期刊名称：Petroleum-Gas University of Ploiesti Bulletin : Economic Sciences Series
印刷版ISSN：2284-8576
电子版ISSN：2247-8582
出版年度：2009
期号：1
页码：42-49
出版社：Petroleum-Gas University of Ploiesti
摘要：The current crisis was in many respects predictible. The long-termed and strong economic developmentall over the world, the increase in capital flows, against the background of stable prices and financialsystem, all these have encouraged the participants on the market to take greater risks to achieve greaterefficiency, without observing risk management practices and cautious approaches. Low standards asregards supervising the financial institutions have damaged the visibility of the faulty risk managementprocedures, and the new financial products which have been complez and not very well understood bymost investors have created false expectations for possible earnings. As a result, the vulnerable pointswithin the financial system have increased and all the described developments have resulted into thegreatest crisis ever known by global economy, although there have been serious debates as regards themost appropriate moment when action should be taken in case the 'bubbles' phenomenon becomesnoticeable down the market
