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • G01 - Financial Economics - - General - - - Financial Crises

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