AMBIENTUM BIOETHICA BIOLOGIA CHEMIA DIGITALIA DRAMATICA EDUCATIO ARTIS GYMNAST. ENGINEERING EPHEMERIDES EUROPAEA GEOGRAPHIA GEOLOGIA HISTORIA HISTORIA ARTIUM INFORMATICA IURISPRUDENTIA MATHEMATICA MUSICA NEGOTIA OECONOMICA PHILOLOGIA PHILOSOPHIA PHYSICA POLITICA PSYCHOLOGIA-PAEDAGOGIA SOCIOLOGIA THEOLOGIA CATHOLICA THEOLOGIA CATHOLICA LATIN THEOLOGIA GR.-CATH. VARAD THEOLOGIA ORTHODOXA THEOLOGIA REF. TRANSYLVAN
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Rezumat articol ediţie STUDIA UNIVERSITATIS BABEŞ-BOLYAI În partea de jos este prezentat rezumatul articolului selectat. Pentru revenire la cuprinsul ediţiei din care face parte acest articol, se accesează linkul din titlu. Pentru vizualizarea tuturor articolelor din arhivă la care este autor/coautor unul din autorii de mai jos, se accesează linkul din numele autorului. |
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STUDIA OECONOMICA - Ediţia nr.2 din 2007 | |||||||
Articol: |
CRIZE FINANCIARE: LECŢII PENTRU EUROPA / FINANCIAL CRISES: LESSONS FOR EUROPE. Autori: . |
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Rezumat: This paper examines recent financial crisis transmission mechanisms to establish the nature of crisis drivers and to draw some lessons from past experience. After reviewing the economic concepts underpinning crises, a number of historical case study crises are analysed, focusing thereafter on the current Subprime Mortgage Financial Crisis. The paper generalises fundamental causes of financial crises over the last century, such as the greater complexity of the global financial environment, increasingly rapid and widespread contagion, poor monetary governance structures, the lax lending and investment behaviour of banks, and the financial naiveté of investors and borrowers. Lessons for European economic agents include the necessity for governments to maintain open, transparent and flexible monetary relations, the imperative for proactive international central banking, the need for a review of the banking business model, and the importance of investor education. Keywords: financial crises, subprime mortgages, contagion, central banks |
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