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- Title
PUBLIC FINANCE AND MONETARY POLICY IN ROMANIA 1911-1913.
- Authors
FUGARU, Amalia
- Abstract
The interest for macroeconomic policies was revived by the 2007 financial crisis and the economic downturn that followed. The purpose of these policies was debatable considering there was little space to manoeuvre with the key interest rate close to 0% and the excessive public debt frustrating fiscal activism. In a similar manner the gold standard, which functioned in 1911-1913 Romania, did not allow for too much monetary and public finance action because the convertibility principle had to be observed. This essay will try to analyse the monetary policy and public finance of 1911-1913 Romania considering the complex and contradictory economic and politic realities.
- Subjects
PUBLIC finance; MONETARY policy; MACROECONOMICS -- Government policy; ACTIVISM; ROMANIAN economy
- Publication
Review of General Management, 2014, Vol 20, Issue 2, p166
- ISSN
1841-818X
- Publication type
Article