Consequences of the global economic crisis on the Czech economy
Článekpeer-reviewedpublishedDatum publikování
2010
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Vydavatel
Univerzita Pardubice
Abstrakt
This paper studies the ongoing economic crisis and its consequences on the
Czech economy. According to most economists the cause of the contemporary crisis
was the financial crisis which is triggered by a liquidity shortfall in the United States
banking system. It has resulted in the collapse of large financial institutions, the "bail
out" of banks by national governments and downturns in stock markets around the
world. The Czech economy has been severely hit by the global economic and financial
crisis. Massive drop of GDP led to increase in the unemployment rate. After a brief
history of the main events and an analysis of their possible causes the paper focused
on a real economy analysis. In conclusion, a reminder of the challenges is provided
and also some recommendations are suggested.
Rozsah stran
p. 339-351
ISSN
1211 – 555X
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Zdrojový dokument
Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 17 (2/2010)
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Univerzitní knihovna (studovna)
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Klíčová slova
economic crisis, financial crisis, Czech Republic, European Union