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Optimizing the Financial Structure of the State Treasury in Romania

Author

Listed:
  • Laurentiu Dumitru ANDREI

    (University of Economic Studies, Bucharest, Romania.)

  • Petre BREZEANU

    (Faculty of Finance, Insurance, Banking and Stock Exchange, University of Economic Studies, Bucharest, Romania.)

Abstract

The dynamics of financial industry globalization and integration reveals the existence of a direct link between the shocks on international markets and how the financial sector has evolved over the last two decades, towards total liberalization and decoupling from the real economy processes. Crises generate and require rapid intervention responses based on innovation, because innovation is greatly stimulated by situations of difficulty to address either dramatic cost reductions, facilitation of high-income margins or the simultaneous approach to both guidelines. Despite the greatest efforts to achieve rigor and sophistication, it is demonstrated that the applied scientific analysis failed to provide definitive answers to many of the questions involved in the allocation and management of government resources. The analysis aim is to prove that a continuous search should be sustained either to achieve a more advantageous way of operating the Public Treasury in an increasingly globalized space or to assess its ability to adapt to permanently changing circumstances, responding to the challenges of financial innovation.

Suggested Citation

  • Laurentiu Dumitru ANDREI & Petre BREZEANU, 2019. "Optimizing the Financial Structure of the State Treasury in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 180-195, June.
  • Handle: RePEc:rjr:romjef:v::y:2019:i:2:p:180-195
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Valetin Marian Antohi & Costinela Fortea & Monica Laura Zlati & Romeo-Victor Ionescu & Cristian Mirica, 2022. "Efficiency of financial indicators of the Romanian state budget, an objective of economic security during the epidemiological crisis," Journal of Financial Studies, Institute of Financial Studies, vol. 12(7), pages 38-51, May.
    2. Cristian MIRICA & Angela Eliza MICU & Valentin Marian ANTOHI & Monica Laura ZLATI, 2022. "Approaches to the Determination of the Underground Economy Component by Methods of Budget Execution Management Through Statistical Analysis in Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 171-176.

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    More about this item

    Keywords

    treasury; economic governance; optimization; forecast; prediction;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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