Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168686
Authors: 
Ciutacu, Constantin
Chivu, Luminita
Iorgulescu, Raluca
Year of Publication: 
2009
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 11 [Year:] 2009 [Issue:] Special Number 3 [Pages:] 735-750
Abstract: 
The boom of world trade, the unprecedented openness of domestic markets, regional integration, and the persistence and magnitude of globalisation are as many challenges to the management of the internal balance between revenues and expenditures, both in the context of international, regional, national, and company mechanisms, and for the individual households and consumers. The coexistence of foreign deficits/trade and domestic deficits/ budget at macro level, at the same time with the accumulation of high levels of indebtedness of the states, non-financial corporate entities, and individual households requires, in the context of the present global financial crisis, new theoretical and practical approaches, new institutions, and new policies capable to secure the sustainability of growth, and to diminish the risk of increasingly unpredictable disturbances.
Subjects: 
global financial crisis
deficit management
indebtness rate
net landing and net borrowing
foreign/trade deficit
domestic/budgerary deficit
JEL: 
F34
H63
H74
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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