Dealing with the Challenges of Capital Inflows: The case of Romania

Diana Sadoveanu ()
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Diana Sadoveanu: Alexandra Ion Cuza University

A chapter in Proceedings of FIKUSZ '12, 2012, pp 81-90 from Óbuda University, Keleti Faculty of Business and Management

Abstract: In the context of the global financial crisis, many emerging countries experienced a significant degree of volatility in the foreign capital inflows. Sudden stops of capital inflows and increases in risk premia caused significant negative consequences to their economies. In this paper was examined the Romanian case. Were identified the main challenges which had been brought by the massive capital inflows to real and financial sectors of domestic economy and were examined policy-makers responses to maintain macroeconomic and financial stability of the country.

Keywords: capital flows; liberalization; real exchange rate; inflation; macroeconomic stability (search for similar items in EconPapers)
JEL-codes: M31 M37 (search for similar items in EconPapers)
Date: 2012
ISBN: 978-615-5018-47-3
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