The paper aims to analyze the European economic scenario and to provide forecasts about the future of the common currency, the euro, at the light of the recent economic and financial crisis. At first, the paper discusses the theoretical background used to explain thecrisis. Then it illustrates...

The paper illustrates how the Government role has recently evolved, specifically focusing on the 2008 financial crisis. First, we analyze the Government responsibilities in triggering the crisis, by bloating the supply of credit. We discuss emerging countries' expansionary monetary policy, in...

Previous studies have tried to make a comparative analysis between the market-oriented system and the mixed governance system on the determinants of stock option awards for managers; however, these studies exhibit some failures that must be overcome. In addition, we note the absence of studies...

The financial crisis has hurt almost all the countries in the world, strengthening the role of the international financial institutions such as the International Monetary Fund (IMF). Given that Romania turned to the IMF to cushion the impact of the crisis, our paper investigates the influence of...

The article is an introduction to the new issue of the Journal. It provides an overview of the current economic and financial situation and summarises the main topics dealt with by the following articles. Retrenchment of public expenditure is once again being called for by international agencies...

After the financial crisis had fully broken out in 2008 there were strong statements about the need for reforms. However, the official EU statements kept a lower profile from the beginning for several reasons. The existing structures and procedures have created a strong path dependency. This...

This article investigates the early signs of the impact of the 2008 crisis on fiscal convergence within the EU area. Over the 2004-2012 period we compare the convergence pattern before and after the crisis by considering the key fiscal aggregates and the main economic and functional components...

With the recent development of the Occupy Movement, public criticism of neoliberalism has climaxed since the onset of a global financial crisis in late 2008. The mobilization of protesters in cities throughout the world was preceded by much speculation in the media and blogosphere over the past...

Financial crisis is a systematically covering upset of financial markets and institutions financial sector, monetary circualtion, international finance, government, municipal and corporate finance. The phenomenon when the financial crisis can be shifted from one organization to another or even...