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Romania's Monetary Evolution from its Creation until the Great Union

Author

Listed:
  • Cristian Cenar

    (1st of December 1918†University of Alba Iulia)

  • Iuliana Cenar

    (1st of December 1918†University of Alba Iulia)

Abstract

Ever since the creation of the Romanian state in 1859 and until the period immediately following the First World War, the newly formed Romanian state has been subjected to heavy political, social and economic trials. But the real challenge was the financial support by the National Bank of Romania of the war effort for the first major world conflagration and after that, the exit from the economic and financial crisis, of the new Romanian unitary state. The paper deals with the evolution of Romania’s international supply from the period preceding the First World War, during the conflagration with its complete exhaustion, the monetary imbalance generated by the war, until the monetary unification was realized, with the aim of regaining confidence in the national currency since the end of the First World War.

Suggested Citation

  • Cristian Cenar & Iuliana Cenar, 2019. "Romania's Monetary Evolution from its Creation until the Great Union," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 652-659, December.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:2:p:652-659
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    More about this item

    Keywords

    monetary system; international supply; currency;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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