Evaluarea României: adevăr sau ficţiune?
[Romania’s Rating: Truth or Fiction?]
AbstractThe paper focuses on the current system of country risk assessment by the main rating agencies, pointing out some of its weaknesses. Under these circumstances, was found that Romania is overrated by the international agencies, mainly due to political reasons, related to the close accession of the country into the European Union. The EU Member status does not however guarantee the financial stability, a possible rating downgrade - back to speculative grade - caused by the accelerated deterioration of trade and current account balances, making more expensive the increased borrowing costs to cover the deficits and threatening Romania’s external debt sustainability.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 26364.
Date of creation: 10 Nov 2006
Date of revision:
Rating Assessment; Country Risk; Sovereign Risk; Financial Stability; Balance of Payments; External Debt;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
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- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
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