THE PRESENT ECONOMIC CRISIS: A GLOBAL AND WORLD CRISIS

被引:0
作者
Ignat, Ion [1 ]
Tiganas, Claudiu [1 ]
机构
[1] Alexandru Joan Cuza Univ, Fac Econ & Business Adm, Iasi, Romania
来源
ECONOMIC WORLD DESTINY: CRISIS AND GLOBALIZATION?, SECTION I: GLOBALIZATION AND POST-GLOBALIZATION | 2010年
关键词
economic crisis; credit market; monetary expansion; world economy;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
The present economic crisis is a moment of extreme economic instability beyond the limits which several years ago we considered impossible. Its causes can be found both at micro and macroeconomic level. Being a complex phenomenon, it has generated numerous debates regarding the way it appeared (the decrease in houses' prices, the fall of credit market, the excessive liquidity created by the central banks, excessive saving, the inflationary policy from the beginning of 2000s etc). The first economies affected by the crisis were the developed ones, the ones with a consistent economic growth between 2003-2007. The emergent and the developing economies had different path, the economies in Asia were less affected compared with the ones in Central and Eastern Europe. Step by step, the crisis has become global, affecting all economic sectors and it has spread worldwide, affecting all national economies.
引用
收藏
页码:347 / 353
页数:7
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