- Limits and pitfalls of QE in emerging markets
(8.2020)
Daniel Dăianu, Advisor to the NBR Governor
This is an expanded English version of the article “QE in emerging economies: beware of traps”, which was published in Romanian by Opinii BNR, 1 July 2020. The views expressed do not necessarily represent the position of the institutions the author is affiliated with.
398 KB, Download
- Romania’s Euro Area Accession: The Question is Under What Terms!
(12.2017)
Coord: Daniel Dăianu, Member of the NBR Board; Ella Kállai, Gabriela Mihailovici, Aura Socol
This article has been published in the Romanian Journal of European Affairs, Vol. 17, No. 2, December 2017
438 KB, Download
- Money Creation – And Yet Central Banks Run It!
(6.2017)
Daniel Dăianu, Member of the NBR Board
The Great Recession has reignited the debate on “who creates money”, on the relationship
between base money/outside money supplied by central banks and the inside money, which is
created by commercial banks. It is in this context that the old controversy regarding the fractionalreserve
banking system should be placed. This dispute should be linked with the equally old
observation that the financial system is prone to crises, to instances of panic – to “runs”.
238 KB, Download
- An Age of Ultra-low Interest Rates
(8.2016)
Daniel Dăianu, Member of the NBR Board
705 KB, Download
- The Governance of the Eurozone: Do External Imbalances Matter?
(5.2015)
Daniel Dăianu, Member of the NBR Board
2 MB, Download
- Analysis of CHF-denominated loans
(2.2015)
873 KB, Download
- Monetary Policies and Banking Institutions in South-Eastern Europe between National Objectives and European Patterns - a Historical and Comparative Perspective
(5.2013)
2 MB, Download
- Bank lending survey - November 2010
(11.2010)
147 KB, Download
- Bank lending survey - November 2010, annexes
(11.2010)
74 KB, Download
- Bank lending survey - August 2010
(8.2010)
196 KB, Download
- Bank lending survey - August 2010, annexes
(8.2010)
74 KB, Download
- Bank lending survey - May 2010
(5.2010)
804 KB, Download
- Bank lending survey - May 2010, annexes
(5.2010)
74 KB, Download
- Bank lending survey - February 2010
(2.2010)
766 KB, Download
- Bank lending survey - November 2009
(11.2009)
205 KB, Download
- External deficit financing and macroeconomic adjustment during the financial crisis - the case of Romania
(11.2009)
Mugur Isărescu, NBR Governor
Dissertation on the occasion of being admitted to
the Real Acadèmia de Doctors in Barcelona, 24 November 2009
336 KB, Download
- Operational risk in ReGIS - a sistemically important payment system
(10.2009)
Horaţiu Lovin, Andra Pineta
320 KB, Download
- Redefining the Role of Central Banks in a World with Changing Paradigms - The Case of the National Bank of Romania
(5.2009)
Valentin Lazea
Presentation at the Central & South East European Financial Forum, Bucharest, 19-22 May 2009
323 KB, Download
- Foreign Exchange Regime in Romania between 1929-1939
(4.2007)
Coord: George Virgil Stoenescu; Elisabeta Blejan, Brînduşa Costache, Adriana Iarovici
205 KB, Download
- International Reserves of the National Bank of Romania 1920-1944
(12.2006)
Coord: George Virgil Stoenescu; Elisabeta Blejan, Brînduşa Costache, Adriana Iarovici
455 KB, Download
- Recent developments in non-government credit and bank deposits
(12.2005)
BNR
752 KB, Download