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External Debt of Romania

Author

Listed:
  • Catalin Dragoi

    (“Victor Slăvescu†, Centre for Financial and Monetary Research, Bucharest, Romania)

Abstract

External loans, badly used, don’t help the economic development of a country but can have as negative effects the disturbance of the activities in the economy, the reduction of the access to external loans, the flight of the capitals, the diminution of the internal economies and implicitly the economic decrease. Therefore, at the level of each country, solid institutions are needed that can manage the external debt so as to minimize the risk of crises, in order to avoid the increase of external taxation or the need for a rapid increase of the external debt. External debt management has repercussions in economic policy, specifically monetary and budgetary policies and foreign exchange, trade, and decide the volume of external loans that need to be contracted. The aim of the paper is to analyze level and structure of Romania’s debt and to reveal those methods of external debt management which bring economic benefits to our country.

Suggested Citation

  • Catalin Dragoi, 2022. "External Debt of Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 863-872, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:863-872
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    More about this item

    Keywords

    public debt; external debt; debt management;
    All these keywords.

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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