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The Financial-Monetary Policy Of The European Union Towards Romania

Author

Listed:
  • Alexandru Dumitru BODISLAV

    (Bucharest University of Economic Studies, Romania)

  • Florina BRAN

    (Bucharest University of Economic Studies, Romania)

  • Sorin Petrica ANGHELUTA

    (Bucharest University of Economic Studies, Romania)

  • Ghenadie CIOBANU

    (INCSMPS Bucharest, Romania)

Abstract

Monetary policy is that component of economic policy, aimed at influencing the money supply and lending conditions, and the institution responsible for achieving this objective is the Central Bank. The main goal, the ultimate goal of monetary policy is, in the economy of any country, price stability. Price stability means avoiding inflation and prolonged deflation without negatively influencing other branches of the state economy. Regarding the convergence criteria, it is desired to increase the annual harmonized index of consumer prices below the 2% threshold for the euro area. The purpose of this article is to present the financial-monetary policy of the European Union towards Romania as well as the perspectives on future policies, knowing that a possible renunciation of its own currency, practically the only markets left for adjustments would be the labor market, the goods market and fiscal policy, thus there is a risk that in the absence of control over changes in interest rates and exchange rates.

Suggested Citation

  • Alexandru Dumitru BODISLAV & Florina BRAN & Sorin Petrica ANGHELUTA & Ghenadie CIOBANU, 2020. "The Financial-Monetary Policy Of The European Union Towards Romania," Proceedings of Administration and Public Management International Conference, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 16(1), pages 128-131, October.
    • Handle: RePEc:rom:compca:v:16:y:2020:i:1:p:128-131
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    References listed on IDEAS

    as
    1. Florina BRAN & Cristina ALPOPI & Sorin BURLACU, 2018. "Territorial Development - Disparities between the Developed and the least Developed Areas of Romania," Book chapters-LUMEN Proceedings, in: Carmen NÄ‚STASE (ed.), The 14th Economic International Conference: Strategies and Development Policies of Territories: International, Country, Region, City, Location Challen, edition 1, volume 6, chapter 14, pages 146-155, Editura Lumen.
    2. Jianu, Ionut & Dobre, Ion & Bodislav, Dumitru Alexandru & Radulescu, Carmen Valentina & Burlacu, Sorin, 2019. "The implications of institutional specificities on the income inequalities drivers in European Union," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 53(2), pages 59-76.
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