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Financial Crisis Cyclicality in Europe under the US Financial Disturbances’ Impact. A Logical Framework

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  • Cristina Drumea

    (“Transilvania” University of Brasov, Romania)

Abstract

The cyclicality concept of the economic and financial crisis is well known and recurrently experienced by the Western world economies. Various triggers could be depicted for each of the crisis episodes, but some remain constant in the post-factum analyses. While political events (war/territorial disputes, energy crisis, fiscal and monetary policies) or calamities (pandemic) cannot be either anticipated or influenced, their effects, which shape each crisis (inflation rate, cost of living, supply shortages, bankruptcies) should be possible to anticipate, in order to mitigate crisis’ effects on population and businesses. Looking for patterns of the last century crisis is the obvious line of defense so that early signs are captured and acted on for future occurrences. Despite global indicators being monitored and triggers being put in place, the cyclic crisis pattern is one that could not be broken.

Suggested Citation

  • Cristina Drumea, 2023. "Financial Crisis Cyclicality in Europe under the US Financial Disturbances’ Impact. A Logical Framework," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 91-97, August.
  • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:91-97
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    References listed on IDEAS

    as
    1. Philip Cagan, 1965. "Determinants and Effects of Changes in the Stock of Money, 1875–1960," NBER Books, National Bureau of Economic Research, Inc, number caga65-1, March.
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    More about this item

    Keywords

    financial crisis; cyclicality; inflation;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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