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

December 16, 2003

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International Monetary Fund. Monetary and Capital Markets Department "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 2003, 389 (2003), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781451832846.002

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Summary

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. 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: 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

Publication Details

Pages:

43
Volume:

2003
DOI:

https://0-doi-org.library.svsu.edu/10.5089/9781451832846.002
Issue:

389
Series:

Country Report No. 2003/389
Stock No:

1ROMEA0052003
ISBN:

9781451832846
ISSN:

1934-7685

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