The Romanian Banking System after EU Accession

Viorica Ioan, Monica Susanu () and Saftica Enachi ()
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Monica Susanu: Dunarea de Jos University of Galati, Romania
Saftica Enachi: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2011, 331-335

Abstract: Banks play an important role in the financial sector, in the proper functioning of economic entities and in the economy as a whole, therefore over time the establishment of a functioning banking system capable of delivering a wide range of products and services to meet the requirements of all potential customers has been a permanent concern. Considering the economic and financial reality, both internationally and domestically, each country and therefore, Romania is interested in creating a solid banking system, enabling the appropriate organizational framework in order to ensure a development of the financial mechanisms. The banking system as the basic element of the financial system, allows an efficient allocation of resources in the economy and, in order to function properly, we need to know the risks they face:a slow economic growth may cause losses due to difficulties in repaying bank loans, due to lower sales or lower wages, changes in asset prices may cause financial losses to investors, decreasing a sector of the economy which has monopolized the banks’ and investors’ attention.

Keywords: banking system; post-accession; capital adequacy; risk; financing; reform; banking law; bank assets; bank liabilities; dynamics (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2011:p:331-335

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