This paper has like objective to present the main aspects concerning strengthening romanian banks' role in the european funds absorption. So, we organized our paper in two sections: the role of banks in the absorption of EU funds and the impact of the current financial crisis on the proces of...

The current financial crisis seems to be more painful than those occurring in recent decades. This crisis caused a massive decline in the market confidence of both businesses and consumers. The crisis has affected a multitude of economic and financial activities such as financial markets that...

The current economic crisis, deeply globalized, has its source in the major financial turmoil triggered in the U.S. at the end of 2007 and early 2008 because of the unrealistic bubble of the sub –prime loans based mostly on real estate transactions overestimated. That is why we consider...

World economic crisis increases every day, and Romania begins increasingly to feel the economic recession, which economists from major global fail to find the antidote. The question to ask is: Will Romania be able in 2009 to find solutions and resources to remove the country from one of the...

This paper presents the challenges and perspectives of the future evolution of inflation in a changing world characterized by a severe financial crisis. It also analyses the framework of inflation targeting in Romania. Contradictory pressures have challenged ever since the functioning of this...

This paper aims to discusses in a critically manner the crisis and concludes that as far as the developing countries are concerned, a bit more optimism may be warranted. Although without doubt there are particular countries that will be adversely affected, there will also be countries that may...

Five fundamental forces have transformed the structure of financial markets and institutions and reflect the intense competition financial firms face today: deregulation/reregulation, financial innovation, securitization, globalization, and advances in technology. Market participants can choose...

This paper makes a case that the global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both have their origins in economic policies followed in a number of countries in the 2000s and in distortions that influenced the transmission of these policies...

This paper reviews the period leading up to and including the credit disruption of August 2007 and then examines one failed structured finance issue and one investor in that issue. The investor was a financially conservative U.S. state treasury and the issue, Mainsail II, a little-known esoteric...

We present a model of financial market liquidity provided by financially constrained intermediaries. We show that market liquidity increases with the level of intermediary capital. We also characterize conditions under which intermediaries play a stabilizing or destabilizing role in markets....