The Reform of the Romanian Banking System

Deca Claudiu ()
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Deca Claudiu: “Ovidius” University of Constanta, Faculty of Law and Administrative Sciences

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 323-327

Abstract: Anyone who has been familiar with one of the most rigid banking systems in former socialist countries would now be surprised of the relative transformations that have occurred within the Romanian banking system and within the financial sectors, and of the progress which has been realized. The promotion has not been related only to the development of several institutions and to the implementation of the transaction from a unique bank to a double stratified system. Laws and governmental decisions have led to the rapid development of millions of new economic agents and to the transfer of their financing task from the state budget to the banking system. In order to understand these changes, it is necessary to present the structure of the banking system before the year of 1990, a system which was similar to that of all centralized economies.

Keywords: banking system; reform; international systems (search for similar items in EconPapers)
JEL-codes: E5 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xi:y:2011:i:9:p:323-327

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