International Financial Linkages and Business Cycles in the European Area: from Business Economics a Theoretical Business Model to absorb the current crisis

Abstract

The Conference Theme - “Business History: Celebrating the Past; The Future of the Past” - attracts our attention to Business Cycles Theories: this paper investigates the following questions:what kind of cyclical profile does the present crisis of the European Area have?what must be done to restore profitability and durability to the Business System?In both issues the paper tries to find a solution, looking at the Past: because often it is possible to discover in the Past what we need for today and tomorrow.The first section of the paper is dedicated to defining the cyclical profile of the present crisis in the European Area.The second section of the paper focuses on a Theoretical Business Model, a proposal from Business Economics to absorb the current crisis and to restore competitiveness, profitability and durability to the European Business System.