Acta Universitatis Danubius. Œconomica, Vol 7, No 1 (2011)
General Aspects of the Economical Crisis
Abstract
According to the economic theories, crises does not follow a general model, each of them,
presenting unique aspects, representing actually an accident, generated by specific factors, at a certain
socio-economic and political situation. Like a classification of the crisis we can specify: the crisis of
liquidity in the banking sector, external balance of payments crisis, currency crisis, external debt
crisis and the financial crisis. After we have analyze the causes of the major crisis in XIX-th and XXth
centuries, we broach the principal causes of the actual world crisis. The implications of the crisis in
Est-Europe and in Romania are analyzed from the point of view of these economies vulnerability and
a series of mistakes taken in the governance acts. The theory of State intervention in the adjustment of
economic mechanisms, due to J.M. Keynes, is bring like an argument for exceed the negative effects
of the crisis.
presenting unique aspects, representing actually an accident, generated by specific factors, at a certain
socio-economic and political situation. Like a classification of the crisis we can specify: the crisis of
liquidity in the banking sector, external balance of payments crisis, currency crisis, external debt
crisis and the financial crisis. After we have analyze the causes of the major crisis in XIX-th and XXth
centuries, we broach the principal causes of the actual world crisis. The implications of the crisis in
Est-Europe and in Romania are analyzed from the point of view of these economies vulnerability and
a series of mistakes taken in the governance acts. The theory of State intervention in the adjustment of
economic mechanisms, due to J.M. Keynes, is bring like an argument for exceed the negative effects
of the crisis.
References
Full Text: PDF
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 4.0 International License.
