Effects Induced By The Global Economic And Financial Crisis In The New Eu Member States
The global financial crisis transmitted several factors which have aggravated the economic situation of the new members of the European Union on the background of their strong financial and trading relations with the developed European countries. This article is a brief presentation of some vulnerabilities induced by this situation, highlighting that in the cases in which the foreign investments have developed the domestic market (through the tradable segment), the vulnerabilities are more of a temporary nature, the worst affected being those states which based their economic growth on the consumption and on investments mainly in the real estate sector.
Volume (Year): 13 (2009)
Issue (Month): 4 ()
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- Marek Dabrowski, 2009.
"The Global Financial Crisis: Lessons for European Integration,"
CASE Network Studies and Analyses
0384, CASE-Center for Social and Economic Research.
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- Alan Ahearne & Brigit Schmitz & Jürgen von Hagen, 2007. "Current Account Imbalances in the Euro Area (draft version)," CASE Network Studies and Analyses 0345, CASE-Center for Social and Economic Research.
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