THE FINANCIAL-MONETARY POLICY OF THE EUROPEAN UNION TOWARDS ROMANIA

Dumitru Alexandru Bodislav, Florina Bran (), Sorin Petrica Angheluta () and Ghenadie Ciobanu ()
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Florina Bran: Bucharest University of Economic Studies, Romania
Sorin Petrica Angheluta: Bucharest University of Economic Studies, Romania
Ghenadie Ciobanu: INCSMPS Bucharest, Romania

Proceedings of Administration and Public Management International Conference, 2020, vol. 16, issue 1, 128-131

Abstract: Monetary policy is that component of economic policy, aimed at influencing the money supply and lending conditions, and the institution responsible for achieving this objective is the Central Bank. The main goal, the ultimate goal of monetary policy is, in the economy of any country, price stability. Price stability means avoiding inflation and prolonged deflation without negatively influencing other branches of the state economy. Regarding the convergence criteria, it is desired to increase the annual harmonized index of consumer prices below the 2% threshold for the euro area. The purpose of this article is to present the financial-monetary policy of the European Union towards Romania as well as the perspectives on future policies, knowing that a possible renunciation of its own currency, practically the only markets left for adjustments would be the labor market, the goods market and fiscal policy, thus there is a risk that in the absence of control over changes in interest rates and exchange rates.

Keywords: financiar-monetary policy; European Union; Romania (search for similar items in EconPapers)
Date: 2020
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