This survey analyses two types of models: 1. models based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking to believe that is self-regulating market, the units would have rational expectations, and the crisis would be a temporary phenomenon caused by exogenous shocks and 2. models based on financial instability hypothesis.

The present article assesses the capacity of modern macroeconomics to offer a convincing explanation of the clusters of errors in business and their recurrence, but the epistemological and theoretical framework of such an approach (holism, empiricism, aggregatism, mechanicism) put it in the impossibility to recognize cyclical phenomena and to systematically identify the causes.

Romania has known in the last 20 years a deindustrialisation process (like other Eastern  European countries) firstly caused by a profound system crisis. And for the same 20 years, Romania seems like is running away from the idea of industrial policy. But there is nothing wrong with having an industrial policy. The EU has one, and is also promoting it through the Europe 2020 Strategy. 

In this study we look at the macroeconomic factors that differentiated ten countries of Central and Eastern Europe with respect to their response to the global crisis of 2008-2010. More precisely, we want to find out why some countries experienced larger GDP declines than others in 2009. We find that previous short term indebtedness and private credit regulation played an important role.

At the beginning of 2010 the prospects for sovereign debt crisis threatened many European nations, including the EU member states – Greece, Spain, Portugal. This generated the appearance of a lack of trust as well as the increase of the risk premiums for treasury bonds issued by the governments of these countries, as well as the increase of CDS prices on the German markets.

The most important channels through which one may achieve technological transfer are the the foreign direct investments, the import of capital goods, parts and components, the licensing contracts, the alliances and collaborations between firms. In this study we try to analyse the importance of these channels for the eastern and western european countries, in the last 10 years.

This article studies the relations between the stock exchanges of Romania, Poland, the Czech Republic and Hungary before and after the start of the crisis in CEE (January 2000-August 2008 and October 2008-September 2010, respectively). The connections among the monthly yields of the main CEE indices are analysed through the Johanssen co-integration test and the Error Correction Model.

In many European companies, if there were in force internal legal provisions and instruments, an important role for mitigating the negative effects of the economic downturn had the work flexibility and using the flexible forms of work, allowing them to avoid the loss of skilled employees. It is also necessary to realize the challenges and risks that accompany the implementation of flexible working.