01935cas a2200241 a 4500 AALejournalIMF013744 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475541656 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Romania : Romania-Seventh and Eighth Reviews Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criteria. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (101 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Romania's Seventh and Eighth Reviews Under the Stand-by Arrangement and Request for Waiver of Nonobservance of Performance Criteria. Continued strong fiscal consolidation would enable Romania to exit the EU Excessive Deficit Procedure by mid-2013; prudent monetary policy kept core inflation low, and close supervision buttressed banking sector stability. Fiscal and international reserves buffers and a well-capitalized banking sector provide a cushion against shocks. Market sentiment toward Romania improved as political uncertainty subsided in the aftermath of the December 2012 parliamentary elections, which the ruling coalition won. Structural reforms, however, advanced slowly, and the recovery has lagged behind that in most other European emerging economies. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/204 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/204/002.2013.issue-204-en.xml IMF e-Library