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During the twin crises of 2008–09 Georgia’s foreign exchange reserves have been exposed to a number of external and internal drains. Its exports declined by 21 percent from peak to trough. Bank deposits declined by more than 20 percent in late 2008–early 2009, while deposit dollarization...
Persistent link: https://www.econbiz.de/10014401170
This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia,...
Persistent link: https://www.econbiz.de/10014405573
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
This paper reviews economic developments in Romania during 1990–97. Reforms have been relatively slow since the …
Persistent link: https://www.econbiz.de/10014397200
This Recent Economic Developments and Selected Background Studies paper on Romania provides an overview of key monetary …
Persistent link: https://www.econbiz.de/10014397697
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014398050
Although the economic growth of Romania has resumed, it has boosted downside risks. However, the country has continued …
Persistent link: https://www.econbiz.de/10014398277
Romania’s economy has stabilized and growth is now resuming. The financial program’s objectives include structural …
Persistent link: https://www.econbiz.de/10014398992
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