INTERNATIONAL RESERVES, GUARANTEE THAT SUPPORTS ROMANIA'S ECONOMIC DEVELOPMENT
Aggregate demand in our country far exceeds the ability of the economy to produce goods and services. The gap between total demand for goods and services on the one hand and economic status, on the other hand stands out primarily by the continuing need for funds to cover the budget deficit. The L...
Main Authors: | , |
---|---|
Format: | Article |
Language: | English |
Published: |
Academica Brâncuşi
2014-10-01
|
Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
Subjects: | |
Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2014-05/05_Medar,%20Chirtoc.pdf |
id |
doaj-50859c9898d34588ad282efb54fbfdea |
---|---|
record_format |
Article |
spelling |
doaj-50859c9898d34588ad282efb54fbfdea2020-11-25T00:59:56ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie 1844-70071844-70072014-10-0115 26 32 INTERNATIONAL RESERVES, GUARANTEE THAT SUPPORTS ROMANIA'S ECONOMIC DEVELOPMENT MEDAR LUCIAN-ION 0Irina-Elena Chirtoc1“CONSTANTIN BRANCUSI” UNIVERSITY OF TARGU JIU, ROMANIA “CONSTANTIN BRANCUSI” UNIVERSITY OF TARGU JIU, ROMANIA Aggregate demand in our country far exceeds the ability of the economy to produce goods and services. The gap between total demand for goods and services on the one hand and economic status, on the other hand stands out primarily by the continuing need for funds to cover the budget deficit. The Lack of foreign investors, poor development of capital market and non-involvement of credit institutions to support economic development leads the Romanian state to borrow regularly on international money market. Guarantor of the country for these loans is the reserve fund managed by the central bank of the state. Trade deficits and foreign borrowing are two components of the same problems. As the state borrows more from the international financial markets the higher is the trade deficit. A national initiative on facilities development companies with export production and aggregate demand for domestic products, can lead to lower imports. Increasing the fund's reserves and activation may be one of the solutions required to support economic development. Through this study we try to discover the role of the reserve fund and other sources of economic development. http://www.utgjiu.ro/revista/ec/pdf/2014-05/05_Medar,%20Chirtoc.pdf international reservesliquidityreserve currency |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
MEDAR LUCIAN-ION Irina-Elena Chirtoc |
spellingShingle |
MEDAR LUCIAN-ION Irina-Elena Chirtoc INTERNATIONAL RESERVES, GUARANTEE THAT SUPPORTS ROMANIA'S ECONOMIC DEVELOPMENT Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie international reserves liquidity reserve currency |
author_facet |
MEDAR LUCIAN-ION Irina-Elena Chirtoc |
author_sort |
MEDAR LUCIAN-ION |
title |
INTERNATIONAL RESERVES, GUARANTEE THAT SUPPORTS ROMANIA'S ECONOMIC DEVELOPMENT |
title_short |
INTERNATIONAL RESERVES, GUARANTEE THAT SUPPORTS ROMANIA'S ECONOMIC DEVELOPMENT |
title_full |
INTERNATIONAL RESERVES, GUARANTEE THAT SUPPORTS ROMANIA'S ECONOMIC DEVELOPMENT |
title_fullStr |
INTERNATIONAL RESERVES, GUARANTEE THAT SUPPORTS ROMANIA'S ECONOMIC DEVELOPMENT |
title_full_unstemmed |
INTERNATIONAL RESERVES, GUARANTEE THAT SUPPORTS ROMANIA'S ECONOMIC DEVELOPMENT |
title_sort |
international reserves, guarantee that supports romania's economic development |
publisher |
Academica Brâncuşi |
series |
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
issn |
1844-7007 1844-7007 |
publishDate |
2014-10-01 |
description |
Aggregate demand in our country far exceeds the ability of the economy to produce goods and services. The
gap between total demand for goods and services on the one hand and economic status, on the other hand stands out
primarily by the continuing need for funds to cover the budget deficit.
The Lack of foreign investors, poor development of capital market and non-involvement of credit
institutions to support economic development leads the Romanian state to borrow regularly on international money
market. Guarantor of the country for these loans is the reserve fund managed by the central bank of the state.
Trade deficits and foreign borrowing are two components of the same problems. As the state borrows more
from the international financial markets the higher is the trade deficit. A national initiative on facilities development
companies with export production and aggregate demand for domestic products, can lead to lower imports.
Increasing the fund's reserves and activation may be one of the solutions required to support economic development.
Through this study we try to discover the role of the reserve fund and other sources of economic development. |
topic |
international reserves liquidity reserve currency |
url |
http://www.utgjiu.ro/revista/ec/pdf/2014-05/05_Medar,%20Chirtoc.pdf |
work_keys_str_mv |
AT medarlucianion internationalreservesguaranteethatsupportsromaniaseconomicdevelopment AT irinaelenachirtoc internationalreservesguaranteethatsupportsromaniaseconomicdevelopment |
_version_ |
1725215238485180416 |