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
IMF Staff Country Reports, December 16, 2003
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- 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
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Bibliographic details
- Published: December 16, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451832846.002
Executive summary and stabilization outcomes
- 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.
Banking sector assessment
- 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.
Subject coverage and keywords
- Subject: Banking, Commercial banks, Credit, Financial institutions, Foreign banks, Foreign exchange, Loans, Money
- Keywords: A. bank Performance, balance sheet, bank, bank capital, bank governance, bank liquidation agency, banking sector, banking system, central bank, Commercial banks, CR, Credit, Eastern Europe, exchange rate, Foreign banks, insolvent bank, interest rate, ISCR, loan, Loans, loss provision, NBR regulation, sensitivity analysis