Effets globaux de la crise financière. Nouveaux défis pour le développement durable en Roumanie

Zaman, Gheorghe and Georgescu, George (2009): Effets globaux de la crise financière. Nouveaux défis pour le développement durable en Roumanie.

Abstract

It became clear, sometimes in a dramatic way that the world is going through the most difficult economic and financial crisis in history, which may affect its long-term stability. Because of multiple interferences in the context of the globalization of markets, the financial crisis triggered in the United States has spread to other countries, its reverberations in the real economy resulting in a downturn in the global economy. The study pays a special attention to the impact of the crisis on Romania, which is affected by the decline of the economy. Thus sustainable development of Romania will confront new challenges arisen both from the international financial crisis and the internal structural changes inherent in the transition and the European integration.

• Item Type: MPRA Paper
• English Title: Global effects of the financial crisis. New challenges for the sustainable development in Romania
• Language: French
• Keywords: financial crisis; global recession; crisis causes and effects; European integration; sustainable development
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; F - International Economics > F0 - General > F01 - Global Outlook; F - International Economics > F6 - Economic Impacts of Globalization > F62 - Macroeconomic Impacts; G - Financial Economics > G0 - General > G01 - Financial Crises

References

BNR (2009) Décision du Conseil d’Administration de la Banque Nationale de Roumanie, 31 mars.

CNP (2009) La projection des principaux indicateurs macroéconomique pour 2009-2013 (Proiectia principalilor indicatori macroeconomici pentru 2009-2013), Commission Nationale de Prévision de la Roumanie, 28 avril.

Dolgu Gh. (2009), Criza. Finanţe. Teorii. Studii alese, Editura Expert, Bucharest. European Commission (2009) Economic Forecast – Spring 2009, Directorate-General for Economic and Financial Affairs, European Economy 3/2009. Gouvernement de la Roumanie (2008) Le Programme du Gouvernement pour 2009-2012), Bucharest.

Hull J. C. (2009) The Credit Crunch of 2007: What Went Wrong? Why? What Lessons Can Be Learned? University of Toronto.

IMF(2009) Executive Board Approves €12.9 Billion Stand-By Arrangement for Romania, IMF Press Release No. 09/148, May 4.

IMF(2009) Perspectives économiques régionales: EUROPE. Comment affronter la crise?, IMF, New York, May.

IMF(2009) Romania Gets Support from IMF to Counter Crisis, IMF Survey, May.

IMF(2009) World Economic Outlook (WEO) - Crisis and Recovery, IMF, April.

Minsky H. (1994), Business Cycles in Capitalist Economies, MIJCF.

Niculescu N.G., Adumitrăcesei I.D. (2009) Cod Roşu: Criză economică globală (2009-20...?), Editura Junimea, Iaşi.

OCDE (2009) Les principes directeurs de l’OCDE a l’intention des entreprises multinationales, Editions OCDE.

UN (2009) World Economic Situation and Prospects 2009, United Nations – DESA.