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Evolutions of Romania's Foreign Debt and Its Consequences

Author

Listed:
  • Gust Marius

    (Constantin Brancoveanu" University of Piteºti)

  • Ciochinã Iuliana

    (Constantin Brancoveanu" University of Piteºti)

  • Grigorescu Sorin

    (Constantin Brancoveanu" University of Piteºti)

Abstract

Romania was confronted in recent years with an unprecedented increase of indebtedness, be it private or public ones, leading to historical highs. Unfortunately, excessive leverage in recent years has multiple effects, some are present already other latent, but many of these will have manifestations in the near future or distant one.

Suggested Citation

  • Gust Marius & Ciochinã Iuliana & Grigorescu Sorin, 2012. "Evolutions of Romania's Foreign Debt and Its Consequences," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1164-1169, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1164-1169
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    More about this item

    Keywords

    debt; debt service; currency reserves.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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