The Resource Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement, prepared by the interdepartmental staff team
Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement, prepared by the interdepartmental staff team
Resource Information
The item Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement, prepared by the interdepartmental staff team represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement, prepared by the interdepartmental staff team represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- This paper discusses ex-post evaluation of Romania's exceptional access under the 2009 Stand-By Arrangement. Concerns about Romania's external and fiscal sustainability have triggered significant increase in external borrowing costs as sovereign yields jumped to 9 percent. Banks also came under increasing pressure, with liquidity drying up from the interbank market. Rollover risks also increased as the maturity structure gradually deteriorated, and reserves coverage of shorter-term external debt declined. The large and front-loaded financing along with upfront fiscal actions has helped quickly to restore market confidence, with a successful return to private financial markets during the program period
- Language
- eng
- Extent
- 1 online resource (32 pages)
- Note
- "March 2012."
- Contents
-
- Cover; Contents; I. Introduction and Summary; II. Why did Romania Request Fund Assistance?; III. Was the Program Design Appropriate?; A. Program Design and Objectives; B. Adequacy of the Financing Package; C. Were the Exceptional Access Criteria Met?; D. Was the Conditionality Appropriate?; IV. Was the Policy Response Appropriate?; A. Macroeconomic Forecasts; B. Fiscal Policy; Boxes; 1. How did the Program Deal with General Government Arrears?; C. Monetary and Exchange Rate Policy; D. Financial Sector; 2. The European Bank Coordination Initiative; V. Did the Program Achieve its Objectives?
- VI. ConclusionsTables; 1. Structural Conditionality and Prior Actions Under 2009 SBA; 2. Quantitative Program Target and Actual Values Under the 2009 SBA; 3. Selected Economic Indicators, 2008-11; Figures; 1. Program Baseline Scenario; 2. 2009 SBA Program Projections; 3. Macroeconomic Indicators: Cross Country Comparison; 4. Fiscal Adjustment During the Program; Annex; 1. Romanian Authorities' Views on the Ex-Post Evaluation
- Isbn
- 9781475581164
- Label
- Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement
- Title
- Romania
- Title remainder
- ex post evaluation of exceptional access under the 2009 stand-by arrangement
- Statement of responsibility
- prepared by the interdepartmental staff team
- Title variation
- Romania, ex post evaluation of exceptional access
- Language
- eng
- Summary
- This paper discusses ex-post evaluation of Romania's exceptional access under the 2009 Stand-By Arrangement. Concerns about Romania's external and fiscal sustainability have triggered significant increase in external borrowing costs as sovereign yields jumped to 9 percent. Banks also came under increasing pressure, with liquidity drying up from the interbank market. Rollover risks also increased as the maturity structure gradually deteriorated, and reserves coverage of shorter-term external debt declined. The large and front-loaded financing along with upfront fiscal actions has helped quickly to restore market confidence, with a successful return to private financial markets during the program period
- Cataloging source
- DJB
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- Government publication
- international or intergovernmental publication
- Index
- no index present
- LC call number
- HC59.15.I15
- LC item number
- No. 12/64 ONLINE
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/relatedWorkOrContributorName
- International Monetary Fund
- Series statement
- IMF country report
- Series volume
- no. 12/64
- http://library.link/vocab/subjectName
-
- International Monetary Fund
- International Monetary Fund
- Loans, Foreign
- Romania
- Romania
- Economic indicators
- Economic history
- Economic indicators
- Economic policy
- Loans, Foreign
- Romania
- Label
- Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement, prepared by the interdepartmental staff team
- Note
- "March 2012."
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- Cover; Contents; I. Introduction and Summary; II. Why did Romania Request Fund Assistance?; III. Was the Program Design Appropriate?; A. Program Design and Objectives; B. Adequacy of the Financing Package; C. Were the Exceptional Access Criteria Met?; D. Was the Conditionality Appropriate?; IV. Was the Policy Response Appropriate?; A. Macroeconomic Forecasts; B. Fiscal Policy; Boxes; 1. How did the Program Deal with General Government Arrears?; C. Monetary and Exchange Rate Policy; D. Financial Sector; 2. The European Bank Coordination Initiative; V. Did the Program Achieve its Objectives?
- VI. ConclusionsTables; 1. Structural Conditionality and Prior Actions Under 2009 SBA; 2. Quantitative Program Target and Actual Values Under the 2009 SBA; 3. Selected Economic Indicators, 2008-11; Figures; 1. Program Baseline Scenario; 2. 2009 SBA Program Projections; 3. Macroeconomic Indicators: Cross Country Comparison; 4. Fiscal Adjustment During the Program; Annex; 1. Romanian Authorities' Views on the Ex-Post Evaluation
- Control code
- 782019482
- Extent
- 1 online resource (32 pages)
- Form of item
- online
- Isbn
- 9781475581164
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Specific material designation
- remote
- System control number
- (OCoLC)782019482
- Label
- Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement, prepared by the interdepartmental staff team
- Note
- "March 2012."
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- Cover; Contents; I. Introduction and Summary; II. Why did Romania Request Fund Assistance?; III. Was the Program Design Appropriate?; A. Program Design and Objectives; B. Adequacy of the Financing Package; C. Were the Exceptional Access Criteria Met?; D. Was the Conditionality Appropriate?; IV. Was the Policy Response Appropriate?; A. Macroeconomic Forecasts; B. Fiscal Policy; Boxes; 1. How did the Program Deal with General Government Arrears?; C. Monetary and Exchange Rate Policy; D. Financial Sector; 2. The European Bank Coordination Initiative; V. Did the Program Achieve its Objectives?
- VI. ConclusionsTables; 1. Structural Conditionality and Prior Actions Under 2009 SBA; 2. Quantitative Program Target and Actual Values Under the 2009 SBA; 3. Selected Economic Indicators, 2008-11; Figures; 1. Program Baseline Scenario; 2. 2009 SBA Program Projections; 3. Macroeconomic Indicators: Cross Country Comparison; 4. Fiscal Adjustment During the Program; Annex; 1. Romanian Authorities' Views on the Ex-Post Evaluation
- Control code
- 782019482
- Extent
- 1 online resource (32 pages)
- Form of item
- online
- Isbn
- 9781475581164
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Specific material designation
- remote
- System control number
- (OCoLC)782019482
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Romania--ex-post-evaluation-of-exceptional/5tbs3N-DAS4/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Romania--ex-post-evaluation-of-exceptional/5tbs3N-DAS4/">Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement, prepared by the interdepartmental staff team</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Romania--ex-post-evaluation-of-exceptional/5tbs3N-DAS4/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Romania--ex-post-evaluation-of-exceptional/5tbs3N-DAS4/">Romania : ex post evaluation of exceptional access under the 2009 stand-by arrangement, prepared by the interdepartmental staff team</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
