IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-319-70377-0_9.html
   My bibliography  Save this book chapter

Greek Crisis and Its Spillovers in Southeastern Europe

In: Economy, Finance and Business in Southeastern and Central Europe

Author

Listed:
  • Natasa Grujic

    (University of Macedonia)

  • Dimitrios Kyrkilis

    (University of Macedonia)

Abstract

In moments of recovery from recession of global financial turmoil, Balkan countries started to face a new risk. Greek debt crisis began in 2010 and is one of the deepest economic and financial crises in both the Greek and European Union history. It has already created spillover effects in the weak economies of Southeastern Europe. This is mainly due to the strong economic integration between them and Greece, primarily as a result of intensive trade relations and high flows of Greek direct investments to those countries. The purpose of this paper is to show how Romania, Serbia (and Montenegro), FYROM, Bulgaria, and Albania have been affected by the financial turbulence of Greece. The methodology of the paper is to conduct statistical analysis by using datasets on a series of macroeconomic fundamentals that were found to be severely hit by the crisis. The empirical research uses extensive annual data spanning from 1995 to 2014, in this manner, covering a significant part of the transition period of Balkan countries, the boom period in the region, as well as the time of manifestation of the Greek debt crisis and its impact on Southeastern Europe.

Suggested Citation

  • Natasa Grujic & Dimitrios Kyrkilis, 2018. "Greek Crisis and Its Spillovers in Southeastern Europe," Springer Proceedings in Business and Economics, in: Anastasios Karasavvoglou & Srećko Goić & Persefoni Polychronidou & Pavlos Delias (ed.), Economy, Finance and Business in Southeastern and Central Europe, pages 123-141, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-70377-0_9
    DOI: 10.1007/978-3-319-70377-0_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:prbchp:978-3-319-70377-0_9. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.