Romania’s Implication in the Global Financial Cycle

Authors

DOI:

https://doi.org/10.26458/1633

Keywords:

global financial cycle, international production networks, emerging economies, gross external debt, net external debt, financial integration, international investment position.

Abstract

In this article we intend to approach the global financial cycle and the international production networks, as well as Romania’s international investment position through its main components. The targets relate to: the global financial cycle and the recent experience of emerging economies, describing global production networks, the implications of extending international production networks, the influence of trade integration on economic development. Also, we approach the evolution of investments in our country in 2015, with reference to international reserves, gross external debt and net external debt. Drawn conclusions refer to mitigating the contagion effects generated by the increase of the degree of global financial integration. 

Author Biography

Elena Gurgu, ''Spiru Haret University", Faculty of Economic Sciences, Bucharest

Born on 20/02/1974, assoc. prof. PhD. Elena Gurgu is now vice-dean of the Faculty of Economic Sciences, Spiru Haret University, Bucharest, being specialized in supporting lectures and master degree courses in international economics and finance, public relations and corporate speech. She is also accredited and active trainer since 2010 till present. In USH her activity takes place within several committees , is also member of several national or international scientific and research societies and associations, and reviewer in some journals indexed in IDB. She is currently managing the master's programs in Marketing inside the  Faculty of Economic Sciences. Begining 2016 she is envolved in scientific research field as deputy chief editor of Annals of Spiru Haret University. Economic Series, a jounal with a tradition of 16th years in academic  research field. Her personal biography can be found in the pages of Who is Who - Encyclopedia of Personalities in Romania.Further details about her publications, academic and research career at:http://se-b.spiruharet.ro/prezentare-facultate/cadre-didacticeYou can access her papers on SSRN at:http://ssrn.com/author=1307203ORCID ID: http://orcid.org/0000-0001-6964-8516

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Published

2016-09-30

How to Cite

Gurgu, E., & COCIUBAN, A. (2016). Romania’s Implication in the Global Financial Cycle. Annals of Spiru Haret University. Economic Series, 16(3), 37–51. https://doi.org/10.26458/1633

Issue

Vol. 16 No. 3 (2016)

Section

ACADEMIA PAPERS