Proceedings of the 3rd Economics & Finance Conference, Rome

THE MICROECONOMICS COMPLEXITY DERIVATIVES : FINANCIAL CRISIS PARADIGMS IN ROMANIA

HOSNEY (HARRY) ZURUB, ADRIANA GRIGORESCU, ALEXANDRU COSMIN IONESCU, NATALIA BOB

Abstract:

An economic financial crisis is defined as a complex process whose characterization requires a systemic approach. The complexity lies, first of all, in the field of economic and social context of the continence both globally and regionally and nationally. Secondly, the research processes utilize a large volume of methods and indicators to facilitate addressing the factors that triggered the crisis, and maintain its State, these are necessary to the eradication of crisis and resuming the economic growth. The present work aims to reveal a scientific construction of complexity based on rules and paradigms used in analysis of quotations Exchange which enable to provide solutions and ways out of the economic financial crisis. we build our model based on several indicators as the development in the harmonised index of consumer prices of Romania (ICPS), and compared the results to the moving average of the same 12-month index and correlated it to growth rate for the period 2009 till 2015 and establish a projection to 2015. After we started to study the impact of currency exchange as paradigm playing a role on contributing to the crisis with the help of identify the currency pressure indicator which calculates the additive in the form of a weighted rate computed according to the relationship between the exchange rate Dynamics (CS), interest on loans growth rate (r) and dynamics (res) international reserves to get a closer look on how Romanian national Bank perform in such conditions and if there politics succeeded to make difference in holding out the great rescission.

Keywords: Microeconomic complexity ,Economic crisis, paradigm, financial regulation, economic cycle, stability

PDF: Download