At different stages, all countries of the world are going through the demographic ageing process, with the most diverse economic and social implications. Romania has entered this process since the communist period, as a result of both the demographic transition and the transformations imposed by...

This paper studies the effect of implementing fiscal rules on sovereign default risk and on the probability of large capital ow reversals for a large sample of countries including both developed and emerging market economies. Results indicate that fiscal rules are beneficial for macroeconomic...

At different stages, all countries of the world are going through the demographic ageing process, with the most diverse economic and social implications. Romania has entered this process since the communist period, as a result of both the demographic transition and the transformations imposed by...