A comparative analysis of solutions regarding the current global crisis

Adina Dornean and Vasile Isan
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Vasile Isan: FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, “AL. I. CUZA” UNIVERSITY OF IASI

Anale. Seria Stiinte Economice. Timisoara, 2012, vol. XVIII, 27-35

Abstract: The aim of this paper is to analyze comparatively and critically the solutions adopted on international level by the European Union and also by different countries. In the first part, the paper aims at emphasizing the causes of the global economic and financial crisis and its features, including the contagion effect which manifested. In the second part, we consider the main implications of the global financial turmoil in order to emphasize the serious effects of the crisis. Finally, we analyze the solutions outlined in hard-hit countries in order to limit and counteract its effects, the solutions adopted on international level and also the domestic remedies. For this purpose, we compare the fiscal, monetary and budgetary solutions developed and implemented in countries such as USA, UK, Japan, EU countries and, of course, Romania.

Keywords: financial crisis; global crisis; sub-prime credit; fiscal packages; monetary policy (search for similar items in EconPapers)
JEL-codes: E58 E62 E63 G01 G38 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:tdt:annals:v:xviii:y:2012:p:27-35

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