Ramona Orastean

Lucian Blaga University of Sibiu · Faculty of Economic Sciences

Bitcoin and Ethereum are the two largest cryptocurrencies in the world by market capitalization and trading volume and the most popular despite high price fluctuations. This paper analyzes the relationship between Bitcoin and Ethereum metrics and the internet search interest on cryptocurrencies. As the literature shows, Google searches signal inves...

As China’s position in the global economy has gradually improved, the importance of debates on the role of the renminbi in the international monetary system has significantly increased. This paper uses bibliometric methods—Bibliometrix R-package and its web-based graphical interface Biblioshiny—applied to data imported from Web of Science and Scopu...

E-health represents an important tool for improving quality and accessibility of healthcare for citizens. The EU4Health is the core health policy for 2021-2027 in European Union and one key dimension in the implementation of this program is digitalisation. The purpose of our study is to show the differences and progress among the EU member states i...

The COVID-19 virus outbreak generated new questions about the health policy all over the world. Last several years’ evolutions proved that short-term financing solutions could help health systems to deal with shocks, but the research regarding the relationship between the ability to react to unexpected events such as pandemics and steady long-term...

This volume highlights current research and developments on organizations and (their) performance against the background of ubiquitous complexity. It investigates some of the challenges and trends dominating the complex world of nowadays and the ways organizations are dealing with them in their continuous search for performance. The papers in the v...

The paper analyzes if the international monetary system calls for reform and whether China and the renminbi will play a decisive role in the post COVID-19 world. It also evaluates the main scenarios and trends that is being discussed since the global crisis – selecting the relevant authors, journals, institutions and opinions – examines present con...

Brexit became an important subject not only for academics but also for international institutions, research centers and consultancy companies, think tanks and independent experts. The aim of this article is to: (1) provide a general approach of the literature; (2) see how the effects of Brexit are explained in such short-term approach and how impor...

Since 2012, there has been growing interest in bitcoin scientific research from different fields, including computer science and engineering, economics, business and finance, law and regulatory. The purpose of this paper is to evaluate bitcoin literature based on the structures and networks of science, as a first step in the research of this new ph...

The international banking system after the global crisis is a system different from the one before, as a result of the crisis itself and global developments (shifts in global economic power, demographic and social change, new regulations, advances in technology and new customer behaviors). This paper analyzes the developments in the banks’ business...

This proceedings volume provides current research on emerging issues in business, economics and finance in the global economy with particular emphasis on Eastern Europe. Featuring selected papers from the 2017 International Economics Conference in Sibiu (IECS) organized by the Lucian Blaga University of Sibiu, Romania, the contributing chapters con...

In the context of globalization, global financial crisis reflected the evolution of the relation global finance - global economy. The paper focuses on two issues. First, we review a part of the literature regarding the costs and benefits of financial globalization and the links between financial globalization, global imbalances and crises. Second,...

The literature on determinants of International Monetary Fund (IMF) interventions in emerging and developing countries shows that the IMF’s decisions are determined by political and economic causes. This article empirically investigates economic factors, showing that a country’s probability to sign an IMF arrangement can be predicted by looking at...

The paper analyses the official use of international currencies as reserve currency (store of value) and anchor currency (unit of account). Examining the role as a reserve currency we note that the US dollar is the main reserve currency even if it recorded a decline given the decrease of the value of the US dollar reserve holdings and the gradual d...

This paper presents the evolution of the IMF lending arrangements approved between 1953-2013. The study covers both non-concessional and concessional loans. The findings show that the volume of the IMF loans has fluctuated significantly and the value of the IMF lending has increased over a period of economic or financial crisis, as the debt crisis...

The paper reveals the growing importance of the Chinese currency (yuan/renmimbi) in the international monetary system through its prospects as a possible alternative to the US dollar and euro or as part of a multipolar international monetary system that emerges. Even if the internationalization of the China’ currency has progressed, the yuan/renmim...

