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The Evolution Of The Romanian Economy In The Context Of The International Crisis

Author

Listed:
  • Hetes Roxana

    () (Universitatea de Vest din Timișoara, Facultatea de Economie și de Administrare a Afacerilor)

  • Miru Oana

    () (Universitatea de Vest din Timișoara, Facultatea de Economie și de Administrare a Afacerilor)

Abstract

The financial crises that have emerged and developed in the recent decades have been characterized, mostly of an international dimension, with shocks quickly propagating through capital markets, through the international banking activities and, through the money markets. Regarding the impact of the current crisis on the economy of Romania, the contagion effect was transmitted through several channels, but a proper framework in this respect was created by the internal context, mainly the excessive debt. To counteract the increasingly visible effects at the level of macroeconomic indicators, the measures taken by authorities have aimed primarily at the IMF support, being essential, in the following period, to register an improvement of the current situation because, otherwise, this could constitute a real threat towards adopting the euro, putting into question even the quality of Romania's EU membership.

Suggested Citation

  • Hetes Roxana & Miru Oana, 2010. "The Evolution Of The Romanian Economy In The Context Of The International Crisis," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 748-753, December.
  • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:748-753
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n2/118.pdf
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    More about this item

    Keywords

    crisis; recession; causes; policies; remedial measures;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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