Romanias public debts and their consequences upon the economy Report as inadecuate




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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.



Item Type: MPRA Paper -

Original Title: Romania-s public debts and their consequences upon the economy-

English Title: Romania-s public debts and their consequences upon the economy-

Language: English-

Keywords: public debts, elbows, benefits, economy-

Subjects: F - International Economics > F3 - International Finance > F34 - International Lending and Debt ProblemsG - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and RegulationH - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt ; Debt Management ; Sovereign Debt-





Author: Popa, Ionela

Source: https://mpra.ub.uni-muenchen.de/20608/







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