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OECD Capital Market Review of Romania Romania In the years before the COVID-19 pandemic, Romania enjoyed strong economic growth, which reduced the gap in terms of income per capita with high-income European Union (EU) economies and resulted in a decline in unemployment. However, the global economic shock caused by the COVID-19 pandemic has aggravated a number of long-term structural challenges in the Romanian corporate sector and capital markets. In particular, the use of market-based financing by the corporate sector is very limited compared to other markets in the region. This represe...
2020 APEC Economic Policy Report Click image to preview Share on Description The 2020 APEC Economic Policy Report on Structural Reform and Women’s Empowerment offers an opportunity for APEC member economies to collaborate and build meaningful policy recommendations that further our efforts to realise women’s full economic potential and comprehensive integration into the region’s economy. The report aims to build capability in APEC economies to identify and implement structural reforms and supporting policies that empower women to engage fully and equally in economic activities, thereb...
Monetary Policy: From Tool to Help States Make Structural Reforms to Excuse Not to Carry Them Out Commentary The constant financing of deficits in countries that perpetuate structural imbalances has not only not helped to strengthen growth, since the eurozone and the United States already suffered downgrades of estimates before the COVID-19 crisis, but is also driving inflation higher. Monetary policy has been ultra-expansive for more than 10 years, in crisis, recovery, growth, and stabilization. In fact, the central bank becomes hostage to states that don’t reduce their structural imbalanc...
All-virtual ABA Midyear Meeting offers multiple days of free events and programs Image from Shutterstock.com. ABA members from across the country are convening virtually this week for the 2021 ABA Midyear Meeting. The annual event, which runs from Wednesday, Feb. 17, through Monday, Feb. 22, offers a full roster of special events, educational programs and networking opportunities. It also includes meetings of the Board of Governors, House of Delegates and other association entities. The 597-member House of Delegates will consider and vote on about 30 proposed resolutions and amendments du...