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The National Bank Of Romania From State Body To Autonomus Authority

Author

Listed:
  • Roxana RADU

    (Universitatea din Craiova, Facultatea de Drept şi Ştiinţe Sociale, Institutul de Cercetări Socio-Umane “C. S. Nicolăescu-Plopşor”, Craiova)

  • Georgeta GHIONEA

    (Institutul de Cercetări Socio-Umane “C. S. Nicolăescu-Plopşor”, Craiova)

Abstract

This article presents the evolution of the National Bank of Romania from the status of a central government body to the one of autonomous public institution, through laws that have governed it from its setting up (1880) to the present. As an autonomous administrative authority, central bank finds its first foundation, in legal terms, in the provisions of Romanian Constitution of 1991, revised in 2003, and, secondly, in the normative acts that make up the legislative framework necessary for carrying out banking activity, especially Law no. 312/2004 on the Status of the National Bank of Romania. The originality of this article lies in the fact that the analysis of the legal texts was done in correlation with the historical context in which they were adopted and with the evolution of the political regime and of the Romanian economy, from the capitalist economy, to the centralized economy and, finally, to the market economy.

Suggested Citation

  • Roxana RADU & Georgeta GHIONEA, 2014. "The National Bank Of Romania From State Body To Autonomus Authority," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 32, pages 63-70, December.
    • Handle: RePEc:cmj:interc:y:2014:i:32:p:63-70
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    More about this item

    Keywords

    Central bank; Public institution; Independence; Government; Banking system;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • K19 - Law and Economics - - Basic Areas of Law - - - Other

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