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Impact Of Financial Crisis On Developing Countries

Author

Listed:
  • Ph.D Luminita Horhota,

    (Romanian American University Faculty of Commerce, Finance and Banks Bucharest, Romania)

  • Ph.D Cristina Nicoleta Matei

    (Romanian American University Faculty of Commerce, Finance and Banks Bucharest, Romania)

Abstract

This paper aims to discusses in a critically manner the crisis and concludes that as far as the developing countries are concerned, a bit more optimism may be warranted. Although without doubt there are particular countries that will be adversely affected, there will also be countries that may be less affected, may avoid recession, and may recover sooner than expected. Finally, some options available to the developing countries for minimizing the impact of the crisis are discussed. The crisis accentuates the urgent need for accelerating financial development in developing countries, both through domestic financial deepening, domestic resource mobilization, and reform of the international financial system.

Suggested Citation

  • Ph.D Luminita Horhota, & Ph.D Cristina Nicoleta Matei, 2009. "Impact Of Financial Crisis On Developing Countries," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(13S), pages 7-14, November.
  • Handle: RePEc:aio:rteyej:v:1:y:2009:i:13s:p:7-14
    as

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    File URL: http://feaa.ucv.ro/RTE/013S-01.pdf
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    References listed on IDEAS

    as
    1. David Dollar & Shang-Jin Wei, 2007. "Das (Wasted) Kapital; Firm Ownership and Investment Efficiency in China," IMF Working Papers 07/9, International Monetary Fund.
    2. Lars Jonung, 2008. "Lessons from Financial Liberalisation in Scandinavia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 50(4), pages 564-598, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    financial crisis; developing countries; financial development;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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