IDEAS home Printed from https://ideas.repec.org/a/aes/amfeco/v11y2009inumber_special_3p735-750.html
   My bibliography  Save this article

The Global Financial Crisis: Management of Deficits and Debts

Author

Listed:
  • Constantin Ciutacu

    () (Institute of National Economy, Romanian Academy, Bucharest, Romania)

  • Luminita Chivu

    (Institute of National Economy, Romanian Academy, Bucharest, Romania)

  • Raluca Iorgulescu

Abstract

The boom of world trade, the unprecedented openness of domestic markets, regional integration, and the persistence and magnitude of globalisation are as many challenges to the management of the internal balance between revenues and expenditures, both in the context of international, regional, national, and company mechanisms, and for the individual households and consumers. The coexistence of foreign deficits/trade and domestic deficits/ budget at macro level, at the same time with the accumulation of high levels of indebtedness of the states, non-financial corporate entities, and individual households requires, in the context of the present global financial crisis, new theoretical and practical approaches, new institutions, and new policies capable to secure the sustainability of growth, and to diminish the risk of increasingly unpredictable disturbances.

Suggested Citation

  • Constantin Ciutacu & Luminita Chivu & Raluca Iorgulescu, 2009. "The Global Financial Crisis: Management of Deficits and Debts," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(Number Sp), pages 735-750, November.
  • Handle: RePEc:aes:amfeco:v:11:y:2009:i:number_special_3:p:735-750
    as

    Download full text from publisher

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_913.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gheorghe Săvoiu & Vasile Dinu & Laurenţiu Tăchiciu, 2012. "Romania Foreign Trade in Global Recession, Revealed by the Extended Method of Exchange Rate Indicators," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(31), pages 173-194, February.

    More about this item

    Keywords

    global financial crisis; deficit management; indebtness rate; net landing and net borrowing; foreign/trade deficit; domestic/budgerary deficit;

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:11:y:2009:i:number_special_3:p:735-750. 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: (Valentin Dumitru). General contact details of provider: http://edirc.repec.org/data/aseeero.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.