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Structural reforms proposed by the International Monetary Fund and their impact on Romanian economy during the last financial crisis

Author

Listed:
  • Lucretia Mariana Constantinescu

    (Valahia University of Targoviste, Romania)

  • Leonardo Badea

    (Valahia University of Targoviste, Romania)

  • Violeta Dragoi

    (Valahia University of Targoviste, Romania)

Abstract

The international financial crisis during these last years has provided the effects in the most economies of the world, forcing the affected countries to grow the credit demand to mitigate the impact of this financial crisis into their economy. The International Monetary Fund (IMF) extended the opportunity for Member States to obtain a financial support from the Fund with the recipient country must meet certain indicators of macroeconomic stability. Our paper aims to present the effects of the stand-by agreement with the IMF signed by the Romanian government to alleviate the crisis of the Romanian economy and out of the economic recession that our country faced during the 2009-2010 years.

Suggested Citation

  • Lucretia Mariana Constantinescu & Leonardo Badea & Violeta Dragoi, 2011. "Structural reforms proposed by the International Monetary Fund and their impact on Romanian economy during the last financial crisis," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 1(2), pages 44-52, December.
  • Handle: RePEc:rse:wpaper:v:1:y:2011:i:2:p:44-52
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    More about this item

    Keywords

    macroeconomic stability indicators; financial policies; financial international crisis; International Monetary Fund; Romanian economy;

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F01 - International Economics - - General - - - Global Outlook
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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