2011Acta Universitatis Danubius. OEconomicaOpen access

General Aspects of the Economical Crisis

Gina Ioan

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Abstract

According to the economic theories, crises does not follow a general model, each of them,presenting unique aspects, representing actually an accident, generated by specific factors, at a certainsocio-economic and political situation. Like a classification of the crisis we can specify: the crisis ofliquidity in the banking sector, external balance of payments crisis, currency crisis, external debtcrisis and the financial crisis. After we have analyze the causes of the major crisis in XIX-th and XXthcenturies, we broach the principal causes of the actual world crisis. The implications of the crisis inEst-Europe and in Romania are analyzed from the point of view of these economies vulnerability anda series of mistakes taken in the governance acts. The theory of State intervention in the adjustment ofeconomic mechanisms, due to J.M. Keynes, is bring like an argument for exceed the negative effectsof the crisis.

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According to the economic theories, crises does not follow a general model, each of them,presenting unique aspects, representing actually an accident, generated by specific factors, at a certainsocio-economic and political situation. Like a classification of the crisis we can specify: the crisis ofliquidity in the banking sector, external balance of payments crisis, currency crisis, external debtcrisis and the financial crisis. After we have analyze the causes of the major crisis in XIX-th and XXthcenturies, we broach the principal causes of the actual world crisis. The implications of the crisis inEst-Europe and in Romania are analyzed from the point of view of these economies vulnerability anda series of mistakes taken in the governance acts. The theory of State intervention in the adjustment ofeconomic mechanisms, due to J.M. Keynes, is bring like an argument for exceed the negative effectsof the crisis.

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Available abstract

According to the economic theories, crises does not follow a general model, each of them,presenting unique aspects, representing actually an accident, generated by specific factors, at a certainsocio-economic and political situation. Like a classification of the crisis we can specify: the crisis ofliquidity in the banking sector, external balance of payments crisis, currency crisis, external debtcrisis and the financial crisis. After we have analyze the causes of the major crisis in XIX-th and XXthcenturies, we broach the principal causes of the actual world crisis. The implications of the crisis inEst-Europe and in Romania are analyzed from the point of view of these economies vulnerability anda series of mistakes taken in the governance acts. The theory of State intervention in the adjustment ofeconomic mechanisms, due to J.M. Keynes, is bring like an argument for exceed the negative effectsof the crisis.

Key concepts: Balance of payments, Currency crisis, Economics, Debt crisis, Financial crisis, Market liquidity, Principal (computer security), Argument (complex analysis)

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