KEY ISSUES Background: Romania has in large part reduced internal and external imbalances through sound macroeconomic … faster growth. At the same time, Romania remains vulnerable to external shocks and the repair of balance sheets is not yet …

, with risks to the outlook mostly on the downside. With strong trade and financial sector linkages, Romania is exposed to …

Nonobservance of Performance Criteria. Continued strong fiscal consolidation would enable Romania to exit the EU Excessive Deficit …. Market sentiment toward Romania improved as political uncertainty subsided in the aftermath of the December 2012 …

, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers …. However, Romania remains vulnerable to external shocks, in particular uncertainties in the euro area as well as global …

This 2004 Article IV Consultation on Romania highlights commendable progress under its home-grown IMF-supported program …

This paper on Romania was prepared by a staff team of the International Monetary Fund as background documentation for … the views of the government of Romania or the Executive Board of the IMF. …

Romania. Efforts are needed to strengthen monetary policy transmission. The banking system remains well capitalized, but the …

studies (Latvia, Lithuania, Montenegro, Poland, and Romania). Our results of the panel data analysis indicate that supply …