Evaluarea României: adevăr sau ficţiune?

Georgescu, George (2006): Evaluarea României: adevăr sau ficţiune? Published in: Revista Bilant No. 26 (28 November 2006): pp. 62-66.

Abstract

The paper focuses on the current system of country risk assessment by the main rating agencies, pointing out some of its weaknesses. Under these circumstances, was found that Romania is overrated by the international agencies, mainly due to political reasons, related to the close accession of the country into the European Union. The EU Member status does not however guarantee the financial stability, a possible rating downgrade - back to speculative grade - caused by the accelerated deterioration of trade and current account balances, making more expensive the increased borrowing costs to cover the deficits and threatening Romania’s external debt sustainability.

• Item Type: MPRA Paper
• English Title: Romania’s Rating: Truth or Fiction?
• Language: Romanian
• Keywords: Rating Assessment, Country Risk, Sovereign Risk, Financial Stability, Balance of Payments, External Debt
• Subjects: F - International Economics > F1 - Trade > F15 - Economic Integration; F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; F - International Economics > F3 - International Finance > F32 - Current Account Adjustment ; Short-Term Capital Movements; O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O24 - Trade Policy ; Factor Movement Policy ; Foreign Exchange Policy; G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation

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