FINANCIAL INSTABILITY IN ROMANIA

Ionescu Cristian ()
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Ionescu Cristian: Academy of Economic Studies Bucharest

Management Strategies Journal, 2014, vol. 26, issue 4, 243-254

Abstract: The aim of this paper is to empirically study the concept of financial stability in Romania, from both a monetary policy perspective and a financial perspective. In this paper, I also compute an aggregate index of financial stability, for the period 2008-2013, explaining the correlations between several extremely important macroeconomic and sectorial variables and financial stability. The article also debates the aspect of policy instruments that aim to promote, highlighting the undertaken measures and also giving some measures recommendations, pointing out the main pillars: crises management; cross-sectoral challenges; banking sector; securities markets and capital markets; insurance sector; pensions sector; access to financial services.

Keywords: financial stability; aggregate index of financial stability; policy instruments (search for similar items in EconPapers)
JEL-codes: E42 E44 E52 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:26:y:2014:i:4:p:243-254

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