The multitude of difficult national problems, of economic, financial, social, cultural nature etc. deepened and intensified in the Member States of the euro area, in the current context of the global financial and economic crisis, have generated, in many states, the emergence and the...

The paper presents the main financial innovations such as: floating-rate notes, adjustable-rate mortgages, financial derivatives, junk bonds, securitization, collateralized debt obligations (CDO). We consider that the CDO are the main responsible for the present financial crisis and this is the...

Effects of the worst crisis since the Great Depression are still being felt throughout the world. While emerging economies have found their way out, due to sound economic fundamentals, developed economies are still struggling. The crisis unfortunately proved the damages caused to real economy by...

The financial crisis of 2007-2008 has brought to light the liquidity problem of the financial system. Trying to solve this challenge, the members of the European Monetary Union were confronted with the sovereign debt crisis, which exacerbated the gravity of the initial situation. This paper...

The financial crisis that began in the United States in 2008 quickly spread across Europe and eventually affected all global economic activity and financial systems.The Arab World was also hit by the global financial crisis, but the impact varied among its countries by the nature and structure...

This paper advances general solutions that should be considered by governments to overcome the financial crisis. The core of this paper focuses on the measures undertaken by the Government Boc and also on the measures proposed by the foreign investors in Romania. The author suggests a number of...

In the following paper we have started from the premises that in the “money-wash” phenomenon analysis, the resulted money circulate in the entire world, through some geographic and institutional channels. Starting from the fiscal paradise characteristics we have accomplished a parallel...

This article aims to study the tax measures taken by the Romanian authorities during the global economic crisis and their impact on the SME sector. The SMEs are essential to the economic recovery; the economic crisis had serious consequences on their number and performance. Global and SMEs’...

The economic crisis triggered in 2007 in the U.S. had reverberations around the world, with serious consequences in the field of economic exchanges and financial, which required a rethinking of economic policy at the global level. The economies of the developed countries and emerging markets...

Globalization of financial markets and growing competition amid investment banks were the main stimuli for financial innovation. This paper aims to present the main implications of financial innovation. As most papers on this subject mainly cover the US market, the current paper distinguishes...