Romania : Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Anti-Money Laundering and Combating the Financing of Terrorism, Monetary and Financial Policy Transparency

Author/Editor:

International Monetary Fund

Publication Date:

December 16, 2003

Electronic Access:

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Summary:

The program of budget restraint and reduction of the quasi-fiscal losses, supported by the IMF's Stand-By Arrangement, was successful in bringing domestic demand down to sustainable levels, lowering inflation, and narrowing the current account deficit. The stabilization effort was supported by the fiscal policy. A sensitivity analysis is used to assess banking sector vulnerabilities. The Deposit Guarantee Fund (DGF) is operating satisfactorily but will need to strengthen its resources considerably to provide a sufficient level of support. The insurance sector is small and underdeveloped.

Series:

Country Report No. 03/389

Subject:

English

Publication Date:

December 16, 2003

ISBN/ISSN:

9781451832846/1934-7685

Stock No:

1ROMEA0052003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

43

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