
Romania in the Banking Union: Why Local Supervision of Cross-Border Banking is not Enough
by Oana-Maria Georgescu The Banking Union has been widely debated as the panacea for breaking the vicious link between…
by Oana-Maria Georgescu The Banking Union has been widely debated as the panacea for breaking the vicious link between…
Disentangling the political from the economic causes of the Leu depreciation is not a trivial task and is subject to some degree of uncertainty. Our results clarify the ongoing political debate on whether the external environment - the effects of the economic crisis in the region - are to be blamed for the depreciation of the Leu or whether the main cause is the internal political turmoil generated by the impeachment of the President.