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Global financial crisis and integration into world economy

Author

Listed:
  • Constantin IONETE

    (Member of the Romanian Academy)

Abstract

According to international researchers, global economic recovery depends on the support of governments and central banks, but if they withdraw their recovery programs then the entire commitment will fail. Moreover, rising unemployment, deflation and state markets hinder global economic recovery. The President of the European Central Bank says: "The recent decline of the international trade was very pronounced, rapid and synchronized. He has exceptionally added:" This means that the European recovery process, a commercial superpower, will probably be uncertain.”

Suggested Citation

  • Constantin IONETE, 2010. "Global financial crisis and integration into world economy," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 9-13, May.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:9-13
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    File URL: http://feaa.ucv.ro/FPV/011-01.pdf
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    More about this item

    Keywords

    financial crisis; economic recovery; financial markets reform;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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