مجلة التمويل والاستثمار والتنمية المستدامة
Volume 10, Numéro 2, Pages 305-326
2025-12-29

Regional Economic Blocs As An Approach To Preventing And Confronting Global Financial Crises – The Case Of European Union -

Authors : Benregreg Fares . Guettaf Lila .

Abstract

Abstract: This study aims to investigate how regional economic blocs have contributed to the prevention and confrontation to global financial crises. Accordingly, the topic was addressed by defining financial crises and their transmission channels, highlighting the role of regional economic blocs in confronting and preventing these crises, and examining the case of the European Union. The study derives its importance from the importance of the topic of financial crises and regional economic blocs. With the challenges it poses, it leads every time to finding innovative solutions to confront them, and also contributes to illustrate lessons. The study relied on descriptive analytical and quantitative approaches. The study reached several results, maybe the most important of which is that these blocs play an important role in confronting and preventing crises due to the material and human resources they possess. In addition, the European Union succeeded in containing the sovereign debt crisis, but this required a period of time because the various mechanisms were not activated before the crisis. This success was through a number of measures to confront the crisis were taking.

Keywords

Financial crises ; regional economic blocs ; monetary policy ; European Union ; sovereign debt crisis