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Financial Crisis Impact On Construction And Real Estate Sectors In Romania

Author

Listed:
  • Florina Mocanu

    (Valahia University in Târgoviste)

Abstract

This paper presents the evolution of construction and real estate sectors in Romania in the context of current financial crisis, highlighting the internal and international economic climate. The evolutions of the main macroeconomic indicators and sectoral factors of influence on them are presented. Construction and real estate sectors are particularly affected by the worsening perception of the risk, of financing difficulties, doubling the risk of liquidity with the solvency one.

Suggested Citation

  • Florina Mocanu, 2009. "Financial Crisis Impact On Construction And Real Estate Sectors In Romania," Romanian Economic Business Review, Romanian-American University, vol. 4(3), pages 127-136, September.
  • Handle: RePEc:rau:journl:v:4:y:2009:i:3:p:127-136
    as

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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/FA09/REBE-FA09-A11.pdf
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    References listed on IDEAS

    as
    1. Heitor Almeida & Thomas Philippon, 2007. "The Risk-Adjusted Cost of Financial Distress," Journal of Finance, American Finance Association, vol. 62(6), pages 2557-2586, December.
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