Financial Crises Between the 20th and 21st Centuries

The economic crisis that hit the world economy in the summer of 2007 is unprecedented in postwareconomic history. Although the current crisis has many features in common with past similarrecession episodes. The crisis has been preoccupied with a long period of rapid credit growth, lowrisk premiums, abundance of liquidity, a strong leverage, rising asset prices and bubbledevelopment in the real estate sector. Economic activity is characterized by cyclicality, withperiods of decline being a normal component of an economic cycle. Crises are not a newphenomenon, but over the last 100 years, due to the acceleration of the pace of economicdevelopment and the enormous advances in technology and communications, the frequency of suchphenomena has increased

Savings in Central Europe

The monetary system is today essential for any economy. The most important components of themonetary system are: money, payment arrangements as well as institutions supporting monetaryflows. The money sign or money is, in principle, a claim, transmissible, arbitrary, with a forced courseand whose essential function is to be able to be exchanged for a certain amount of goods andservices. In society, there are also a number of factors, predominantly of a subjective nature, which candetermine and cause individuals to diminish their consumption expenditures. This is about savingspurpose(saving becomes an end in itself, being considered a means of achieving certain goals) aswell as certain "forced" economies (individuals do not find the desired consumer goods or thedesired quantities and consequently do not have the what they spend their income)

European Fiscal Policy and Taxation System in Italy

The budget of all countries, large or small, developed or developing, are supplied mainly from compulsory levies. Everywhere, so budget revenues is about tax, by compulsory taxes. Collection of these requirements may be: tax (tax on the exact meaning of the word) or para (contributions). It can be seen that the range of fiscal instruments is very wide and, as things stand everywhere, does not seem to stop here. This is because fiscal instruments are less politically risky and more financially profitable. In this regard, the number and size of taxes, there are countries that are part of the so-called tax haven countries and living a true fiscal nightmare

Comparative Analysis of the Social Assistance System in Romania vs. Hungary

The problems of social assistance are addressed and solved within the national framework of each state, social assistance by its nature having an internal character. Social assistance is being restructured and develops according to the existing situation of the population and the local and regional traditions, but it also takes into account the international regulations. According to the provisions of art. 22 of the Universal Declaration of Human Rights states that any person, in his capacity as a member of society, has the right to social security (social protection) and therefore to social assistance; she is entitled to achieve the economic, social and cultural rights indispensable for her dignity and for the free development of her personality through national effort and international collaboration, taking into account the resources of each country