Reinventarea bancilor

Simona Gaftoniuc ()
Additional contact information
Simona Gaftoniuc: Bucharest Academy of Economic Studies, Romania

Romanian Economic Journal, 2009, vol. 12, issue 31, 31-42

Abstract: Fighting the crisis, the field of global banking is confronted with many difficult questions. Will banks survive or non bank financial institutions will dominate what has traditionally been defined as international banking? Will the new technology make the banker obsolete? One thing is clear “the good old days” are over and this thanks to deregulation, globalization and increasing competition from non bank sources of capital. To resist in a world in recession, the bank business requires a mix of new technical, financial and managerial skills and many sacrifices, costs and profits reductions, unheard a decade ago. In addition, more capital injections and guarantee may be necessary to cover the enormous losses and to ensure stability. The government injections of capital and public purchases of troubled assets, the asset guarantees are some of the government responses around the world for the recovery. Even the traditional European universal bank model is now under considerable pressure to change. Universal banks are forced to reconsider downsizing large personnel rolls, shedding numerous branches, seeking for best talents, be it through mergers or by firing redundant personnel and new technology acquisitions. The advent of the Euro, now at the 10th anniversary, eliminated an important source of easy profits for speculators and protected better against crisis inside the Euro zone. Facing up the new challenges and reality, the recently integrated European countries are making serious efforts to improve competitiveness, seeking out new strategies in order to adopt earlier the Euro.

Keywords: disintermediation; credit crunch; subprimes; consolidation; banking models (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rejournal.eu/sites/rejournal.versatech. ... imona20gaftoniuc.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:12:y:2009:i:31:p:31-42

Access Statistics for this article

Romanian Economic Journal is currently edited by Ioan Popa, PhD

More articles in Romanian Economic Journal from Department of International Business and Economics from the Academy of Economic Studies Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Radu Lupu ().