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A Brief Evaluation Of Inflation Targeting In Romania Envisaging The Euro Adoption

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  • Anca Tanasie

Abstract

This paper aims to present a clear, pertinent and realistic description of the actual results and perspectives of the application of inflation targeting in Romania, in the context of two major events – the financial crises and the Euro adoption process. The paper is structured based on the following elements: - the implementation of the inflation targeting monetary strategy – arguments, advantages, technical elements; -the institutional changes; - the decisional and operational framework of the monetary policy; - a brief assessments of the results of implementing the new monetary policy strategy – inflation targeting.

Suggested Citation

  • Anca Tanasie, 2010. "A Brief Evaluation Of Inflation Targeting In Romania Envisaging The Euro Adoption," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(38), pages 180-189, May.
    • Handle: RePEc:aio:aucsse:v:1:y:2010:i:9:p:180-189
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    References listed on IDEAS

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    6. Cappiello, Lorenzo & Manganelli, Simone & Hördahl, Peter & Kadareja, Arjan, 2006. "The impact of the euro on financial markets," Working Paper Series 598, European Central Bank.
    7. Ferreira, Alex Luiz & Leon-Ledesma, Miguel A., 2007. "Does the real interest parity hypothesis hold? Evidence for developed and emerging markets," Journal of International Money and Finance, Elsevier, vol. 26(3), pages 364-382, April.
    8. Aoki, Kosuke, 2001. "Optimal monetary policy responses to relative-price changes," Journal of Monetary Economics, Elsevier, vol. 48(1), pages 55-80, August.
    9. Nikolay Gueorguiev, 2003. "Exchange Rate Pass-Through in Romania," IMF Working Papers 2003/130, International Monetary Fund.
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    More about this item

    Keywords

    monetary policy; inflation targeting euro; monetary convergence;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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