SUBDUING HIGH INFLATION IN ROMANIA. HOW TO BETTER MONETARY AND EXCHANGE RATE MECHANISMS?

Daniel Daianu () and Radu Vranceanu
Additional contact information
Daniel Daianu: Academy of Economic Studies and Romanian Center for Economic Policies

Journal for Economic Forecasting, 2003, issue 3, 5-36

Abstract: Romanian overall economic performance during the first ten years of transition can be termed so far as disappointing: the country has not been able to deliver steady growth, low unemployment and low inflation. This paper focuses on the effectiveness of monetary mechanisms and policies during this period. Special emphasis is placed on the exchange rate mechanism. The first part of the text develops a short introduction to relevant monetary theory in the transition context. In the second part, we analyze the stylized facts pertaining to the Romanian economy and put forward some weaknesses of its banking system and monetary policies. The conclusion presents a set of recommendations for a reform of the current monetary policy.

Keywords: monetary policy; banking system; exchange rate mechanism; Romania; policy reform (search for similar items in EconPapers)
JEL-codes: E52 E58 G21 (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Subduing High Inflation in Romania. How to Better Monetary and Exchange Rate Mechanisms? (2001)
Working Paper: Subduing High Inflation in Romania: How to Better Monetary and Exchange Rate Mechanisms? (2001)
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:rjr:romjef:v::y:2003:i:3:p:5-36

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).