Challenges of ROBOR growth

Jenica Popescu and Bogdan Popa
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Jenica Popescu: University of Craiova, Faculty of Economics and Business Administration
Bogdan Popa: University of Craiova, Faculty of Economics and Business Administration

Finante - provocarile viitorului (Finance - Challenges of the Future), 2018, vol. 1, issue 20, 53-61

Abstract: The paper presents the evolution and causes of ROBOR growth between May 2013 and July 2018, bringing arguments that invalidate some opinions advocated by the pro-bank analysts' choir on the determinants of the ROBOR index growth. Our analysis led us to the conclusion that inflation in July 2017 to date means a small part of ROBOR's increase, and considering bank liquidity as responsible for ROBOR growth is inadequate. The ROBOR value is the effect of a bilateral oligopolistic market, and this value (imposed in the calculation of interest) distorts the credit market.

Keywords: eaverage interest rate on interbank credits; bank liquidity; inflation; NBR interest rate; bank deposits. (search for similar items in EconPapers)
JEL-codes: E44 G21 M21 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2018:i:20:p:53-61

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