The current economic and financial crisis, triggered in July 2007 in the United States, has hit the world economy with an unprecedent force since the Great Depression in the '30’s. Romania, a country with few years of experience in the functioning of the market economy could not avoid the...

The global crisis can be seen as a manifestation of the consequence of errors committed in the past by world states. Through its evolution, it can be defined as an instability and uncertainty particularly pronounced. In crisis situations the world states are in a constant state of turbulence and...

Current economic and financial crisis is considered to be the deepest crisis to date. Some experts believe that the current crisis began following publications in the press about U.S. banks instability, which led to loss of credibility banks, and others believe that bankers are responsible for...

This paper conducts an analysis of the impact of the global economic crisis on the Romanian small and medium enterprises (SMEs) and provides some relevant policy suggestions at the end. First, the paper analyzes the impact of the global economic crisis on the Romanian SMEs, focusing the...

In the absence of appropriate remedial measures, financial instability can cause the collapse of even more financial institutions, problems in the financial system infrastructure and it can ultimately affect all the financial markets. The contagion effect threats to spread internationally and it...

From individual investors to corporations and financial firms, derivatives have been used to hedge against, or speculation, changes in prices, rates, indexes, potential defaults on debts. Without any oversight, derivatives market and especially OTC derivatives rapidly became out of control...

The on-going financial crisis, resulted mariahalep@yahoo.com from increased financial deregulation, easing monetary policy and a blind belief in financial markets’ efficiency and autoregulation, is still haunting the world economies. While the developed ones are still struggling to find...

In this paper we wish to point out that some measures taken by the government to reduce budget deficits in times of economic crisis have the opposite effect, i.e. widening budget deficit. In Romania’s case the measures are focused on increased taxation and reducing public spending instead of...