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Romania »

Source: Romania : Recent Economic Developments

Volume/Issue: 1997/46

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 1997

ISBN: 9781451832686

Keywords: pos, prices, credit, payments, shares

This paper reviews economic developments in Romania during 1990-97. Reforms have been relatively slow since the beginning of the transition process. Except for a brief and inconsequential interlude in 1993, compreh...

The Energy Sector Reform and Macroeconomic Adjustment in a Transition Economy

The Energy Sector Reform and Macroeconomic Adjustment in a Transition Economy »

Source: The Energy Sector Reform and Macroeconomic Adjustment in a Transition Economy : The Case of Romania

Volume/Issue: 2003/2

Series: IMF Policy Discussion Papers

Author(s): Stéphane Cossé

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451974546

Keywords: Europe, European Economic and Monetary Union, Social security, Romania, energy sector, quasi-fiscal activities, macroeconomic stabilization, transition, energy, natural gas

This paper assesses the main issues faced by the energy sector in a transition economy such as Romania and their macroeconomic dimension. It examines how the size of quasi-fiscal subsidies, owing mainly to inapprop...

I Introduction

I Introduction »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

In December 1989, with the fall of Nicolae Ceausescu, Romania reached a turning point in its history. The provisional Government that took over announced immediately a sharp and permanent break with the past...

IV Principal Objectives of the Romanian Reform Program

IV Principal Objectives of the Romanian Reform Program »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

The main objectives of the Romanian reform program fall into three broad categories: introducing market forces into the economy, notably by liberalizing prices, trade and the exchange system, and interest ra...

II The Economic System Before the Beginning of Reform

II The Economic System Before the Beginning of Reform »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

To clarify what the reform program is trying to achieve and the obstacles it faces, this section describes the main aspects of the centrally planned system in Romania and its development in the 1970s and 198...

III Mapping the Transition: Design of the Reform Program

III Mapping the Transition: Design of the Reform Program »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

Against a background of economic, institutional, and social crisis in Romania, a coherent reform strategy gradually emerged. This section examines the overall design of the reform program, and, in particular...

V Conclusions

V Conclusions »

Source: The Romanian Economic Reform Program

Series: Occasional Papers

Author(s): Mohsin Khan , and Dimitri Demekas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1991

ISBN: 9781557751904

Keywords: banking, foreign trade, foreign exchange, price liberalization, reform program

The Romanian reform program is designed to bring the country out of a strict centrally planned economic system into a world where individual choice and markets play the central role. In just over a year, con...

2 Financial and Enterprise Restructuring in Emerging Market Economies

2 Financial and Enterprise Restructuring in Emerging Market Economies »

Source: Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1994

ISBN: 9781557753809

Keywords: credit, banking, payments, payment system, banking system

Building sound financial systems is fundamental to developing viable market economies where central planning once prevailed. In a market economy, it is the financial system that cha...

4 Financial Underdevelopment and Macroeconomic Stabilization in Russia

4 Financial Underdevelopment and Macroeconomic Stabilization in Russia »

Source: Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1994

ISBN: 9781557753809

Keywords: credit, banking, payments, payment system, banking system

Macroeconomic stabilization has proved to be one of the most problematic aspects of the transition in Russia. This fact is troubling because macroeconomic stabilization is merely a...

11 Credit Market Imperfections and Output Response in Previously Centrally Planned Economies

11 Credit Market Imperfections and Output Response in Previously Centrally Planned Economies »

Source: Building Sound Finance in Emerging Market Economies : Proceedings of a Conference held in Washington, D.C., June 10-11, 1993

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1994

ISBN: 9781557753809

Keywords: credit, banking, payments, payment system, banking system

Introduction The reform programs launched in Central and Eastern Europe and in the former Soviet Union have been accompanied by a sharp, and partly unexpected, fall in output (Chart...