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The Economic Crises And The Role Of International Financial Institutions In Adjusting The Mechanism Of The World Economy

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  • Cosmin Fratostiteanu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

The economic, financial and social transformations within the world economy give birth to a series of major preoccupations regarding the economic aspects of the globalization process, such as – financial crises, international financial vulnerability and failures concerning economic growth – to which this paper gives a close attention. Within the analytical framework, it is being demonstrated that the phenomena that we are dealing with today encompass globalization and they offer the latter new dimensions. Thus, the paper analyses the factors that contribute to the emergence of international financial crises, the effects of those crises, while the main objective remains to make a list of the specific problems that influence the expansion and gravity of economic crises.

Suggested Citation

  • Cosmin Fratostiteanu, 2011. "The Economic Crises And The Role Of International Financial Institutions In Adjusting The Mechanism Of The World Economy," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(39), pages 6-12.
    • Handle: RePEc:aio:aucsse:v:1:y:2011:i:39:p:6-12
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    References listed on IDEAS

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    1. Sidney S. Alexander, 1951. "Devaluation versus Import Restriction as an Instrument for Improving Foreign Trade Balance," IMF Staff Papers, Palgrave Macmillan, vol. 1(1), pages 379-396, January.
    2. Isard,Peter, 2005. "Globalization and the International Financial System," Cambridge Books, Cambridge University Press, number 9780521605076.
    3. International Monetary Fund, 2002. "Financial Crises, Poverty, and Income Distribution," IMF Working Papers 2002/004, International Monetary Fund.
    4. Isard,Peter, 2005. "Globalization and the International Financial System," Cambridge Books, Cambridge University Press, number 9780521843898.
    5. Robert A. Mundell, 1962. "The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability," IMF Staff Papers, Palgrave Macmillan, vol. 9(1), pages 70-79, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    globalization; economic crises; international organizations;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration

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