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Intensification of Disparities between New Member State – Consequence of Capital Flow

  • Moise Elena


    (Romanian American University)

  • Dârzan Mihaela


    (Romanian American University)

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    The beginning of the 90’s transitional period generated a significant increase of loans, in Eastern, South Eastern and Central Europe. The challenges that period brought were successfully overcome by the countries with flexible economies. Lately, the uncontrolled evolution of the credits determined a rapid growth, but also a bigger recession, especially for the countries with less consolidated economy. The opening of economies represented an opportunity for new investments, especially due to the governmental targets to increase the convergence with the Western Europe countries.

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    Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

    Volume (Year): XI (2011)
    Issue (Month): 1 (May)
    Pages: 1381-1385

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    Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1381-1385
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