Munich Personal RePEc Archive

Echilibrul financiar global şi riscul suveran în perioada post-criză

Georgescu, George (2013): Echilibrul financiar global şi riscul suveran în perioada post-criză.

[img]
Preview
PDF
MPRA_paper_50772.pdf

Download (185kB) | Preview

Abstract

Caused by the lack of an international financial regulations framework and under the circumstances of markets volatility persistence, the global financial balances deteriorated during the postcrisis period. The bail-out of the banking system by public or multilateral intervention instead of leading to the financial re-balancing has transferred a systemic risk to the sovereign level, mainly in the case of advanced countries. Addressing high public debts toward sustainable levels by the budgetary constraints of austerity programs has proved to hamper the economic growth, increasing, in fact, the sovereign risk.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.