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The Economic Crises of the Last Two Decades - Ignored Warnings

Author

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  • Gina Ioan

    (Danubius University of Galati, Department of Economics)

Abstract

Analyzing the evolution of emerging economies, with their openness to foreign investments and increasing country risk, there is in the same time a high degree of international spread of crises. Unsustainable macroeconomic policies, the fragile financial system and disorderly capital account liberalization are factors that have contributed to facilitate rapid propagation of crisis on these economies through various channels.

Suggested Citation

  • Gina Ioan, 2012. "The Economic Crises of the Last Two Decades - Ignored Warnings," EuroEconomica, Danubius University of Galati, issue 2(31), pages 23-29, May.
    • Handle: RePEc:dug:journl:y:2012:i:2:p:23-29
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/1296/1151
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    References listed on IDEAS

    as
    1. Roberto Chang & Andrés Velasco, 2000. "Liquidity Crises in Emerging Markets: Theory and Policy," NBER Chapters, in: NBER Macroeconomics Annual 1999, Volume 14, pages 11-78, National Bureau of Economic Research, Inc.
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    5. Maurice Obstfeld, 1994. "The Logic of Currency Crises," NBER Working Papers 4640, National Bureau of Economic Research, Inc.
    6. Roberto Chang & Andrés Velasco, 2000. "Liquidity Crises in Emerging Markets: Theory and Policy," NBER Chapters,in: NBER Macroeconomics Annual 1999, Volume 14, pages 11-78 National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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