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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
Romania’s external position continues to improve. Inflation peaked in December 2010, and is now likely to decline …
Persistent link: https://www.econbiz.de/10014401175
This paper examines Romania’s external stability risks. Recent Romanian data indicate high increases in real wages, not … matched by comparable productivity gains. Both the government and the National Bank of Romania (NBR) have highlighted the …
Persistent link: https://www.econbiz.de/10014401548
The staff report for the 2008 Article IV Consultation of Romania reviews the issues to tighten fiscal policy, putting …, underpinned by massive capital inflows. Executive Directors observed that large capital inflows related to Romania’s accession to …
Persistent link: https://www.econbiz.de/10014401549
Economic growth finally turned positive, but further recovery will be delayed, as fiscal austerity measures and recent floods will weigh on domestic demand. The macroeconomic outlook has weakened and continues to be subject to exceptional uncertainties. With the enactment of the ambitious...
Persistent link: https://www.econbiz.de/10014402012
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/10014402128
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