Globalization and Integration into The Economic and Monetary Union-Challenges for Banks Operating in Romania
Coralia Emilia Popa ()
Additional contact information
Coralia Emilia Popa: University of Craiova, Romania
Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 2, 205-212
This paper aims to present recent evolution, but also the consequences of globalization of the banking sector, considering different approaches of this phenomenon. Over time, the banking field has undergone important changes in both the applicable law of this area, and through the technologies used in satisfying the customers’ needs. The development of international markets has led to new opportunities and challenges for banks that transformed the domestic financial market into an arena where only the best survive and grow. On these grounds and in strict relation to positive and negative effects of globalization, we can speak of a constant evolution of its most important subsystems - the financial subsystems of the global economy. In this paper special importance is given to the banking field, the article presenting arguments through which this complex phenomenon called globalization may have important consequences on financial supervision and regulation.
Keywords: globalization; banking system; Economic and Monetary Union (search for similar items in EconPapers)
JEL-codes: F62 F33 E22 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:12:y:2012:i:2:p:205-212
Access Statistics for this article
More articles in Annals of the University of Petrosani, Economics from University of Petrosani, Romania
Bibliographic data for series maintained by Imola Driga ().