The choice of the research topic is due to the national challenge, that the entry of our country into the euro area will have mainly positive consequences for the Romanian economy.The article1presents the evolution of the Romanian current account deficit in relation to the European Union. It can...

The European Union (EU) is one of the most successful integration arrangements in the world. However, the disintegration in Europe through Brexit is puzzling. This article aims to clarify this dilemma by addressing the following questions: Was the former French President, de Gaulle, right that...

World trade contracted sharply in late 2008 and early 2009 following the deepening of the financial crisis in September 2008. This paper discusses the main mechanisms behind the global downturn in trade and its impact on euro area exports and competitiveness. It finds that the euro area was hit...

We analyze changes in monetary and regulatory policy on trading relationships in the U.S. repo market. We estimate that when the Federal Reserve (Fed) introduced its reverse repo (RRP) facility, money market mutual funds (MMFs) eligible to lend to the Fed cut their lending in the triparty repo...