Simona VINEREAN

From Liquidity Crisis to Sovereign Debt Crisis

This paper summarizes the results of empirical research on European Union s evolution in terms of macroeconomic stability in a period in which member countries crossed from a liquidity crisis to a sovereign debt crisis. So, the evolution of the EU member countries is analyzed as the sovereign debt crisis has worsened and has become increasingly dangerous for the stability of the European economy. The research that is the subject of this paper aims to segment the EU member countries according to the degree of macroeconomic stability. Also, this segmentation process is performed according to two indicators that are highly important for macroeconomic stability, namely the sovereign debt, expressed as public debt to GDP, and fiscal and budgetary discipline, expressed by the ratio of budget balance to GDP.
Keywords
JEL ClassificationH63

References

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Author(s)

Simona VINEREAN
Sprint Investify Research Unit

Correspondence

Simona VINEREAN, The Bucharest University of Economic Studies

Article History

Received: October 28, 2013
Accepted: December 20, 2013
Available Online: December 27, 2013

Cite Reference

Vinerean, S., 2013. From Liquidity Crisis to Sovereign Debt Crisis. Expert Journal of Finance, 1(1), pp.19-27

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Article Rights and License

© 2013 The Author. Published by Sprint Investify. ISSN 2359-7712

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