IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Global Financial Crisis and Its Effects on European Financial System

  • Mladenka Balaban

    ()

    (Institute of Economic Sciences, Belgrade, Serbia)

  • Slobodan Zupljanin

    (Independent University Banja Luka, Faculty of Economic, Bosnia and Herzegovina)

  • Irena Andrejevic

    (Economic School, Zemun, Serbia)

Registered author(s):

    The effects of the global financial crisis are widespread. Looking at the global level, consequences of the crisis: the decline in economic activity, productivity, employment, foreign direct investment exports, liquidity, weakening the banking sector, the deterioration of the fiscal position due to measures to stimulate consumption, laded to the rapid growth of the debt of many countries, which reached unsustainable levels. The consequences can be seen depending on the degree of development of the country. This work analyzes effects of the crisis in financial sector. In developed countries, the crisis led to the fall of liquidity due to the weakening of the banking sector, which results in lower consumption and investment, and hence the reduction in GDP growth and employment. In the case of developing countries the crisis has affected the reduction in foreign direct investment by developed countries, the decline in exports due to lower demand from developed countries and weakening of the banking sector. In poor countries, the crisis has resulted in a lack of credit and grants by developed countries, reduced exports and foreign direct investment.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.ien.bg.ac.rs/index.php/en/2013/2013-3-4
    Download Restriction: no

    Article provided by Institute of Economic Sciences in its journal Economic Analysis.

    Volume (Year): 46 (2013)
    Issue (Month): 3-4 ()
    Pages: 14-25

    as
    in new window

    Handle: RePEc:ibg:eajour:v:46:y:2013:i:3-4:p:14-25
    Contact details of provider: Postal: 12 Zmaj Jovina St, 11000 Belgrade, Serbia
    Phone: +381 11 2622 357, 2623-055
    Fax: +381 11 2181 471
    Web page: http://www.ien.bg.ac.rs
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ibg:eajour:v:46:y:2013:i:3-4:p:14-25. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zorica Bozic)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.