Addressing the relationship between the policy of a central bank and economic growth in the post-crisis stage, the article aims to identify essential tools that the monetary authority has theoretically available to support a sustainable economic growth, in the future. In the context of the...

Concerns about the monetary integration issue have lasted for over five decades, outlining several criteria which embody the theory of optimum currency areas. Although the European monetary integration pattern is not based on this theory, it often serves as a reference in assessing the...

The concerns of macroeconomic policymakers regarding the management of the COVID-19 crisis are reflected by the major, unbending, and brisk interventions they have had, including monetary authorities. The present paper aims at identifying central banks' contributions in managing the pandemic...

The global financial crisis created new challenges for the states that have joined the European Union in 2004 and 2007, but that are not yet members of the Euro zone; the maintenance of the convergence indicators below the reference values is a real challenge for the new EU member states. This...

The global financial crisis transmitted several factors which have aggravated the economic situation of the new members of the European Union on the background of their strong financial and trading relations with the developed European countries. This article is a brief presentation of some...

Optimizarea unei zone monetare, în sensul unei funcţionări viabile pe termen lung, se fundamentează pe capacitatea acesteia de a gestiona şocurile asimetrice care tind să se propage în interior. Un şoc macroeconomic comun propagat în cadrul tuturor subsistemelor poate fi asimetric în...

The central bank is one of the main pillars of a country's government and one of the institutions most required to respond to crisis situations in the economy. In this respect, the National Bank of Romania, as the monetary authority of the Romanian state, is constantly subject to such pressure....