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Romania
This paper discusses the following important issues related to the Romanian economy: inflation and inflation expectations, the need to bolster expenditure efficiency, minimum wage policy, and financial sector development. Headline inflation has decreased markedly in Romania in recent years. Key factors in this trend were oil and food price developments and, in particular, the recent reduction in the VAT rate. Romania has undertaken a strong fiscal consolidation since 2010, which reduced expenditure to among the lowest in the region. Minimum wages in Romania have risen sharply, which could directly affect wage distribution and improve income inequality.
The Emergence of the Modern Central Bank and Global Cooperation
Provides new analysis of the spread of central banking beyond Western Europe and North America in the 1920s and 1930s.
The Bankers' Almanac
None
Treaties and International Agreements Registered Or Filed and Recorded with the Secretariat of the United Nations
Treaties and International Agreements Registered or Filed and Recorded with the Secretariat of the United Nations
Bankers, Bureaucrats, and Central Bank Politics
Adolph illustrates the policy differences between central banks run by former bankers relative to those run by bureaucrats.
