The reaction of the U.S. and the European Monetary Union to recent global financial crises

Tadeusz Kowalski , Yochanan Shachmurove


This paper analyzes the responses of the United States and the economies of the Economic and Monetary Union (EMU) to the financial and economic crisis of 2008–2009. The crisis illuminates the fundamental structural problems within the EMU, the European Union and the United States and the scale and scope of interconnections among the world economy. The paper focuses on the reactions of the real sector to the financial disturbances in these economies. Both comparative static and dynamic methodologies are used in order to appraise the scope and pace of adjustments in response to the global crisis.
Author Tadeusz Kowalski (WGM / KKM)
Tadeusz Kowalski,,
- Department of International Competitiveness
, Yochanan Shachmurove - The City University of New York
Yochanan Shachmurove,,
Journal seriesGlobal Finance Journal, ISSN 1044-0283, (0 pkt)
Issue year2014
Publication size in sheets1
Keywords in EnglishFinancial crisis, International competitiveness, Monetary and fiscal policies, Regulations, European Monetary Union, United States
ASJC Classification2002 Economics and Econometrics; 2003 Finance
Languageen angielski
Score (nominal)5
Score sourcejournalList
ScoreMinisterial score = 0.0, 22-01-2021, ArticleFromJournal
Ministerial score (2013-2016) = 5.0, 22-01-2021, ArticleFromJournal
Publication indicators WoS Citations = 2; Scopus SNIP (Source Normalised Impact per Paper): 2014 = 1.074
Citation count*21 (2021-06-19)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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