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Romania: Selected Issues and Statistical Appendix

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  • International Monetary Fund

Abstract

This Selected Issues paper for Romania reports that the practice of nonpayment and arrears accumulation has been widespread in Romania. Managers of enterprises that remain in the pipeline for privatization for long periods of time have little incentive to reduce arrears. The state contributed to growth of arrears by accepting nonmonetary tax and utility payments, using tax offsets in procurement, and tolerating payment arrears. These practices have been prevalent at all levels of state and local government, as well as state utility companies.

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  • International Monetary Fund, 2004. "Romania: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2004/220, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/220
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17566
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    References listed on IDEAS

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    Cited by:

    1. Delphine M. Irac & Camelia Minoiu, 2007. "Risk insurance in a transition economy," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 15(1), pages 153-173, January.
    2. Hammermann, Felix, 2007. "Nonmonetary Determinants of Inflation in Romania: A Decomposition," Kiel Working Papers 1322, Kiel Institute for the World Economy (IfW Kiel).

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