Online ISSN 2286-0266
Print ISSN 1223-0685
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Silviu CERNA
Universitatea de Vest din Timişoara
The liberalisation of capital flows makes in the Romanian economy vulnerable to the important and presumably unstable capitals. These movements aren’t any more specific destabilizing phenomena: they are inherent for the convergence process and therefore should be considered in the elaboration and application of the economic policy.

ŒCONOMICA no. 4/2008
Keywords: economic development theory, bank, financial market, foreign exchange rate, capital flows, monetary policy, interest rate
JEL: E4, F2
Liberalizarea mişcărilor de capital – consecinţe asupra conduitei politicii monetare