Institutional Economics (Once Again) in the Spotlight of the Nobel Prizes
This year’s laureates of the Nobel Prize for Economics are Daron Acemoglu, Simon Johnson and James Robinson, three authors renowned for their studies on institutions and the impact of institutional factors on economic prosperity. Their most representative work is Why Nations Fail: The Origins of Power, Prosperity, and Poverty (2012), which
Vote of Confidence – A New Chapter of Responsibility
Receiving the vote of confidence and being appointed as Vice Governor of the National Bank of Romania is an honour, and it thus opens a new chapter of commitment and responsibility, both professionally and institutionally. My professional journey, spanning over 25 years in the academic and scientific fields, and focused on key areas of
From Tokyo to Wall Street: Stock market turbulence with butterfly effect?
On Monday, August 5th, global financial markets were deeply shaken, in a day nearly as “black” as the one in 1987 in terms of stock market declines: the NASDAQ 100 index lost 6.45%, and the S&P 500 fell by 12.4%. On the same day, the VIX index, also known as Wall Street’s “fear index,” rose to 41.8%, reflecting volatility and anxiety in
Energy transition: between green objectives and economic competitiveness
Hosting the Fifth Ministerial of the Partnership for Transatlantic Energy and Climate Cooperation this year, Romania brings together relevant actors – business communities and policy decision-makers. In this context, we are convinced that the most important two concepts of the current challenging times, security – on the one hand,
Preparing for OECD – Responsible Reforms and Policies
Joining the OECD and embracing its values, especially in the current context, will allow Romania to achieve a better alignment with the OECD motto: “better policies, better lives”/ The preparation for accession is not an easy task, but Romania will benefit from the advantage of international expertise, which must be accompanied by
