Financial Management During the Crisis in European Union and Romania (Report)
Annals of DAAAM & Proceedings 2009, Annual
Annals of DAAAM & Proceedings
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1. INTRODUCTION The world economy is undergoing a period of heightened tensions, which brought to the fore a number of risks that were taking shape as early as 2006, slower growth and asset price corrections. Since the latter half of 2007, financial markets have shown new features, originating in the US sub-prime mortgage market turbulence, the thorniest issues being the significant worsening of investors' risk perception and the decrease in liquidity. In 2008 too, global financial stability faces, even on a larger scale, risk aversion and higher oil, food and commodity prices (The National Statistics Institute, 2007).
- Category: Engineering
- Published: 01 January 2009
- Publisher: DAAAM International Vienna
- Print Length: 7 Pages
- Language: English