Stabilitatea financiară a României. Determinanți și proiecții pentru următoarele două decenii

Ensuring and maintaining the financial stability, in the long and very long term perspective, is an essential prerequisite for achieving Romania's sustainable development goals in the next two decades and accelerating the convergence process with EU member states. The study aims to analyze the main determinants of the financial stability (degree of financial intermediation, costs of bank financing, sustainability of public debt, foreign debt and international investment position, exports of goods and services, foreign direct investments). The current state of Romania from these points of view, the related gaps and vulnerabilities are presented, together with policies, mechanisms and tools that allow them to be achieved. The analysis based on the scenario method for designing the strategic directions and targets of Romania’s economic development over the next two decades highlights a number of aspects, trends and challenges regarding the modalities and ways of the transition to the development stage based on knowledge, innovation and competitiveness under the conditions of maintaining the financial stability