A BRIEF ASSESMENT OF THE MONETARY SITUATION IN ROMANIA DURING THE FINANCIAL CRISES AND FACING THE EURO ADOPTION*

Lect. Anca Tănasie Ph.D
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Lect. Anca Tănasie Ph.D: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2010, vol. 1, issue 15S, 11-20

Abstract: What is the lesson this financial crises has taught us, from a monetary perspective? One of the basic causes for this crisis has been abundant liquidity. Another cause has been non-performant loans granted and extended by banks to an unreliable clientele known for not being able to return these debts. Finally, these credits have amplified exponentially without many restrictions all around the globe and have been commercialized at unprecedented volumes. These are, briefly, the causes of the actual financial crises. All these can also be located in the area of monetary economics. From this perspective, the analysis of the effects and efficiency of the monetary policy strategy and instruments is essential. This paper aims to briefly present the efficiency of the monetary policy conduct in Romania. The context of the financial crisis is not the only one affecting the monetary segment of the Romanian economy. Thus, analysis is performed from the perspective of the Euro adoption, of the monetary convergence process and achievements.

Keywords: monetary integration; real convergence; economic crises; monetary policy (search for similar items in EconPapers)
JEL-codes: E50 E52 E58 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2010:i:15s:p:11-20

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