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Optimizing the Financial Structure of the State Treasury in Romania

Laurentiu Andrei () and Petre Brezeanu ()

Journal for Economic Forecasting, 2019, issue 2, 180-195

Abstract: The dynamics of financial industry globalization and integration reveals the existence of a direct link between the shocks on international markets and how the financial sector has evolved over the last two decades, towards total liberalization and decoupling from the real economy processes. Crises generate and require rapid intervention responses based on innovation, because innovation is greatly stimulated by situations of difficulty to address either dramatic cost reductions, facilitation of high-income margins or the simultaneous approach to both guidelines. Despite the greatest efforts to achieve rigor and sophistication, it is demonstrated that the applied scientific analysis failed to provide definitive answers to many of the questions involved in the allocation and management of government resources. The analysis aim is to prove that a continuous search should be sustained either to achieve a more advantageous way of operating the Public Treasury in an increasingly globalized space or to assess its ability to adapt to permanently changing circumstances, responding to the challenges of financial innovation.

Keywords: treasury; economic governance; optimization; forecast; prediction (search for similar items in EconPapers)
JEL-codes: E02 E42 E51 E63 F65 G14 G32 H63 H7 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:rjr:romjef:v::y:2019:i:2:p:180-195