THE FINANCIAL CRISIS: A NEVERENDING STORY

Radulescu Magdalena, Jianu Elena and Zamfiroiu Tatiana
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Radulescu Magdalena: UNIVERSITY OF PITESTI
Jianu Elena: UNIVERSITY OF PITESTI
Zamfiroiu Tatiana: UNIVERSITY OF CRAIOVA

Annals - Economy Series, 2015, vol. 5, 10-15

Abstract: The global financial shock had symmetrical effects across the Eurozone: the cross-border financial flows decreased in 2008, and the investors ˑrераtriаted the funds towards home markets and re-evaluated the level of their international exposure. In the banking area, large mergers and aquisitions took place before the crisis and large banking group were created. This concentration process in the banking sector continued in the crisis context, because the banks performance dropped signifiantly. The Romanian banking system was less affected by the crisis, since it was not exposed to toxic assets, as well as due to the prudential and administrative measures adopted by the National Bank of Romania. Still, for Romania, but also for the entire Europe, the danger didn’t dissapeared. The Greek situation and the Ukrainian conflict represent a challenge for the achieved stability in the European area.

Keywords: financial crisis; banking system; European measures; Romania. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:5:p:10-15

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