Silviu Cerna
Silviu Cerna
Economist, Professor, Ph.D., the West University of Timișoara, expert in monetary policy and banking systems
Protectionism: “Fairness” Is the New “Freedom”

Protectionism: “Fairness” Is the New “Freedom”

Lately, the media and the Parliament have triggered debates on adopting protectionist measures: granting subsidies, “51% Romanian goods” quotas in supermarkets, restricting the selling of land to foreigners, closing large shops during the weekend, etc. The arguments rely on the need to support domestic capital, to secure food and/or energy, bailing out even loss making companies and avoiding unemployment. More

No. 2, Nov.-Dec. 2016 2016


The Banks in the Economy

The Banks in the Economy

The recent legislative initiative, called “Resolution Agency Law”, gave rise to intense discussions, which have not lacked in demagoguery and populist, anti-capitalist and anti-Western overtones. Beyond the latent dangers posed by the underlying substance of these tendencies, the major problem is that the project “may generate a systemic risk in the banking sector, inducing risks and endangering the financial sector stability with implications for the entire economy” (EC, Romania Country Report 2016, Brussels, 26.2.2016, p. 2-3). More

No. 1, Sep.-Oct. 2016 2016


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OEconomica No. 1, 2016