ROMANIAN ECONOMY IN THE EUROPEAN CRISIS
European economy still faces today, one of the worst economic and financial crisis since the Second World War. Economic and financial crisis has spread worldwide with maximum speed, the economies of all Member States of the European Union encountering serious difficulties, both in the banking system...
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| Format: | Article |
| Language: | English |
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Sciendo
2012-01-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | http://www.uvvg.ro/studiaeconomia/images/2012/p3/16.%20Aurel%20Mihut%20-%20ROMANIAN%20ECONOMY%20IN%20THE%20EUROPEAN%20CRISIS.pdf |
| _version_ | 1818486288944201728 |
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| author | Aurel Mihuţ |
| author_facet | Aurel Mihuţ |
| author_sort | Aurel Mihuţ |
| collection | DOAJ |
| description | European economy still faces today, one of the worst economic and financial crisis since the Second World War. Economic and financial crisis has spread worldwide with maximum speed, the economies of all Member States of the European Union encountering serious difficulties, both in the banking system and real economy. Romanian economic crisis started in 2008 and the uncertain deadline, is a matter of concern for many people. It is true that today we are witnessing the worst crisis in 80 years. We have an official explanation of the crisis, provided by public institutions, that the problem stems from inappropriate behavior of economic agents: selfishness, greed, speculation and market unable to function smoothly, ensuring proper allocation of resources: information asymmetry, liquidity trap , deflation, etc.On the other hand, most researchers, members of the academic, and private sector analysts argue that state intervention just planted seeds of financial turmoil that cross the present. The recipe prescribed by the authorities can result in mitigation of economic difficulties but, in contrary to their aggravation. The economic crisis is the result of several factors, which mainly include monetary policy errors, distorted economic incentives and pathology of the banking and financial regulatory policy.This paper is to highlight what triggered today's crisis in the Romanian economy, hoping to find a remedy to the problems of the economic, social and political that we face. |
| first_indexed | 2024-12-10T16:20:57Z |
| format | Article |
| id | doaj.art-68482506e2c14cfb99718576c3adf056 |
| institution | Directory Open Access Journal |
| issn | 1584-2339 2285-3065 |
| language | English |
| last_indexed | 2024-12-10T16:20:57Z |
| publishDate | 2012-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj.art-68482506e2c14cfb99718576c3adf0562022-12-22T01:41:50ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice1584-23392285-30652012-01-01223116121ROMANIAN ECONOMY IN THE EUROPEAN CRISISAurel MihuţEuropean economy still faces today, one of the worst economic and financial crisis since the Second World War. Economic and financial crisis has spread worldwide with maximum speed, the economies of all Member States of the European Union encountering serious difficulties, both in the banking system and real economy. Romanian economic crisis started in 2008 and the uncertain deadline, is a matter of concern for many people. It is true that today we are witnessing the worst crisis in 80 years. We have an official explanation of the crisis, provided by public institutions, that the problem stems from inappropriate behavior of economic agents: selfishness, greed, speculation and market unable to function smoothly, ensuring proper allocation of resources: information asymmetry, liquidity trap , deflation, etc.On the other hand, most researchers, members of the academic, and private sector analysts argue that state intervention just planted seeds of financial turmoil that cross the present. The recipe prescribed by the authorities can result in mitigation of economic difficulties but, in contrary to their aggravation. The economic crisis is the result of several factors, which mainly include monetary policy errors, distorted economic incentives and pathology of the banking and financial regulatory policy.This paper is to highlight what triggered today's crisis in the Romanian economy, hoping to find a remedy to the problems of the economic, social and political that we face.http://www.uvvg.ro/studiaeconomia/images/2012/p3/16.%20Aurel%20Mihut%20-%20ROMANIAN%20ECONOMY%20IN%20THE%20EUROPEAN%20CRISIS.pdfeconomic crisis – financialeconomic recessioneconomic recoverythe GDPunemployedInternational Monetary FundValue Added Tax. |
| spellingShingle | Aurel Mihuţ ROMANIAN ECONOMY IN THE EUROPEAN CRISIS Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice economic crisis – financial economic recession economic recovery the GDP unemployed International Monetary Fund Value Added Tax. |
| title | ROMANIAN ECONOMY IN THE EUROPEAN CRISIS |
| title_full | ROMANIAN ECONOMY IN THE EUROPEAN CRISIS |
| title_fullStr | ROMANIAN ECONOMY IN THE EUROPEAN CRISIS |
| title_full_unstemmed | ROMANIAN ECONOMY IN THE EUROPEAN CRISIS |
| title_short | ROMANIAN ECONOMY IN THE EUROPEAN CRISIS |
| title_sort | romanian economy in the european crisis |
| topic | economic crisis – financial economic recession economic recovery the GDP unemployed International Monetary Fund Value Added Tax. |
| url | http://www.uvvg.ro/studiaeconomia/images/2012/p3/16.%20Aurel%20Mihut%20-%20ROMANIAN%20ECONOMY%20IN%20THE%20EUROPEAN%20CRISIS.pdf |
| work_keys_str_mv | AT aurelmihut romanianeconomyintheeuropeancrisis |