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Sovereign debt crisis. From challenges to solutions

Author

Listed:
  • Elena Raluca MOISESCU (DUICAN)

    (Bucharest University of Economic Studies, Romania)

  • Andrei GIURESCU

    (Bucharest University of Economic Studies, Romania)

Abstract

Starting with 2007, the European Union felt the international financial crisis within the strong and the weak economies and finances of the member states. In 2008 and 2009 it sees the problem of sovereign debt crisis, although there is a strong link between the financial crisis and the sovereign debt crisis throughout economic history. The main objectives were the actions of central banks, particularly the European Central Bank in response to the economic and financial crisis. But, in 2010, after a slow recovery, the sovereign debt crisis installed, bringing in the weaknesses of Economic Monetary Union. This paper presents an analysis of the sovereign debt crisis in European Union, focusing on the causes of the sovereign debt crisis, ways of transmission, its evolution and not least on solutions that can be found.

Suggested Citation

  • Elena Raluca MOISESCU (DUICAN) & Andrei GIURESCU, 2016. "Sovereign debt crisis. From challenges to solutions," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(606), S), pages 195-202, Spring.
    • Handle: RePEc:agr:journl:v:xxiii:y:2016:i:1(606):p:195-202
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    References listed on IDEAS

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    1. Ghulam, Yaseen & Derber, Julian, 2018. "Determinants of sovereign defaults," The Quarterly Review of Economics and Finance, Elsevier, vol. 69(C), pages 43-55.

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