The Macroeconomic Context - A Favourable Factor to Continuous Change and Extending Banking Risks

Elena Chirulescu-Ciucasu ()
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Elena Chirulescu-Ciucasu: BCR, Braila County Branch

Acta Universitatis Danubius. OEconomica, 2007, issue 1(1), 95-107

Abstract: Globalization, as a contemporary source of the capabilities and risks, is a reflecting theme for every domain of environment and research. In the new economy, financial globalization, which already has an appreciable record of manifestations, is a phenomenon with deep consequences on the mechanism of the world economical activities. A hierarchical order of rules and responsibilities together with the profound manifestations are the coordinates of our contemporary existence and they represent the base of systemic risks. Hence, the implementation of Basel standards is controversy; it may represent a competitive advantage including Romanian banks as Romania is now a European country.

Keywords: financial globalization; banking risk (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2007:i:1:p:95-107

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