Considerations on the Dollarization of Romanian Economy  Cover Image

Consideraţii privind dolarizarea economiei româneşti
Considerations on the Dollarization of Romanian Economy

Author(s): Florenţa Tecuşan, Liana Rodica Pater
Subject(s): Economy
Published by: Editura Eurostampa
Keywords: national and foreign currency; inflation rate; currency market

Summary/Abstract: In the countries where the national currency is under inflation pressure and the exchange rate is much lower than the hard currency, people frequently use foreign hard currency as exchange means or as a means for keeping the value, a practice that leads to the proliferation of the exchange on the black market. The use and possession by the residents of a country of foreign assets and currency which are partially or totally substituting the national currency is known as “dollarization”.

  • Issue Year: XIV/2008
  • Issue No: 14
  • Page Range: 79-82
  • Page Count: 4
  • Language: English