The Spreading of Financial Crisis: Effect of Investor Behavior or of Economic Channels
| Author | Ruxandra Vilag, Dragos Ungureanu, George Ionescu, M. Rizea |
| Pages | 451-459 |
The
Spreading of Fin
Vilag Ruxandra
1
1
Romanian-
American University
Financial Banki
2
The Bucharest Academy
3
Romanian-
American University
Financial Ba
Abstract: Objectives It’s
very i
financial crisis. Once these fact
minimize its effects.
Prior Wor
extremely disturbing phenomena
will be connected. But what i s th
appearance of dist
urbances in o
comparing the economy and fin
Results
We can conclu de that th
the real economy effects are felt
important to follow their expe
conditions. Value
Knowing the
know what steps must be taken s
reduced.
Keywords: financial crisis;
inves
1. Introduction
Tolstoy observed that "Every fam
own way." Paraphrasing we cou
distinctive features.” There are h
financial crises.
An international financial crisis is
that should not occur in a closed
that weak internal features can pla
Performan
ce and Risks in the
Financial Crisis: Effect of Investor Beh
Economic Channels
1
, Ungureanu Dragos
2
, Ionescu George
3
, Rizea
sity Bucharest, Faculty of
Domestic and Internation
nking Relations,
vilag.ruxandra.dana@profesor.rau
my of Economic Studies, International Business and
dragos.ungureanu@yahoo.com
sity Buchare
st, Faculty of
Domestic and Internation
Banking Relations
,
george.ionescu@profesor.rau.ro
4
“Lucian Blaga” University Sibiu
y important to quantify the influence of various factors in th
actors can be determined we can attempt to stop this phenom
ork
Previous studies have shown that t
he phenomenon of glo
na quickly transmitted from one market to another, provided t
s the explanation when countries not li nked in any way react in
one of the country?
Approach
We stu dy the phenomenon
financial market evolution, in Romania, during t he last globa
t the Romanian market actu
ally reacts t o the behavior of inve
felt much later and/or have a weaker in tensity.
Implications
pectations of the market e volution much more than the c
he influence of various factors in the evolution of financial
n so that
these crises
will not be felt in the real economy or th
vestor behavior
; linkages
amily is happy just the same. But each unhappy fam
ould say that "Every financial crisis is different a
e however some elements that are common to many
s is a substantial worsening of the international situ
sed
economy. By this definition, is not underestim
play in triggering a crisis.
the European Economy
451
ehavior or of
izea M.
4
ional Commercial and
rau.ro
and Economics,
tional Commercial and
u.ro
the development of
nomenon or at least
globalization makes
d that these markets
t in same way at th e
on of contagion by
obal financial crisis.
vestors while the in
ns
For investors it’s
e current eco
nomic
ial markets we will
their impact will be
family is unhappy in its
t and involves its own
any emerging markets’
ituation, an impairment
timating the major role
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