0000000001192826
AUTHOR
Ramona Orastean
showing 4 related works from this author
Global Powers and the International Currencies: What Does the Last Years Suggest for the Future?
2018
Starting from the literature that identifies different factors which determine whether a currency plays a global role, we propose an analysis of international status of major currencies using the following criteria: the demographic, economic, commercial, and financial size and importance of the currency issuer, the currency issuer’s financial market, and the history of using currency. We consider that the international use of a currency is mainly defined by the issuer’s place in the global economy, including its share of world trade and the size of its economy and financial market. The US dollar’s reference position was less influenced by the introduction of the euro, but nowadays it may be…
The IMF Lending Activity – A Survey
2014
Abstract This paper presents the evolution of the IMF lending arrangements approved between 1953-2013. The study covers both non-concessional and concessional loans. The findings show that the volume of the IMF loans has fluctuated significantly and the value of the IMF lending has increased over a period of economic or financial crisis, as the debt crisis of the 1980s, the Tequila crisis in 1994-1995, the Southeast Asia crisis in 1997-1998, Russia in 1998, Brazil in 1998-1999 and Argentina in 1999-2002 or the global financial crisis since 2008.
MULTIPLE DEFINITIONS: A KEY ISSUE IN THE DEBATE ON GLOBALIZATION
2012
The debates on globalization’s definition are the main core of the theoretical work on this issue in the last decades. After more than 50 years since the word was used for the first time, there is no agreement on its definition. Our statement is that the lack of consistency, the imprecision and the ambiguity that could be found in definitions of globalization are sources of confusions and misunderstanding, and are the causes of the supra-abundant literature in this area. In order to develop our own definition, this study provides an overview of existing definitions, emphasizing their strength and weaknesses. In our opinion, the process of globalization is about creating connections betwee…
GLOBALIZATION AND ECONOMIC CRISIS IN EUROPEAN COUNTRIES
2011
The paper analyzes the relation between degree of economic globalization and the impact of economic crisis for developed and emerging European countries. We measure economic globalization through indexes based on share of external trade in GDP and FDI intensity (% of FDI inflows and outflows divided by GDP). The complexity of current economic and financial crisis could be evaluated through GDP growth rate, inflation rate, unemployment, public debt, budget deficit, balance of payments, exchange rate, etc. For the purpose of this paper we used GDP growth rate as a measure of economic crisis impact on national economies.