Effects of Global Financial Crisis
Effects of Global Financial Crisis
Author(s): Marian Năstase, Alina Ştefania Creţu, Roberta StanefSubject(s): Supranational / Global Economy, Business Economy / Management, Governance, Economic history, Economic policy, Economic development, Globalization
Published by: EDITURA ASE
Keywords: financial crisis; globalization; consumer wealth; financial markets; corporate governance;
Summary/Abstract: The financial crisis of 2007–2009 has been called the worst financial crisis since the one related to the Great Depression by leading economists, and it contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity. Many causes have been proposed, with varying weight assigned by experts. Both market-based and regulatory solutions have been implemented or are under consideration, while significant risks remain for the world economy.
Journal: Revista de Management Comparat Internațional
- Issue Year: 10/2009
- Issue No: 4
- Page Range: 691-699
- Page Count: 9
- Language: English