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The Current Economic Crisis And Its Implications On The World Economy

Author

Listed:
  • Ion Ignat

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration , Iasi, Romania)

  • Mihaela Ifrim

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration , Iasi, Romania)

Abstract

The evolution of the world economy is a sinuous one, periods of prosperity and economic growth alternating with decline and recessions. Despite the acceptance of this reality, the outbreak of eco-nomic crises as turning points in economic activity, always raise questions that have been given various answers. In recent decades the world economy experienced a series of severe financial and banking crisis, which through growing interdependences between countries had seriously put into dis-cussion the global stability. However, the current economic crisis is by far the most serious in the light of both its amplitude, but mainly by the negative effects on the world economy.

Suggested Citation

  • Ion Ignat & Mihaela Ifrim, 2010. "The Current Economic Crisis And Its Implications On The World Economy," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 2010, pages 233-242, july.
    • Handle: RePEc:aic:journl:y:2010:v:se:p:233-242
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    More about this item

    Keywords

    Economic crisis; housing credit; monetary expansion; world economy.;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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