Historical Highlights of the Capital Flows Evolution in the Romanian Economy

Cristina Duhnea

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1386-1391

Abstract: In the last few decades everyone agreed that capital inflows benefit the recipient countries, contributing effectively to economic growth and sustaining the investments in the real economy with long term positive effects but in the same time it was observed that the import of capital represents an import of risk, and this risk tend to growth exponentially in time of crisis. The analysis developed in this work has a start point in the vast existing literature trying to explain what drives the capital flows especially into and from the emerging countries. This paper discusses Romania's experience regarding the financial flows, the evolution and the changes in the profile of capital flows to and from Romania. The conclusions include aspects of the financial integration’s growing impact on capital flows and level of capital flows in time of crisis in the Romanian economy.

Keywords: capital flows; Romania; foreign direct investments; portfolio investments; others investments (search for similar items in EconPapers)
JEL-codes: E22 E44 E58 G01 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1386-1391

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