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The effects of the housing and real estate market crisis in the united states on the emergent economies – the case of Romania

Author

Listed:
  • Jenica POPESCU
  • Sabin RIZESCU

    (University of Craiova, Romania)

Abstract

Considering the ongoing globalization process Romania simply can not avoid risks coming from the interaction of its own economy with the other ones. More or less, sooner or later, the global credit crunch will affect our country's economy. Our government, through its fiscal policies and BNR, through its monetary policy just simply can not avoid the impact of an international crisis on the Romanian economy. But some of such bad effect could be, at least, diminished by coherent fiscal policies and flexible monetary policies the way that the rest of the economy (not housing related) to remain in quite good shape.

Suggested Citation

  • Jenica POPESCU & Sabin RIZESCU, 2008. "The effects of the housing and real estate market crisis in the united states on the emergent economies – the case of Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(36), pages 628-635, may.
    • Handle: RePEc:aio:aucsse:v:2:y:2008:i:11:p:628-635
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    File URL: http://feaa.ucv.ro/AUCSSE/0036v2-013.pdf
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    More about this item

    Keywords

    assets; collateralized debt obligations (CDO); credit; liquidities.;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • F00 - International Economics - - General - - - General
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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