IDEAS home Printed from https://ideas.repec.org/a/agr/journl/vxxiiy2015ispecial(ii)p176-181.html
   My bibliography  Save this article

The transition from private debt to public debt – A case study of Romania

Author

Listed:
  • Liviu FETIC

    (Bucharest University of Economic Studies, Romania)

Abstract

This paper tries to analyze the process in which Romania went in just two years from an economic tiger in Eastern Europe to a country that uses a rescue package from the famous troika: IMF, World Bank and European Commission. As the IMF agreements end in mid-2015, we come to some interesting conclusions and see some of the IMF conditions put into practice, like the fiscal buffer. This paper investigates the relationship between public debt, public deficit and economic growth in Romania over a period of 25 years, starting in 1990. The period under review has two important events regarding the impact of public debt on economic growth rates: the EU accession and the financial crisis of 2007-09, followed by the euro zone debt crisis.

Suggested Citation

  • Liviu FETIC, 2015. "The transition from private debt to public debt – A case study of Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(Special(I), pages 176-181.
  • Handle: RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:176-181
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/suplimente/International_Finance_and_Banking_Conference_FI_BA_2015_XIIIth_Ed.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    public debt; private debt; IMF.;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:176-181. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.