THE CONSEQUENCES OF THE FINANCIAL CRISIS ON THE ROMANIAN BANKING SYSTEM

Nicolae Petria
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Nicolae Petria: Lucian Blaga University of Sibiu

Revista Economica, 2016, vol. 68, issue 3, 114-126

Abstract: The financial globalization determined the amplification of financial interconnections, increased the system complexity and efficiency, sped-up the undergoing financial flows, but also led to the rapid transmission of shocks and negative consequences of the crisis affecting the banking system. Europe and especially the Eurozone are confronted with the most severe banking crisis since the introduction of EMU and until now.

Keywords: banking crisis; Romanian Banking system; banking oversight; liquidity; solvency (search for similar items in EconPapers)
JEL-codes: G15 G2 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:68:y:2016:i:3:p:114-126

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