Showing 1 - 10 of 89
We identify different sources of risk as important determinants of banks'' corporate structures when expanding into new markets. Subsidiary-based corporate structures benefit from greater protection against economic risk because of affiliate-level limited liability, but are more exposed to the...
Persistent link: https://www.econbiz.de/10014404312
As an European Union (EU) Member State, Romania is subject and aligned to the EU common regulatory framework for … stronger prudential regulation. Given that a large part of Romania's banking system is owned by Eurozone banks, the Single … Supervisory Mechanism (SSM), as the home supervisor for Eurozone banks, is a key partner of the National Bank of Romania (NBR …
Persistent link: https://www.econbiz.de/10012645492
The comprehensive program supported by the IMF, the European Union, and the World Bank has helped Romania in … performance of Romania under the program and approved a waiver to maintain the reform momentum and provide additional security …
Persistent link: https://www.econbiz.de/10014402309
Romania has made significant progress in stabilization and reform. Executive Directors welcomed this development, and …
Persistent link: https://www.econbiz.de/10014402324
Romania’s GDP growth averaged more than 61⁄2 percent per year from 2003 to 2008, as foreign direct investment and … capital inflows helped finance high consumption and investment growth. The staff report for Romania’s request for a Stand … western European economies. The rapid increase in borrowing that fueled the boom left Romania highly exposed to global …
Persistent link: https://www.econbiz.de/10014404358
The 2007 Article IV Consultation explains Romania’s fiscal and income policies and financial sector issues. The …
Persistent link: https://www.econbiz.de/10014404494
The growth outlook remains weak and uncertain. Romania’s decision to rely primarily on expenditure cuts to close the …
Persistent link: https://www.econbiz.de/10014404509
This Selected Issues paper discusses Romania’s modeling monetary policy. A simple Forecasting and Policy Analysis … System (FPAS) for Romania has been designed to help in the preparation of the IMF staff’s forecasts and policy assessments. A …
Persistent link: https://www.econbiz.de/10014404740
This Selected Issues paper for Romania reports that the practice of nonpayment and arrears accumulation has been … widespread in Romania. Managers of enterprises that remain in the pipeline for privatization for long periods of time have little …
Persistent link: https://www.econbiz.de/10014404780
Romania’s 2004 Article IV Consultation and Request for Stand-By Arrangement (SBA) are discussed. The authorities have …. Romania has preserved competitiveness, despite the slowdown in depreciation and recently strong domestic demand. Exports … remained the strongest component of aggregate demand and Romania continued to increase market share in its main trading …
Persistent link: https://www.econbiz.de/10014404862