BANKING CRISES AND THEIR IMPLICATIONS ON THE FINANCIAL SYSTEM
Carmen Obreja and
Dan Armeanu (darmeanu@yahoo.com)
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Carmen Obreja: Academy of Economic Studies, Bucharest
Theoretical and Applied Economics, 2008, vol. 11(528)(supplement), issue 11(528)(supplement), 244-249
Abstract:
Banking crisis are harm as they generate a interruption in the economic activity. The collapse of the payment systems causes the interruption of the large scale transactions and may lead to the collapse of out-put. The episodes of crises are typically associated with a deterioration of the banks balance sheets and the debtors status. Due to the fact that banks are important source of finance, the reduction of credit may lead to a reduction of investments and consume. Another characteristic of banking crisis is that they lead to the insolvency of a great part of the banking system. However, the banking crisis do not affect only the banking system but they also have deep implications on the whole economic activity.
Keywords: banking crisis; reorganization; bankruptcy; non refunded loans; emergent countries. (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:244-249
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