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Financial Instability In Romania

Author

Listed:
  • Cristian, IONESCU

    (Academy of Economic Studies Bucharest)

Abstract

The aim of this paper is to empirically study the concept of financial stability in Romania, from both a monetary policy perspective and a financial perspective. In this paper, I also compute an aggregate index of financial stability, for the period 2008-2013, explaining the correlations between several extremely important macroeconomic and sectorial variables and financial stability. The article also debates the aspect of policy instruments that aim to promote, highlighting the undertaken measures and also giving some measures recommendations, pointing out the main pillars: crises management; cross-sectoral challenges; banking sector; securities markets and capital markets; insurance sector; pensions sector; access to financial services.

Suggested Citation

  • Cristian, IONESCU, 2014. "Financial Instability In Romania," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 243-254.
    • Handle: RePEc:brc:journl:v:26:y:2014:i:4:p:243-254
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    More about this item

    Keywords

    financial stability; aggregate index of financial stability; policy instruments;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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