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The Reform Of National Bank Of Romania After Accession To Eu: Challenges And Perspectives

Author

Listed:
  • Cocris Vasile

    (University Al. I. Cuza of Iasi, Faculty of Economics and Business Administration)

  • Capraru Bogdan

    (University Al. I. Cuza of Iasi, Faculty of Economics and Business Administration)

Abstract

In January 2007, Romania had become a member of the European Union and the National Bank of Romania a member of The European System of Central Banks (ESCB). This event was a confirmation of the success of Romanian reforms, but, on the other hand, it was a beginning of a new stage in the process of accomplishing the nominal and real convergence conditions, set in the Maastricht Treaty. In this study we have done some considerations about the NBR's reform performances before and after EU accession and, also, we have talked about the main challenges and perspectives for Romanian central bank in the new economic environment imposed by the integration process.

Suggested Citation

  • Cocris Vasile & Capraru Bogdan, 2008. "The Reform Of National Bank Of Romania After Accession To Eu: Challenges And Perspectives," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 3(1), pages 713-718, May.
    • Handle: RePEc:ora:journl:v:3:y:2008:i:1:p:713-718
    as

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    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v3-finances-banks-accountancy/128.pdf
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    References listed on IDEAS

    as
    1. Jean-François Segalotto & Mr. Marco Arnone & Mr. Bernard J Laurens, 2006. "Measures of Central Bank Autonomy: Empirical Evidence for OECD, Developing, and Emerging Market Economies," IMF Working Papers 2006/228, International Monetary Fund.
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    More about this item

    Keywords

    European integration; central bank; reform; challenges; perspectives;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • F30 - International Economics - - International Finance - - - General

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