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ROMANIAN BANKING SYSTEM REACTION TO THE FINANCIAL AND ECONOMIC CRISIS FOLLOWING THE E3MG MODEL SCENARIOS OF POLLITT AND BARKER (International Conference "Recent Advances in Economic and Social Research", 13-14 mai 2015, București)

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  • Țâmpu Diana Larisa

    (postdoc researcher, The Romanian Academy)

Abstract

This paper examines the impact that the crises that began in 2007 have on Romania economy taking into consideration the scenarios of E3MG model. What it will be figured here is a series of carefully defined scenarios, simulating aspects of behavioral changes within the banking sector and in the wider global economy. The conclusion will try to explain the mechanism by which the crisis has infested the economy specifying the moment when the current policy was effective or not. The last part of the paper highlights the effects that the monetary policy measures have on Romania case, following the ‘seven-point plan' of Barker. The results show that there are ways to stimulate the economy and increase employment, transforming the financial crisis into an opportunity for a new green deal.

Suggested Citation

  • Țâmpu Diana Larisa, 2015. "ROMANIAN BANKING SYSTEM REACTION TO THE FINANCIAL AND ECONOMIC CRISIS FOLLOWING THE E3MG MODEL SCENARIOS OF POLLITT AND BARKER (International Conference "Recent Advances in Economic and Social Re," Institute for Economic Forecasting Conference Proceedings 151206, Institute for Economic Forecasting.
    • Handle: RePEc:rjr:wpconf:151206
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    Keywords

    E3MG model; economic crises; scenario; monetary policy; government policy;
    All these keywords.

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