consequences and possible solutions of financial crisis
;Alexandra ADAM;Silvia Elena IACOB
2019 ieee 6th international conference on industrial engineering and applications, iciea 20192012Vol. XIXpp. 142-148
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adam2012theoreticalconsequences
Abstract
Financial crisis do not end overnight, but it takes some
time until all effects disappear. Most of the time, the period in which the
consequences of financial crisis manifest is characterized by: persistent
and deep collapses of stock market, deep cuts in production and
employment and explosions of government debt whose main cause is,
actually, the inevitable fall of tax revenue suffered by the State as a result
of deep and prolonged output contractions in the economy.
Thus, in this article we want to analyze the main consequences of
the financial crisis and possible solutions offered by international
institutions, especially monetary and fiscal policy decisions.