 The impact of Lehman Brothers on Romanian banks listed on BVBIoan Nistor and Maria Ciupac-Ulici Finante - provocarile viitorului (Finance - Challenges of the Future), 2010, vol. 1, issue 12, 21-28 Abstract: The current economic crisis was defined by analysts as the worst financial crisis since the Great Depression of the 30’s, countries under development being confronted with an accelerated reduction in the economic growth and labor force, negative impact on the commercial balance sheet and balance of payments, severe drop of private net capital flows and direct external investments, reduced access to loans and trade financing, exchange rate fluctuations, reserve meltdown, increased volatility and price decrease for stocks. In this paper, we try to identify if there is an impact of Lehman Brothers stock on Romanian banking stocks listed on Bucharest Stock Exchange. We can say that a significant impact on reducing Romanian banks securities was prompted by the economic situation (financial crisis international) and less by U.S. bank, Lehman Brothers, bankruptcy. Keywords: Romanian banks; Lehman Brothers collapse; ARCH/GARCH model (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2010:i:12:p:21-28 Access Statistics for this article Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC. |
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