IDEAS home Printed from https://ideas.repec.org/a/rau/journl/v5y2010i3p236-245.html
   My bibliography  Save this article

Effects Of International Financial Crisis On The Financial System And Monetary Policy

Author

Listed:
  • Mihaela Cosmina Petre

    (Associate Professors at the „Constantin Brâncoveanu” University)

  • Cristina Bunea Bontas

    (Associate Professors at the „Constantin Brâncoveanu” University)

Abstract

The current financial and economic crisis seems to be unprecendentely in the last half century. The economic downturn extented in the USA, Europe and Japan seems to be much more painful than the economic downturn in 1981-1982. A massive drop of confidence is under way, both across the business sector, and the consumers, both reacting by cutting costs. The U.S. Government and some governments in Europe, are trying to recover stability, and nationalized parts of their financial sectors to an extent that is in conflict with the modern capitalism basics. Today the entire world seems to change its direction, shaping its course to a period wherein the state role will be higher, and that of the private sector will be lower. This will be probably the most dramatic consequence of the current economic crisis.

Suggested Citation

  • Mihaela Cosmina Petre & Cristina Bunea Bontas, 2010. "Effects Of International Financial Crisis On The Financial System And Monetary Policy," Romanian Economic Business Review, Romanian-American University, vol. 5(3), pages 236-245, September.
  • Handle: RePEc:rau:journl:v:5:y:2010:i:3:p:236-245
    as

    Download full text from publisher

    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/FA10/REBE-FA10-A18.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rau:journl:v:5:y:2010:i:3:p:236-245. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alex Tabusca). General contact details of provider: http://edirc.repec.org/data/ferauro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.