TITLE

INTERNATIONAL FINANCIAL REPORT STANDARDS (I.F.R.S.) -- REFERENCE MARK APPLICABLE IN ROMANIA AT THE BEGINNING OF THE MILLENNIUM

AUTHOR(S)
Lepadatu, Gheorghe V.
PUB. DATE
November 2009
SOURCE
Metalurgia International;Nov2009 Supplement, Vol. 14, p123
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The propagation of financial crisis is a matter of grate importance if we take a closer look to the present economic situation. It is obvious the immediate effect that the financial crisis had over international capital markets, but the same crisis hit the real economy, moment if not month later. It's a given fact that we can measure the power of contagion by using econometrical models but we don't quite know when the real economy gets in contact with the contagion. The problem is then to compute how much of the initial shock is transmitted to another country and how much time it takes. This article will try to explain the application of the finite volume method in computing the exact moment when the crisis will hit a certain country or region.
ACCESSION #
44784971

 

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