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Financial Inclusion and Vulnerabilities Generated by the International Crisis

Mirela Panait (), Irina Radulescu () and Catalin Voica ()
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Irina Radulescu: Petroleum-Gas University of Ploiesti, Faculty of Economic Sciences; Department of Affairs` Administration
Catalin Voica: Petroleum-Gas University of Ploiesti, Faculty of Economic Sciences, Department of Cybernetics, Economic Informatics, Finance and Accounting

Romanian Journal of Economics, 2018, vol. 47, issue 2(56), 71-81

Abstract: The international financial crisis has generated loss of confidence in the financial system. Internationally, the financial institutions are trying to regain the confidence of customers and investors, promoting the principles of ethics, transparency and social responsibility. Both low-income individuals and corporations are covered by the concerns of financial institutions because they may be involved in various programs of investments with social and environment impact. Financial inclusion programs run by banks or national financial inclusion strategies made by public authorities are designed to ensure the access of hard-to-reach populations, women and the rural poor to modern financial services. So, the vulnerabilities caused by the international financial crisis are managed by new instruments and financial strategies, standing out the involvement of international bodies or the national public authorities acting as market builder, policy framework developer and incentiviser through the tax system.the human development dynamics, while during the 1947-1999 period, the higher yearly average rate of human development was obtained especially due to the growth of the gross domestic product per capita.

Keywords: financial institutions; business ethics; social responsibility; international financial crisis (search for similar items in EconPapers)
JEL-codes: G01 G2 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:ine:journl:v:47:y:2018:i:56:p:71-81