The Role Of Compensation In Money Market And New Money Market Instruments Open
Source: Munich Personal Repec Archive
Creation and proper functioning of the money market in Romania is subject to a preponderant constancy of private property, to support competition as a factor increasing the efficiency of the economy. Appearance money market in Romania is related to the transformations that have manifested in the country since 1989. As a mechanism of market economy, can not talk about them in existence before 1989. In a centralized economy, instruments, financial categories have ceased to reflect the actual situation in the economy. Fixing of prices with a high dose of subjectivism has generated the emergence of profitable enterprises without their own merits and others with losses that were not responsible for their financial situation.