Risk as the waiting room of the crisis and IMF umbrella of protection
Economic crisis is the result of complex factors, which mainly include: errors of monetary policy, prudent policies to push the losses to banks contributors, legislative measures that affect the stability of the banking system by the accumulation of bad assets. To ensure a better functioning market requires higher standards of good administration and transparency in the decision process. Opacity and lack of responsibility is a fundamental problem of many private institutions. Many countries have used primarily tax solutions for global exit from the crisis, or have turned to the IMF umbrella of protection. Economic crisis will have positive effects by maturation of the Romanian economy, which includes: increasing the quality of services, restructuring the economy, consumer empowerment, prices rearrangement, government policy discipline, professionalizing business management.
|Date of creation:||01 Jun 2009|
|Contact details of provider:|| Postal: Kuhn Platz 6 Wien|
Phone: (004021) 455.1000
Fax: (004021) 314.39.08
Web page: http://www.oraverein.tk
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ris:sphedp:2009_004. 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: (Brindusa Covaci)
If references are entirely missing, you can add them using this form.