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Structural reforms proposed by the International Monetary Fund and their impact on Romanian economy during the last financial crisis

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Author Info

  • Lucretia Mariana Constantinescu

    (Valahia University of Targoviste, Romania)

  • Leonardo Badea

    (Valahia University of Targoviste, Romania)

  • Violeta Dragoi

    (Valahia University of Targoviste, Romania)

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    Abstract

    The international financial crisis during these last years has provided the effects in the most economies of the world, forcing the affected countries to grow the credit demand to mitigate the impact of this financial crisis into their economy. The International Monetary Fund (IMF) extended the opportunity for Member States to obtain a financial support from the Fund with the recipient country must meet certain indicators of macroeconomic stability. Our paper aims to present the effects of the stand-by agreement with the IMF signed by the Romanian government to alleviate the crisis of the Romanian economy and out of the economic recession that our country faced during the 2009-2010 years.

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    Bibliographic Info

    Article provided by Pro Global Science Association in its journal Published in Review of Applied Socio-Economic Research.

    Volume (Year): 1 (2011)
    Issue (Month): 2 (December)
    Pages: 44-52

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    Handle: RePEc:rse:wpaper:v:1:y:2011:i:2:p:44-52

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    Related research

    Keywords: macroeconomic stability indicators; financial policies; financial international crisis; International Monetary Fund; Romanian economy;

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