STUDY ON THE MONETARY MARKET AND STATE SECURITIES DURING 2020-2022

Denisa Osan, Maria Meszaros, Ayse Gozeller, Monica Ocnean, Krisztina Toth

Abstract


The onset of the COVID-19 pandemic led to an increase in uncertainty in the real economy and in the financial economy to record levels and at the end of the post-crisis economic cycle. In Romania, the ROBOR levels for the three-month and six-month maturities decreased by 30.7% to 2.03%, respectively by 31.4% to 2.10% between the end of February and the end of 2020, given that the National Bank of Romania (BNR) implemented a series of monetary easing measures: standard (including reduction of the reference interest rate from 2.50% to 1.50%) and unconventional (carrying out repo operations on a bilateral basis).


Keywords


real economy; financial economy; ROBOR levels; monetary easing measures

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Copyright (c) 2023 OSAN DENISA, AYŞE GÖZELLER, OCNEAN MONICA, KRISZTINA TÓTH KRISZTINA

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
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