The present study presents, in the first part, three possible inflationary scenarios in the Romanian economy; in the second part, the implications of these scenarios on the banking sector are analyzed; finally, the third part suggests some actions for banks and policy makers.

Electronic money is changing the process of transmitting monetary policy effects. Therefore, the macroeconomic implications of using this new type of currency is concerning the central banks around the world.This paper aims to summarize the main analyzes of this phenomenon. Theseanalyzes, conducted by the specialists of central banks and by academics, show that the erosion of the monetary base produced by technological advances in...

In recent years, there has been an increase in public debt in Romania. If current policies are maintained, the public debt will continue to increase, which will have a considerable impact on economic activity. I will present certain consequences and risks of this evolution. They are illustrated, moreover, by the difficulties that the government has begun to face in its financing from external financial markets: the financial cost of public deb...

The study analyzes the European Central Bank’s monetary policy named “quantitative easing” (Quantitative Easing), whose objective is to reduce the danger of deflation that threatens for long the eurozone in terms of impact on the financial stability of Romania.