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Financial Crises Of The Last Two Decades And The Issues To Be Addressed

Author

Listed:
  • Andrei STOIAN

    (The Academy of Economic Studies, Bucharest, Romania)

  • Radu BECHERESCU

    (The Academy of Economic Studies, Bucharest, Romania)

Abstract

Within the last two decades, the world has seen many financial crises which have spread around the globe and affected both developing and developed countries. Although each had its own particularities, there are some similar patters that stand out, most being related to an over evaluated asset in a country or region and a sharp withdrawal of funds that led to the burst of the crisis. Looking into each of them, there are some common causes and addressing these may help prevent any future financial shocks.

Suggested Citation

  • Andrei STOIAN & Radu BECHERESCU, 2013. "Financial Crises Of The Last Two Decades And The Issues To Be Addressed," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 1, pages 200-211, June.
    • Handle: RePEc:cmj:seapas:y:2013:i:1:stoiana,becherescur
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    References listed on IDEAS

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    Cited by:

    1. Andrei V. STOIAN, 2014. "Measuring The Evolution Of The Financial Globalization," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 273-285, November.

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    More about this item

    Keywords

    Financial crisis; Global imbalances; Asymmetric information; Currency peg;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G01 - Financial Economics - - General - - - Financial Crises

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