The adjustment of banking systems to the demands of contemporary economies

Rodica Viorica Coana and Iudit Fodor
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Iudit Fodor: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2010, vol. 1, issue 11, 250-253

Abstract: The economy is going through a period of unprecedented financial and economic crisis in the last half century, driven by a collapse whose root causes are found in the U.S. housing sector. Problems in the U.S. economy have expanded real estate and other areas of activity not only in the United States because relatively complex mechanisms for transfer of credit risk imposed by financial intermediaries. According to Federal Reserve Chairman Alan Greenspan U.S. by 2006, the wave of instability caused by 'credit tsunami occurs once a century "evolved from one sector to another, first in the banking sector and real estate other financial markets, then all matters affecting the real economy.

Keywords: banking crisis; global markets; credit growth (search for similar items in EconPapers)
JEL-codes: E51 G01 G21 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:250-253

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