Subduing High Inflation in Romania: How to Better Monetary and Exchange Rate Mechanisms?

Daniel Daianu and Radu Vranceanu

No 5, wiiw Balkan Observatory Working Papers from The Vienna Institute for International Economic Studies, wiiw

Abstract: Romania’s overall economic performance during the first ten years of transition can be termed so far as disappointing the country has not been able to deliver steady growth, low unemployment and low inflation. This paper focuses on the effectiveness of monetary mechanisms and policies during this period. Special emphasis is set on the exchange rate mechanism. The first part of the text develops a short introduction to relevant monetary theory in the transition context. In the second part, we analyse the stylised facts pertaining to Romanian economy and put forward some weaknesses of its banking system and monetary policies. The conclusion presents a set of recommendations for a reform of the going monetary policy.

Date: 2001-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published as wiiw Balkan Observatory Working Paper

Downloads: (external link)
https://wiiw.ac.at/subduing-high-inflation-in-roma ... anisms--dlp-3350.pdf (application/pdf)

Related works:
Journal Article: SUBDUING HIGH INFLATION IN ROMANIA. HOW TO BETTER MONETARY AND EXCHANGE RATE MECHANISMS? (2003)
Working Paper: Subduing High Inflation in Romania. How to Better Monetary and Exchange Rate Mechanisms? (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wii:bpaper:005

Ordering information: This working paper can be ordered from
https://wiiw.ac.at

Access Statistics for this paper

More papers in wiiw Balkan Observatory Working Papers from The Vienna Institute for International Economic Studies, wiiw Contact information at EDIRC.
Bibliographic data for series maintained by Customer service ().