Teodora Dimitrova
The way forward after the crisis — achieving development through structural reforms in the EU financial markets
Journal of European Economy, Volume 9, Issue 2, June 2010, pp. 215-223
JEL: G1 | Full text (PDF) |
Teodora Dimitrova
The way forward after the crisis — achieving development through structural reforms in the EU financial markets
Journal of European Economy, Volume 9, Issue 2, June 2010, pp. 215-223
JEL: G1 | Full text (PDF) |
The hard times EU economy is experiencing in the moment soon will inevitable come to its end. Looking ahead, under the assumption of a gradual modest recovery and the absence of the materialisation of major risks, financial market conditions are expected to improve further. In particular, liquidity and funding constraints for banks should continue to ease and risk premia in financial markets should decline further. Lending volumes should eventually turnaround and start to rise, though remaining at modest levels. This will stimulate the economy as a whole and will introduce conditions for stabilizing the financial market and encourage households and corporate to drive successfully the EU towards a well-functioning post-crisis environment.
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Oleksandr Sharov
“Childhood disease” of the leftism in capitalism
Journal of European Economy, Volume 9, Issue 4, December 2010, pp.395-407
JEL: G1, G38 | Full text (PDF) |
The global financial crisis affected not only the world economy but also the economic system as a whole. As is well known, all the problems of market economy should be solved by Adam Smith’s «invisible hand». In addition to the invisible hand of A. Smith, also there is an invisible hand of the Friedmans, which acts in the reverse direction. We proceed from the fact that the Friedmans meant not only corruption. That specific interest implies that the government should save people and corporations who had been economically gambling and gambled away. Anyway, they make pay not those who gambled away, but common tax payers. As a result, the businessmen who dishonestly behaved now can start their gambling again. They forget that the 2008–201… financial crisis was initiated by moral hazard provoked by intervention and «support» of the government. And, accordingly, «the crisis of surplus production» was replaced with «the crisis of surplus financing». Global economy really needs new rules providing for a new role for international and financial institutions. We need the economy «with two hands».
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Inessa Avanesova
Global investment strategies of transnational corporations
Journal of European Economy, Volume 8, Issue 2, June 2009, pp.117-125
JEL: G1, F21 | Full text (PDF) |
In the given article global investment strategies of transnational corporations are examined. The role of transnational corporations as backgrounds for internalization that covers all the areas of human activity is investigated. The impact of the economic crisis upon the behavior of foreign direct investment is studied.
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