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Posted on: March 2nd, 2018 by RaduC No Comments

The wealth destruction of the Romanian households

01-11-2019 3:26 pm

I know that it sounds grand and dramatic. Mainly in Romanian, as in the Anglo-Saxon financial literature the notion of „wealth destruction” does not herald a piece of tabloid news. The concept is as serious as it gets, discussed in earnest and debated even at academic tables. A Reuters title announced that 2008 alone saw a $11.2 trillion fall in household wealth in the US. Later, in 2009 they lost a further $14 trillion. That is the GDP equivalent of the US in 2008. It was the result of collapsing interest rates, stock and property markets. These are the exact factors that will eventually lead to the erosion of households wealth in Romania as well. The question on the lips of many is: is it possible to talk about wealth destruction in a steadily growing economy, in a country with double-digit wage growth? The answer is “Yes, it is”, even in an economy such as this, household

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The wealth destruction of the Romanian households

01-11-2019 3:26 pm

I know that it sounds grand and dramatic. Mainly in Romanian, as in the Anglo-Saxon

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Read article

The failures are also ours

01-04-2019 2:22 pm

At the beginning of the `90s when I started my studies to transition from being

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Collapsing ROE in Romania's financial services - Is this all Child's Play to you?

12-23-2018 7:26 pm

In a discussion I had before the Emergency Ordinance (EM) issued by the Romania

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Crisis or recession?

12-07-2018 5:17 pm

There is a long-standing misunderstanding in the public mind. It must be corrected

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Will Romania stay united?

11-30-2018 12:09 am

Such a question, asked on the 100th aniversary of the Great Unification, might

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