Theoretical and Applied Economics
No. 1 / 2016 (606), Spring
Sovereign debt crisis. From challenges to solutions
Bucharest University of Economic Studies, Romania
Andrei GIURESCU
Bucharest University of Economic Studies, Romania
Abstract. Starting with 2007, the European Union felt the international financial crisis within the strong and the weak economies and finances of the member states. In 2008 and 2009 it sees the problem of sovereign debt crisis, although there is a strong link between the financial crisis and the sovereign debt crisis throughout economic history. The main objectives were the actions of central banks, particularly the European Central Bank in response to the economic and financial crisis. But, in 2010, after a slow recovery, the sovereign debt crisis installed, bringing in the weaknesses of Economic Monetary Union. This paper presents an analysis of the sovereign debt crisis in European Union, focusing on the causes of the sovereign debt crisis, ways of transmission, its evolution and not least on solutions that can be found.
Keywords: sovereign debt, cause-effect, spillover, euro area.
Contents
- Female entrepreneurial activity in Romania
Annamária DÉZSI-BENYOVSZKI
Tünde Petra SZABÓ
Ágnes NAGY
- Analysis of the causal link between wages
and prices in UK
Adriatik HOXHA
- Assessing the regional development degree – step one: Calibrating the polar diagram
Cătălin Daniel DUMITRICĂ
Teodora I. BIŢOIU
Dragoş DINCĂ
- The relationship between output and asset prices:
A time – and frequency – varying approach
Chi-Wei SU
Zong-Liang YAO
Hsu-Ling CHANG
- Territorial patterns of development
in the European Union
Mădălina AVRAM
Constantin POSTOIU
- Nexus between defense expenditure and economic growth
in BRIC economies: An empirical investigation
Devi Prasad DASH
Debi Prasad BAL
Manoranjan SAHOO
- Efficiency, non-linearity and chaos: evidences from BRICS
foreign exchange markets
Anoop S. KUMAR
Bandi KAMAIAH
- A theoretical examination of tax evasion
among the self-employed
Dennis BARBER III
- Long-term effects of the investments dynamics in Romania
in the post-accession period – a regional approach
Anca DACHIN
Georgiana MORARU
- A utility based theoretical model
for the income-life expectancy curve
Kaan ÖĞÜT
Çağlar YURTSEVEN
- Essentials aspects on macroeconomic variables
and their correlations
Constantin ANGHELACHE
Alexandru MANOLE
Mădălina Gabriela ANGHEL
Aurelian DIACONU
- Macroeconomic strategies for the prevention
of economic and financial crisis
Cătălin-Emilian HUIDUMAC-PETRESCU
Alexandru Cătălin POPA
- Does tourism affect economic growth in Indian states?
Evidence from panel ARDL model
Lingaraj MALLICK
Ummalla MALLESH
Jaganath BEHERA
- Sovereign debt crisis.
From challenges to solutions
Elena Raluca MOISESCU (DUICAN)
Andrei GIURESCU
- International trade and tourism for Mediterranean countries:
A panel causality analysis
Ceyhun Can OZCAN
- Economic freedom index and stock returns in Malaysia
Devinaga RASIAH
Tay Lee YING
Sakiru Adebola SOLARIN
- How budget deficit and current account deficit
are interrelated in Indian economy
U.J. BANDAY
Ranjan ANEJA
- Study regarding the influence of the endogenous
and exogenous factors on credit institution’s return on assets
Maria-Daciana RODEAN (COZMA)
Nicolae BALTEŞ