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Romania's Stabilization.pdf

GREDEG-WP-2019-43.pdf
Preview of Romania's Stabilization
🔗 Source: web.archive.org
📊 Size: 792 KB
👤 Author: Raphaël Chiappini, Dominique Torre & Elise Tosi
⬇️ Downloads: 107

Summary

The Banque de France conducted a mission to Romania between 1929 and 1933 to stabilize the economy and develop the country, accompanied by two loans. However, the Romanian authorities were unable to follow the French advice, and the cooperation failed, leading to a default in 1933. The Great Depression was not the primary cause of the failure, but rather two other reasons: a change in the repudiation costs of the loans and unadapted advice from the French mission that was too costly for the Romanian part to follow.

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Description

The Banque de France conducted a mission to Romania between 1929 and 1933 to stabilize the economy and develop the country, accompanied by two loans.

Technical Information

  • File Format: PDF
  • File Size: 792 KB
  • Pages: 36
  • Language: EN
  • Author: Raphaël Chiappini, Dominique Torre & Elise Tosi
  • Total Downloads: 107
  • Last Updated: 4 weeks ago

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