THE SLOW GROWTH OF FINANCIAL INTERMEDIATION THROUGH THE IMPLEMENTATION OF SUSTAINABLE MEASURES IN THE FIELD

Carmen Ghelase () and Mihaela Neculita ()
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Carmen Ghelase: Doctoral School of Socio-Human Sciences /Dunarea de Jos” University of Galati, Faculty of Economics and Business Administration, Romania
Mihaela Neculita: Doctoral School of Socio-Human Sciences /Dunarea de Jos” University of Galati, ,Faculty of Economics and Business Administration, Romania

Contemporary Economy Journal, 2024, vol. 9, issue 3, 79-96

Abstract: As countries develop, they tend to carry out a variety of economic activities, operate in larger markets and claim higher financial capital, adapted to growing needs. Financial intermediation plays an important role in such developed economies, to boost lending, efficiently allocating funds and providing protection and security for various financial transactions. The current research shows us that in Romania, bank lending remains the pillar instrument for financing investments and the banking system has defined its lending capacity in recent years. However, our country ranks last, in terms of the degree of financial intermediation. The article proposes concrete financial measures with a high degree of implementation difficulty but with a strong impact on the growth of sustainable financial intermediation in Romania. Classification-E50, E52, G20

Keywords: financial intermediation; slow growth; sustainable development; GDP per capita; credit banking (search for similar items in EconPapers)
Date: 2024
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