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Financial Shortages Patterns - an Overview on Emerging Economies

Author

Listed:
  • Ioana-Veronica ALEXA

    (Dunarea de Jos University of Galati, Romania)

  • Gabriel-Iulian DAJBOG

    (Dunarea de Jos University of Galati, Romania)

Abstract

The hereby paper tackles the onset and evolution of the global financial crisis, providing an overview of the partially foreseeable causes and extremely severe consequences. The aim of the paper is to analyze how the collapses of the US sub-prime mortgage market and the reversal of the housing boom in other industrialized economies led to a ripple effect on the world economy. In Europe, bankruptcy stroke and a number of major financial institutions collapsed, while others needed rescuing. The paper concludes that the global economy has proven to be extremely brittle and in need of coherent actions in order to insure recovery.

Suggested Citation

  • Ioana-Veronica ALEXA & Gabriel-Iulian DAJBOG, 2010. "Financial Shortages Patterns - an Overview on Emerging Economies," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 79-86.
    • Handle: RePEc:ddj:fseeai:y:2010:i:2:p:79-86
    as

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    File URL: http://www.ann.ugal.ro/eco/Doc2010_2/Alexa_Dajbog.pdf
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    References listed on IDEAS

    as
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    3. Felton, Andrew & Reinhart, Carmen M. (ed.), 2009. "The First Global Financial Crisis of the 21st Century Part II: June–December, 2008," Vox eBooks, Centre for Economic Policy Research, number p199.
    4. Reinhart, Carmen & Rogoff, Kenneth, 2009. "This Time It’s Different: Eight Centuries of Financial Folly-Preface," MPRA Paper 17451, University Library of Munich, Germany.
    5. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    6. Mr. Gian M Milesi-Ferretti & Mr. Olivier J Blanchard, 2009. "Global Imbalances: In Midstream?," IMF Staff Position Notes 2009/029, International Monetary Fund.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic crisis; financial stress;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    Statistics

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