Romanian Macroeconomic Stability Between The Balance Of Payment Assistance And The European Semester
AbstractThe first EU Alert Mechanism Report demonstrates the vulnerable macroeconomic external position of Romania, the current Romanian’s balance of payments reflecting a severe need of financing and capitalization. On the other hand, the 2007-2013 programming period potentially provided a significant amount of EU money for investments (around 29 billion euro) through Structural Funds. However, five years after the beginning of the current financial framework, the level of absorption remains extremely low. The paper focuses on the main Romanian macroeconomic imbalances (the current account balance, international investment position) and on the most important sources for financing investments and development - the EU financial structural instruments: ERDF and Cohesion Fund.
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Bibliographic InfoArticle provided by Centre for European Studies, Alexandru Ioan Cuza University in its journal CES Working Papers.
Volume (Year): 4(3a) (2012)
Issue (Month): (September-Octomber)
economic and financial crisis; macroeconomic imbalances; EU funds absorption; balance of payment Romania;
Find related papers by JEL classification:
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
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- Carmen M. Reinhart & Kenneth S. Rogoff, 2011.
"From Financial Crash to Debt Crisis,"
American Economic Review,
American Economic Association, vol. 101(5), pages 1676-1706, August.
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