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The current financial crisis revisited.Causes and remedies

  • Liliana Eva Donath


    (University of the West Timisoara, Romania)

  • Laura Mariana Cismas


    (University of the West Timisoara, Romania)

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.

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Article provided by Department of International Business and Economics from the Academy of Economic Studies Bucharest in its journal Romanian Economic Journal.

Volume (Year): 12 (2009)
Issue (Month): 31 ((1))
Pages: 85-98

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Handle: RePEc:rej:journl:v:12:y:2009:i:31:p:85-98
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