Inherent inefficiencies of the financial system in Romania

Andrei Stanculescu

Theoretical and Applied Economics, 2019, vol. XXVI, issue Special, 53-60

Abstract: The financial system is a very broad concept, which summarizes the forms of financial relationships that exist between economic agents in a certain territory, namely a country or a state. From a broader point of view, the financial system may be defined as a totality phenomenon, consisting of: financial funds, monetary flows, public budgets, financial instruments, etc. How this totality actually functions in a certain country, be it Romania, may be studied by the observable effects on the economy, which are positive or negative, and eventually influence the general welfare. This paper brings arguments and emphasizes many of the effects of the financial system in Romania, by showing facts that prove this specific financial system is working inefficiently.

Keywords: financial relationship; taxes; government expenditure; debt; cash-flow. (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxvi:y:2019:i:special:p:53-60

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