THE POLICY OF THE EXCHANGE RATE PROMOTED BY NATIONAL BANK OF ROMANIA AND ITS IMPLICATIONS UPON THE FINANCIAL STABILITY

Vechiu Camelia (), Enache Elena (), Marin Carmen () and Chifane Cristina ()
Additional contact information
Vechiu Camelia: Constantin Brâncoveanu University, Faculty of Management-Marketing in Economic Affairs, Brăila
Enache Elena: Constantin Brâncoveanu University, Faculty of Management-Marketing in Economic Affairs, Brăila
Marin Carmen: Constantin Brâncoveanu University, Faculty of Management-Marketing in Economic Affairs, Brăila
Chifane Cristina: Constantin Brâncoveanu University, Faculty of Management-Marketing in Economic Affairs, Brăila

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 800-805

Abstract: The more profound world economic crisis has strongly marked the evolution of the Romanian financial system. The size of current account deficit, the relatively high external financing needs and the dependence of the banks on it, the high ratio between loans in foreign currency and deposits in foreign currency made of the Romanian economy, a risky destination for investors. In these conditions, since the end of 2008 and throughout 2009, the government's economic program was focused on reducing the external deficit in both public and private sector, on minimizing the effects of recession, on avoiding a crisis of the exchange rate and on cooling the inflationary pressures.

Keywords: monetary policy; exchange rate; external financing; budget deficit (search for similar items in EconPapers)
JEL-codes: E58 (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://anale.steconomiceuoradea.ro/volume/2010/n2/127.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2010:i:2:p:800-805

Access Statistics for this article

More articles in Annals of Faculty of Economics from University of Oradea, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Catalin ZMOLE ( this e-mail address is bad, please contact ).