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- Title
THE CURRENCY CRISIS TRIGGER OF THE ROMANIAN FINANCIAL CRISIS OF 2008.
- Authors
SOVIANI, Radu
- Abstract
This paper analyses the ways the financial crisis started to manifest into the Romanian Financial System, through the exchange rate channel. The focus of this Paper is on how the Romanian decision makers contributed in triggering the financial crisis (that would have been triggered anyway). The paper will determine the trigger (the first obvious event) for the Romanian Financial Crisis (the debut) and it will prove that the consequences of this trigger could have been anticipated - it is in line with similar triggers for the debut in other currency crises. Therefore, one of the main conclusions of this paper is that while a global crisis starts to manifest the local economy should limit the exuberance of the decision makers in order to smooth the effects of the crisis.
- Subjects
FINANCIAL crises; FOREIGN exchange rates; CURRENCY crises; MONEY; CURRENCY question
- Publication
Financial Studies, 2014, Vol 18, Issue 2, p8
- ISSN
2066-6071
- Publication type
Article