Theoretical and Applied Economics
No. 12 / 2012 (577)
Consequences and possible solutions of financial crisis
The Bucharest University of Economic Studies
Silvia Elena IACOB
The Bucharest University of Economic Studies
Abstract. Financial crisis do not end overnight, but it takes some time until all effects disappear. Most of the time, the period in which the consequences of financial crisis manifest is characterized by: persistent and deep collapses of stock market, deep cuts in production and employment and explosions of government debt whose main cause is, actually, the inevitable fall of tax revenue suffered by the State as a result of deep and prolonged output contractions in the economy.
Thus, in this article we want to analyze the main consequences of the financial crisis and possible solutions offered by international institutions, especially monetary and fiscal policy decisions.
Contents
Proposal for the implementation of a fiscal rule system for Romania. Estimate for the reaction of the fiscal rule system to the output’s shocks
Aspects of signaling hazards and of identifying opportunities in crisis situations
The lessons of the crisis on pension funds portfolio management
The effectiveness of public policies and structural funds in enhancing tourism development. The case of Romania
Some considerations regarding the use of the fix and chained basis indices
Cultural heritage evaluation: a reappraisal of some critical concepts involved
Romanian government bond market
Aspects regarding the analysis of the rationality of the buying decision of the Romanian consumer
The influence of cluster type economic agglomerations on the entrepreneurship, in Romania
Controversies concerning the connection higher education – human capital – competitiveness
Consequences and possible solutions of financial crisis