Banking ethics in the foreign direct investments from Romania

Lucian-Ion Medar
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Lucian-Ion Medar: Constantin Brancusi University, Faculty of Economics, Romania

Annals - Economy Series, 2011, vol. 3, 105-110

Abstract: Capital account liberalization created premises and allow Romania for final exit from the financial crisis. Promoting direct investment in Romania can lead to sustainable economic growth, create new jobs and thus, by selling labor set up new forms of saving, which will support investments. Banking ethics elements behind the development of direct investments in Romania are legislation, regulation and behavior of participants. Amid an emerging economy rocked by the global financial crisis, capital account liberalization has allowed entry direct investment, but allowed and the capital flight. Respect for ethics in the business financial banking groups provide, at least, economic development and upgrading the infrastructure of Romania.

Keywords: banking ethics; financial conglomerates; stakeholders (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2011:v:3:p:105-110

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