The Spread Of The Capital Marketss Global Crisis: Does The Countries Industrial Profile Matter?
The causes of 2007ï¿½s financial perturbations and mainly of the subprime crisis are well known at the beginning of 2008. Nevertheless, the specialists pay little attention to capital markets global crisis and to its consequences. In this study, we demonstrate using Infinancials data, that we are experiencing a global capital markets crisis, where the European financial markets are the most affected. The impact of the crisis upon the 45 analysed countries differs depending on their industrial structure. Among the other factors which led to a different impact of the global crisis we can range the capital markets development and the correction of the assets prices boom. The effects of this crisis on the real economy are less obvious at the beginning of 2008, especially at European level, but the economic growth forecasts became pessimistic. The credit activity is negatively influenced and the foreign exchange market crosses over a turbulent period. The financial crisis consequences in respect of the real economy will depend on the recovery capacity of the United States economy.
Volume (Year): 3 (2008)
Issue (Month): 4(6)_Winter2008 ()
|Contact details of provider:|| Web page: http://www2.spiruharet.ro/facultati/facultate.php?id=14|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Albulescu Claudiu Tiberiu, 2008. "La crise actuelle des marches financiers : l’impact au niveau Europeen," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 22-26, May.
- Morris Goldstein, 2005. "What Might the Next Emerging-Market Financial Crisis Look Like?," Working Paper Series WP05-7, Peterson Institute for International Economics.
When requesting a correction, please mention this item's handle: RePEc:ush:jaessh:v:3:y:2008:i:4(6)_winter2008:32. 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: (Laura Stefanescu)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.