Applying a uniform monetary policy by all European Union member states also require harmonization of monetary policy instruments and national interbank market integration also. Monetary policy instruments used by NBR (National Bank of Romania) have evolved over time as a result of alignment with...

Periodically, there are raised discussions regarding a liquidity crisis following the possibility of massive cash withdrawal from Romania, operation that is likely to be initiated by foreign banks. The paper analyzes the evolution of liquidity based on statistical data from August, September and...