Romania: Recent Economic Developments

July 16, 1997

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Romania: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed September 18, 2024

Summary

This paper reviews economic developments in Romania during 1990–97. Reforms have been relatively slow since the beginning of the transition process. Except for a brief and inconsequential interlude in 1993, comprehensive programs for privatization and for restructuring or liquidation of loss-making enterprises were not launched until 1995. These programs have done little to improve governance so far. As of end-1996, the economy was still largely characterized by state ownership and control; by fixed prices and quantitative constraints; and by ailing enterprises and subsidization of losses.

Subject: Agricultural sector, Banking, Credit, Currencies, Economic sectors, Exports, Foreign exchange, International trade, Money

Keywords: Agricultural sector, Balance of payments, Central and Eastern Europe, CR, Credit, Currencies, Eastern Europe, Exchange rate, Exports, Foreign currency, Foreign exchange market, Interbank market, ISCR, Monetary policy, Private sector, Savings bank, U.S. dollar

Publication Details

Pages:

143
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/046
Stock No:

1ROMEA0011997
ISBN:

9781451832686
ISSN:

1934-7685

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