Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/198195
Authors: 
Dragan, Gabriela
Year of Publication: 
2012
Citation: 
[Journal:] CES Working Papers [ISSN:] 2067-7693 [Volume:] 4 [Year:] 2012 [Issue:] 3a [Pages:] 512-522
Abstract: 
The first EU Alert Mechanism Report demonstrates the vulnerable macroeconomic external position of Romania, the current Romanian’s balance of payments reflecting a severe need of financing and capitalization. On the other hand, the 2007-2013 programming period potentially provided a significant amount of EU money for investments (around 29 billion euro) through Structural Funds. However, five years after the beginning of the current financial framework, the level of absorption remains extremely low. The paper focuses on the main Romanian macroeconomic imbalances (the current account balance, international investment position) and on the most important sources for financing investments and development - the EU financial structural instruments: ERDF and Cohesion Fund.
Subjects: 
economic and financial crisis
macroeconomic imbalances
EU funds absorption
balance of payment Romania
JEL: 
F02
F36
F59
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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