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The current financial crisis revisited. Causes and remedies

Author(s): Liliana Eva Donath | Laura Mariana Cismas

Journal: The Romanian Economic Journal
ISSN 1454-4296

Volume: XII;
Issue: 31;
Start page: 85;
Date: 2009;
Original page

Keywords: crisis | financial markets | vulnerabilities | credibility

The present financial crisis is the outburst of tensions accumulated in time in the banking and financial systems. Though its causes resemble past crisis it has certain characteristics that demand a new approach. The high contagion effects as well as the implications on the real economy need different solutions from those used in the past. The paper tempts to identify the main causes and possible remediesin order to stabilize the markets and induce economic growth.
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