Economics, Econometrics and Finance
8 years ago

Global financial crisis exposes flaws in system, calls for urgent reform.

Annals of Faculty of Economics
ASPECTS REGARDING THE CURRENT ECONOMIC CRISIS AND ITS INFLUENCE ON THE FINANCIAL SECTOR
Hetes Roxana, Alexandru Avram

Paper Summary

The recent economic crisis showed that the financial system needs better regulation to handle risks and vulnerabilities. Globalization has both benefits and risks for financial markets. To keep the global financial system stable, reforms are needed at both national and international levels.

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