IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2009i1p87-97.html
   My bibliography  Save this article

The global financial crisis and its macroeconomic impact on the European Union

Author

Listed:
  • András Inotai

Abstract

The financial crisis started in the United States spread over to Europe and, for the first time after 1945, it developed to an overall macroeconomic crisis in the entire developed world. Social and ideological consequences of the deep recession are expected to follow. The article focuses on the impacts of the crisis on the European Union, with special regard to the economic policy answers on nation-state and community levels. It is stressed that the unprecedented challenges represent both a high risk of stopping or fragmenting the integration process and, at the same time, a unique chance to deepen and upgrade the European integration, as a key player of the changing global economic (as well as political and institutional) system. The answers to be given in 2009 will fundamentally shape the future of Europe in general, and that of the European Union, in particular.

Suggested Citation

  • András Inotai, 2009. "The global financial crisis and its macroeconomic impact on the European Union," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 87-97.
    • Handle: RePEc:bas:econst:y:2009:i:1:p:87-97
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=e7b4884b-e874-42fe-8103-6743cc5001f2&articleid=c81f5829-8751-4937-b1ae-bb4d87913ec4#ac81f5829-8751-4937-b1ae-bb4d87913ec4
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2009:i:1:p:87-97. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.