External Debt of Romania

Catalin Dragoi ()
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Catalin Dragoi: “Victor Slăvescu†, Centre for Financial and Monetary Research, Bucharest, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 1, 863-872

Abstract: External loans, badly used, don’t help the economic development of a country but can have as negative effects the disturbance of the activities in the economy, the reduction of the access to external loans, the flight of the capitals, the diminution of the internal economies and implicitly the economic decrease. Therefore, at the level of each country, solid institutions are needed that can manage the external debt so as to minimize the risk of crises, in order to avoid the increase of external taxation or the need for a rapid increase of the external debt. External debt management has repercussions in economic policy, specifically monetary and budgetary policies and foreign exchange, trade, and decide the volume of external loans that need to be contracted. The aim of the paper is to analyze level and structure of Romania’s debt and to reveal those methods of external debt management which bring economic benefits to our country.

Keywords: public debt; external debt; debt management (search for similar items in EconPapers)
JEL-codes: E62 H62 H63 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:863-872

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