IDEAS home Printed from
   My bibliography  Save this paper

Risk as the waiting room of the crisis and IMF umbrella of protection


  • Stefanescu, Roxana

    () (Universitatea Spiru Haret, Facultatea de Finante si Banci)

  • Popescu, Angela

    () (Universitatea Spiru Haret, Facultatea de Finante si Banci)


Economic crisis is the result of complex factors, which mainly include: errors of monetary policy, prudent policies to push the losses to banks contributors, legislative measures that affect the stability of the banking system by the accumulation of bad assets. To ensure a better functioning market requires higher standards of good administration and transparency in the decision process. Opacity and lack of responsibility is a fundamental problem of many private institutions. Many countries have used primarily tax solutions for global exit from the crisis, or have turned to the IMF umbrella of protection. Economic crisis will have positive effects by maturation of the Romanian economy, which includes: increasing the quality of services, restructuring the economy, consumer empowerment, prices rearrangement, government policy discipline, professionalizing business management.

Suggested Citation

  • Stefanescu, Roxana & Popescu, Angela, 2009. "Risk as the waiting room of the crisis and IMF umbrella of protection," Papers 2009/4, Osterreichish-Rumanischer Akademischer Verein.
  • Handle: RePEc:ris:sphedp:2009_004

    Download full text from publisher

    File URL:
    File Function: Full text
    Download Restriction: no

    More about this item


    global crisis; excess money; transparency of decisions; substandard loans; cautious policies; growing economy;

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:sphedp:2009_004. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Brindusa Covaci) or (Constantin Mecu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.