This paper examines the dynamics of sector concentration in Romania starting from two basic questions: how concentrated the economic activities are and what factors determine the economic concentration. The lack of availability of concentration ratio series for Romanian economy has limited the research in this field. The paper reports the concentra...

The paper analyzes the relation between degree of economic globalization and the impact of economic crisis for developed and emerging European countries. We measure economic globalization through indexes based on share of external trade in GDP and FDI intensity (% of FDI inflows and outflows divided by GDP). The complexity of current economic and f...

The main challenges for the New Member States after joining the European Union were Euro adoption and dealing with the economic crisis. This paper explores the impact of the economic crisis on the New Member States of European Union, both to the four NMS countries that joined the euro area, and also for the eight countries which intend to do this i...

The financial crisis calls for a reform of the international monetary system and its institutions, so that they can more adequately reflect changing economic weights in the world economy and be more responsive to future challenges. This paper presents some contributions to the debate on the reform of the International Monetary Fund and internationa...

Deployment of international financial and monetary relations, regardless framework that you take - institutional or otherwise - requires existence of certain basic elements: the type of currency practices; acceptance date convertibility, foreign exchange arrangements adopted for defining the value of a currency, monetary instruments accepted as mea...

The paper approaches the problem of credit risk in the Romanian banking system, given the need for its proper management in the context of credit expansion on a global scale. The link between the current financial crisis and credit risk can be considered in two-ways: production of credit risk is a cause for triggering the current crisis; the expres...

US dollar is currently the most important currency in which foreign exchange reserves of different countries are set up, it being found both at the central banks and international financial institutions. Only very liquid currencies, stable and acceptable as a means of payment in a large economic area have the potential to become major currencies in...

Romania face the question of whether and in what time frame the economy will be capable of fulfilling the conditions for entering into the euro area. In general, those conditions can be understood as attaining such parameters in various fields of economic life that will ensure successful operation of the economy in the environment of the single mon...

Preoccupations determined by measuring the level of concentration are fully justified taking into consideration the effects of concentration over the competitive environment. Studies made in different periods and countries show that the occurrence of concentration and its effects can be explained by different causes. This paper is focused on concep...

Organizations grow and develop continuosly and information volume grows in the same rythm, which makes from improvement or changing the old counting systems an imperative. More and more companies, instead of continuing to invest in small applications choose integrated informational solutions, which are adapted to the user’s daily needsfrom, all dec...

At present, the world economy is dominated by three poles – the USA, the European Union and Japan – among which there should be real co-operation to ensure the international stability on all levels. The introduction of the euro was perceived by the experts as the beginning of the competition among the currencies on the international financial marke...

Romania is among the countries that are vulnerable to the sovereign debt crisis in Europe. As a result of the global crisis, public sector deficit and debt level increase from 2007 to 2009. Deficit remains high in 2010, with only a modest reduction, while debt level continues to rise. This paper analyzes Romania’ vulnerabilities to sovereign debt c...

Since 2008, the G20, the US and the EU have taken important steps to safeguard financial stability and reshape the global financial system. Some arrangements are being put in place at the national, regional and international level. The regulatory framework includes now OTC derivatives, hedge funds and credit rating agencies. At the EU level, it was...

The main objectives of this paper are: determining the extent to which the indicators of nominal convergence reflect the reality of the Romanian economy, in order to find an optimal correlation between nominal and real convergence from the point of view of a dualist approach, meaning that there are opinions according to which nominal convergence (b...

EU enlargement is not complete without the new member countries joining the eurozone. This paper makes an economic analysis of some theoretical and empirical aspects on which the success of the European Monetary Union enlargement will depend. Because the new EU member states are characterized by asymmetric shocks and low flexibility on the labor ma...

The process of choosing the exchange rate regime for the new EU member states has been influenced by other criteria than the traditional ones, which belong to macroeconomic criteria. This paper make a comparative analyze of the exchange rate arrangements in Central and Eastern European after 1990. These arrangements are dynamic on the one hand due...