Historical Highlights of the Capital Flows Evolution in the Romanian Economy
Year: 2012
Type: article
Abstract: In the last few decades everyone agreed that capital inflows benefit the recipient countries, contributing effectively to economic growth and sustaining the investments in the real economy with long term positive effects but in the same time it was observed that the import of capital represents an import of risk, and this risk tend to growth exponentially in time of crisis. The analysis developed in this work has a start point in the vast existing literature trying to explain what drives the capital flows especially into and from the emerging countries. This paper discusses Romania's experience regarding the financial flows, the evolution and the changes in the profile of capital flows to and from Romania. The conclusions include aspects of the financial integration’s growing impact on capital flows and level of capital flows in time of crisis in the Romanian economy.
Author: Cristina Duhnea
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W229800945