The Cyclical Behaviour of Global Economic Crises and Their Strenght

Autor: Simona Moagăr-Poladian
Jazyk: Romanian; Moldavian; Moldovan
Rok vydání: 2010
Předmět:
Zdroj: Revista de Economie Mondială, Vol 2, Iss 2, Pp 59-66 (2010)
Druh dokumentu: article
ISSN: 2343-9521
Popis: In the last 40 years, the world crises have become more and more intensely and serious. The decoupling phenomenon between the financial flows and commodities flows has shown the political factors involvement in international monetary flows, reflected first of all by the increasing military expenses in the contemporary world economy. The petroleum shocks from ‘74-‘75 years had generated monetary flows of petrodollars that accentuated the international financial assumptions. The financial movements have overlapped to a less currency utilisation in the material trade owing to the fact that the consistent dropping of the world trade stimulated trade by swap. The unbalanced distribution of the international financial liquidities, the chronical disequilibrium of current account balance, approval of high rate of exchange rate volatility and multiple currency approvals explain somewhat the differing economic growth on the world level.
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