IDEAS home Printed from https://ideas.repec.org/a/ris/sphecs/0050.html
   My bibliography  Save this article

Financial Crisis And Romania’S Economy

Author

Listed:
  • NĂFTĂNĂILĂ, Cristina Alina

    (Faculty of Accounting and Finance Câmpulung Spiru Haret University)

Abstract

The effects of the international financial crisis also have spread on the Romanian economy. In terms of the direct impact, the banking system was less affected by not being exposed to the toxic assets, and because of prudential and administrative measures adopted over the time by the National Bank of Romania. Indirectly, the international financial crisis is expanding on the Romanian economy on the multiple channels.The evolution of the financial crisis will lead economies into a deflationary spiral in the next year or even a longer lasting, as deficit reduction efforts will take large, and probably we shall assist an output of some euro area of weaker states.

Suggested Citation

  • NĂFTĂNĂILĂ, Cristina Alina, 2010. "Financial Crisis And Romania’S Economy," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 1(2), pages 85-90.
    • Handle: RePEc:ris:sphecs:0050
    as

    Download full text from publisher

    File URL: http://www.manecognitiva.ro/jurnals/spiru-haret-economics/2010/vol1/issue2/naftanaila.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial crisis effects; economic policy; measures on economic growth; external financial agreement; the euro area; Greece;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    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:ris:sphecs:0050. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aurelian A BONDREA or Constantin Mecu (email available below). General contact details of provider: https://edirc.repec.org/data/ffuspro.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.