Romanian Macroeconomic Vulnerability in Terms of Credit Risk – a Restructuring Procedures Perspective

Sãveanu Cristina ()
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Sãveanu Cristina: ,,Alexandru Ioan-Cuza’’ University of Iaºi, Doctoral School of Economics

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 572-575

Abstract: Access to finance remains one of the fundamental problems of Romanian economy and part of a series of indicators that determine the macroeconomic vulnerability. This paper aims to assess a state of vulnerability using IMV (Macroeconomic Vulnerability Index). This index is modified in order to reflect the influence of credit risk, from a particular point of view – the restructuring procedures perspective. Lending to firms that are facing a restructuring process is a very risky goal for banks, but at the same time a must for overcoming the financial crisis. The results are significant for the economic context and lead to the conclusion that lending for restructuring is an opportunity for growth.

Keywords: credit; risk; economic vulnerability (search for similar items in EconPapers)
JEL-codes: E44 E51 G32 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:572-575

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