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Romania's public debts and their consequences upon the economy

Author

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  • Popa, Ionela
  • Codreanu, Diana
  • Albici, Mihaela

Abstract

In June 2009, Romania’s public debts rose by 12.6% more than late last year, that is up to 123.61 billion Lei (29.4 billion Euros), meaning 23.27% of the gross domestic product originally estimated for this year. Foreign loans are not a new phenomenon. Yet, in the current economic context, it is the consequences which might occur that bother most of us as a result of the (significant) increase of public debts. Concluding a loan agreement with the International Monetary Fund is « necessary evil » because it has both advantages and disadvantages. This paper aims at analyzing aspects regarding the benefits, direct and indirect costs, and social effects of such a loan.

Suggested Citation

  • Popa, Ionela & Codreanu, Diana & Albici, Mihaela, 2010. "Romania's public debts and their consequences upon the economy," MPRA Paper 20608, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:20608
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    File URL: https://mpra.ub.uni-muenchen.de/20608/1/MPRA_paper_20608.pdf
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    Cited by:

    1. Nicoleta Georgeta Panait & Costin Alexandru Panait, 2018. "An Empirical Study on Public Debit in Romania," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(1), June.

    More about this item

    Keywords

    public debts; elbows; benefits; economy;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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