IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

The effects of IMF conditionality on Romanian economy: evidence from the Bucharest Stock Exchange

Listed author(s):
  • Andreea Săseanu

    (Bucharest University of Economic Studies, Romania)

  • Hosney (Harry) Zurub

    (Bucharest University of Economic Studies, Romania)

  • Gurgen Ohanyan

    (Bucharest University of Economic Studies, Romania)

  • Natalia Bob

    (Bucharest University of Economic Studies, Romania)

Registered author(s):

    The financial crisis has hurt almost all the countries in the world, strengthening the role of the international financial institutions such as the International Monetary Fund (IMF). Given that Romania turned to the IMF to cushion the impact of the crisis, our paper investigates the influence of the IMF programs on the macroeconomic indicators of the Romanian economy in the recent years and the effects on the investment environment represented by the volume of transactions on Bucharest Stock Exchange (BSE). The method used to achieve our goal is the analysis of the time series consisting of the monthly moving average of the volume of transactions on BSE, the consumer price index (CPI), the credit interest rate (Lombard) and the Euro/Ron rate of exchange fluctuation in the last 10 years. The contribution of the paper comes from its findings which draw an interesting and useful conclusion on the effects of the interventions of the IMF in Romania that can work as a guideline for further interventions.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Economic Publishing House in its journal Management & Marketing.

    Volume (Year): 9 (2014)
    Issue (Month): 3 (Autumn)

    in new window

    Handle: RePEc:eph:journl:v:9:y:2014:i:3:n:4
    Contact details of provider:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eph:journl:v:9:y:2014:i:3:n:4. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Simona Vasilache)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.