THE CONSEQENCES OF THE GLOBAL FINANCIAL CRISIS REGARDING THE ROMANIAN BANKING SYSTEM

Ph.D Student Anca-Ioana Bumbeneci
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Ph.D Student Anca-Ioana Bumbeneci: University of Craiova, Romania, Bank Natixis Asset Management of Paris – France

Revista Tinerilor Economisti (The Young Economists Journal), 2010, vol. 1, issue 14S, 7-12

Abstract: Romania has not passed through a crisis as the existing one in the last 10 years. Despite the unfavorable conditions of economy, Romania, however, has sufficient advantages in comparison with other states which have been more seriously affected by the global crisis. Therefore, one of the economists’ greatest fears is that, because of decreased liquidities and the lack of confidence in Romania, the holding banks form Europe may let their branches in our country with less money than it should. BNR says that this thing is not going to happen. Romanian bankers sustain the same fact, and they say that credit lines, and that means the money put at the disposal of Romania’s banks by the European groups they are belonging to, will be at least at the same level as last year.

Keywords: Recessional period; global crisis; investments direct foreign; policy monetary; economic growth (search for similar items in EconPapers)
JEL-codes: G01 G21 P40 P47 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2010:i:14s:p:7-12

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