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Savings in Central Europe

Author

Listed:
  • OpriÈ™an Oana

    ("Ovidius" University of Constanta)

  • Èšileagă Cosmin

    ("Lucian Blaga" University of Sibiu)

  • Croitoru Gabriel

    (“Valahia†Universty of Targoviste)

Abstract

The monetary system is today essential for any economy. The most important components of themonetary system are: money, payment arrangements as well as institutions supporting monetaryflows. The money sign or money is, in principle, a claim, transmissible, arbitrary, with a forced courseand whose essential function is to be able to be exchanged for a certain amount of goods andservices. In society, there are also a number of factors, predominantly of a subjective nature, which candetermine and cause individuals to diminish their consumption expenditures. This is about savingspurpose(saving becomes an end in itself, being considered a means of achieving certain goals) aswell as certain "forced" economies (individuals do not find the desired consumer goods or thedesired quantities and consequently do not have the what they spend their income).

Suggested Citation

  • OpriÈ™an Oana & Èšileagă Cosmin & Croitoru Gabriel, 2018. "Savings in Central Europe," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 488-492, July.
    • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:488-492
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    More about this item

    Keywords

    saving; investment; growth;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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