Revista OEconomica

Mirea-Gheorghe BERECHET, Miruna-Mihaela MIREA, Andreea-Raluca NEDELCU - AI in Library and Information Science (LIS): Issues, Implications and Innovations

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Silviu CERNA

Universitatea de Vest din Timişoara

In the past two years, Romania has once again experienced high inflation. Initially, it appeared as if the inflation was temporary and caused exclusively by external factors, such as tensions in the international raw materials market and supply difficulties – in the context of the strong relaunch of the world economy after the discharge of the restrictions imposed by the pandemic. Subsequently, it was found that inflation is persistent and fuelled by internal factors, which have an effect not only on the demand, but also on the supply. In the short term, the most recent and perhaps most important cause of inflation is the rising energy prices exacerbated by the war in Ukraine. In the medium and long term, inflationary pressures will probably intensify due to structural factors, such as imbalances in the economy, the transition to green energy, which is more expensive, investment stagnation, demographic decline, and so on.

ŒCONOMICA no. 3/2023

Keywords: money, inflation, banking, crisis, recovery, Romania

JEL: B52, E62, G21, N10, O23

The Impact of Inflation upon Banks

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