IDEAS home Printed from https://ideas.repec.org/a/ris/sphecs/0153.html
   My bibliography  Save this article

The Economic And Financial Crisis. The Euro Area

Author

Listed:
  • CHIRIMBU, Sebastian

    (Department of Specialized Languages, Spiru Haret University)

  • BURDA, Alexandru

    (“Dimitrie Cantemir” Christian University, Bucharest)

Abstract

The article proposes an analysis of some European financial markets on the background of the recent crisis, markets that have become very alarmed by the increase of the Euro States' budget deficits and the possible entry of some of them in a situation of not being able to pay rates on debts contracted by the Government. Such imbalances can be avoided in general either by a correct evaluation or by a controlled devaluation of national currencies, or by means of the exchange rates of various currencies. However, in the Euro area, this is not possible due to the very existence of a single currency, a context in which the authors suggest the use of alternative solutions.

Suggested Citation

  • CHIRIMBU, Sebastian & BURDA, Alexandru, 2011. "The Economic And Financial Crisis. The Euro Area," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 2(4), pages 47-54.
    • Handle: RePEc:ris:sphecs:0153
    as

    Download full text from publisher

    File URL: http://anale-economie.spiruharet.ro/en/wp-content/uploads/2014/03/4_ChirimbuBurda.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    economic crises; euro; sovereign debt problems;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

    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:ris:sphecs:0153. 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: Aurelian A BONDREA or Constantin Mecu (email available below). General contact details of provider: https://edirc.repec.org/data/ffuspro.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.