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The current financial crisis revisited.Causes and remedies

Author

Listed:
  • Liliana Eva Donath

    () (University of the West Timisoara, Romania)

  • Laura Mariana Cismas

    () (University of the West Timisoara, Romania)

Abstract

The present financial crisis is the outburst of tensions accumulated in time in the banking and financial systems. Though its causes resemble past crisis it has certain characteristics that demand a new approach. The high contagion effects as well as the implications on the real economy need different solutions from those used in the past. The paper tempts to identify the main causes and possible remedies in order to stabilize the markets and induce economic growth.

Suggested Citation

  • Liliana Eva Donath & Laura Mariana Cismas, 2009. "The current financial crisis revisited.Causes and remedies," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 12(31), pages 85-98, (1).
  • Handle: RePEc:rej:journl:v:12:y:2009:i:31:p:85-98
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    File URL: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2014-04-14/2161/je203120-20donath20cismas.pdf
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    Cited by:

    1. repec:cmj:journl:y:2013:i:28:apatachioaea is not listed on IDEAS
    2. Adina APÃTÃCHIOAE, 2013. "CENTRAL BANKS AND FINANCIAL STABILITY - Literature review," SEA - Practical Application of Science, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 245-254, June.

    More about this item

    Keywords

    crisis; financial markets; vulnerabilities; credibility;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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