Advanced Search
MyIDEAS: Login to save this paper or follow this series

Determinanti ai instabilitatii economice din Europa de Est, în perioada crizei financiare globale

Contents:

Author Info

  • OLTEANU, Dan Constantin

    (National Institute of Economic Research, Romanian Academy)

Abstract

This study aims at identifying and quantifying the influence of the endogenous and exogenous factors which affected the macroeconomic stability of the Emerging European (EE) Countries, under the conditions of the global financial crisis. The specific objectives to which the research included in this work focused are the following: (i) research on formation mechanisms of the main structural imbalances preceding the economic crisis from the EE countries, with focus on the role of inflows of foreign capital and over-lending, next to the analysis of their role in amplifying the effects of the global crisis; (ii) empirical studying of the short- and medium-term impact of the foreign capital reduction over the domestic absorption and the pace of gross domestic product in the EE countries, and also the factors that influence this correlation; (iii) a quantitative analysis of the extent to which the effects of the recession in the exporting and importing countries affected the dynamics of the export volume of the European countries; (iv) the construction of a monetary condition index for Romania and studying the way its evolved during the crisis, in order to establish the extent in which the decline of the domestic product from the previous trend was correlated with the evolution of monetary conditions. The work identifies the particular external vulnerability of the EE countries as the main driver of instability during the recession period, next to the high previous lending growth. The current recession fully showed the negative side of the dependency on foreign capital and external demand for export, of the EE economies.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.studii-economice.ro/2013/seince130315.pdf
Download Restriction: no

Bibliographic Info

Paper provided by National Institute of Economic Research in its series Studii Economice with number 130315.

as in new window
Length: 131 pages
Date of creation: Mar 2013
Date of revision:
Handle: RePEc:ror:seince:130315

Contact details of provider:
Postal: Bucureşti, Calea 13 Septembrie nr. 13
Phone: 004 021 4103231
Email:
Web page: http://www.ince.ro/
More information through EDIRC

Related research

Keywords: Emerging Europe; Over-lending; Capital Movements; International Trade; Economic Growth of Open Economies;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ror:seince:130315. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.