Financial Crisis Impact On Construction And Real Estate Sectors In Romania
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.
Volume (Year): 4 (2009)
Issue (Month): 3 (September)
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- Heitor Almeida & Thomas Philippon, 2005.
"The Risk-Adjusted Cost of Financial Distress,"
NBER Working Papers
11685, National Bureau of Economic Research, Inc.
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