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The Exchange Rate Crisis Comes After a Year of "Euroization" of the Economy: Scared by Inflation-Specific Interest Rates in Lei, Companies Took Out Loans in Euros
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The increased attention paid these days to the evolution of the leu/euro exchange rate is also justified by the recent changes in financial behavior of both companies and consumers — companies prefer to borrow in foreign currency, while the population prefers to save in euros. The evolution of bank lending indicates an increasingly pronounced preference of companies […] The article The exchange rate crisis comes after a year of “euroization” of …
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