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The negative effects of international crisis on the real economy and social issues

Author

Listed:
  • Balu, Elena Mariana

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

  • Mladen, Luise

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

Abstract

Financial crisis has an impact on the real economy, especially through the game central banks have tried to restrict loans to finance production, thus contributing to the fall production. The report request offer, economy tries to play through adjust prices on competitive markets. If banks try to adjust production to demand effective application that can be supported by salaries or other income, comes into contradiction with the offer. A difficult economic balance will lead to rising unemployment with increased inflation if we reverse the connection between unemployment and inflation fear employees against the phenomenon of unemployment is more pronounced not only in Romania but also in EU countries.

Suggested Citation

  • Balu, Elena Mariana & Mladen, Luise, 2009. "The negative effects of international crisis on the real economy and social issues," Papers 2009/5, Osterreichish-Rumanischer Akademischer Verein.
    • Handle: RePEc:ris:sphedp:2009_005
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    More about this item

    Keywords

    economic growth; international crisis; the current account deficit; inflation; labor productivity; labor supply and demand;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

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