Purpose – To highlight the key‐role of macroeconomic management in a dysfunctional emerging market economy. Design/methodology/approach – The analysis – focused on the particular case of Romania, where the transition to market economy is underway – relies on two basic hypotheses....

Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...