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Global Economic Crisis. Case Study on the Romanian Financial Market
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Authors:
• Prof. Ph. D. Stelian Stancu, Afiliation: Academy of Economic Studies, Romania
• Ph. D. Candidate Madalina Oana Predescu, Afiliation: Academy of Economic Studies, RomaniaPages:
• 68|72 -
Keywords: economic crisis, global financial system, financial instability, portfolio, return, risk, Markowitz
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Abstract:
The first part of the present paper proposes to study the concept of global financial system and the issues that led to outline its approach frame, as well as what effects could have the actual economic crisis on the global financial system and which are the factors considered to be the causes that generated economic crises in the last few years.Moreover, in this paper we refer to the concept of financial instability, more precise we underline the fact that banks can represent the main financial instability stimulus.In the final part of this paper we analyze the Romanian capital market on the global economic crisis background being emphasized the fact that the effects of this crisis are felt also on our national economy.