Acta Oeconomica
Volume/Issue:
Volume 60: Issue 1
The global economic crises: Impacts on Eastern Europe
Author: P. Marer 1
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  • 1 CEU Business School Frankel Leó u 30-34 H-1023 Budapest Hungary
DOI:
https://doi.org/10.1556/aoecon.60.2010.1.2
Pages:
3–33
Publication Date:
01 Mar 2010
Online Publication Date:
12 May 2010
Article Category:
Research Article
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The global crisis of 2007–2009 can be viewed as three interdependent and mutually reinforcing crises: a financial crisis, a liquidity crisis, and a crisis in the real economy. The ten East European countries that are now EU members were hit first by the global liquidity crisis, then by dramatic declines in capital inflows and plunging demand for their exports. Different impacts among the ten are explained by such factors as their exchange rate regimes, the extent to which households found it advantageous to rely on foreign-currency loans and the appropriateness of fiscal and monetary policies prior to the crisis. Since Western Europe’s recovery and growth are likely to be slow, in the future East European countries will have to rely relatively more on internally-generated sources of productivity growth and enhanced global competitiveness.

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Cover Acta Oeconomica
Acta Oeconomica Periodical of the Hungarian Academy of Sciences
Print ISSN:
0001-6373
Online ISSN:
1588-2659
Keywords:
East Europe; Hungary; financial crisis; liquidity crisis; growth strategy; exchange rate regimes; credit default swap; panic risk premiums; foreign currency loans; G01; G15; G21
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  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • Gábor Kézdi / University of Michigan
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

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  • Kolodko, Grzegorz
  • Mau, Vladimir
  • Messerlin, Patrick A
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Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

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2020  
Total Cites 275
WoS
Journal
Impact Factor		 0,875
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without
Journal Self Cites
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Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
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2019  
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WoS		 212
Impact Factor 0,914
Impact Factor
without
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5 Year
Impact Factor		 0,650
Immediacy
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Citable
Items		 45
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Cited
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Scopus
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Scopus
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Scopus
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Acta Oeconomica
Language English
Size B5
Year of
Foundation		 1966
Publication
Programme		 2021 Volume 71
Volumes
per Year		 1
Issues
per Year		 4
Founder Magyar Tudományos Akadémia
Founder's
Address		 H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
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ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

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