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
 
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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
minimize its effects.
Prior Wor
appearance of dist
urbances in o
Results
We can conclu de that th
conditions. Value
Knowing the
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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