THE EVOLUTION AND COLLAPSE OF THE MARMOROSCH-BLANK BANK

Ion Vorovenci

Business Excellence and Management, 2015, vol. 5, issue 3, 40-54

Abstract: The modern age of Romanian economy begins with the opening of the Black Sea trade. That creates favorable conditions for mass migration of foreign populations especially Hebrew, persecuted in the Ukraine and Poland to Moldavia and Wallachia. They will help harness Romanian products on the deployment of feudal relations and the development of industry and banking institutions. By mid-century could not question the establishment of banks, the conditions are unfavorable, but this is what has enabled the handler of money to loan sharks to get rich. They are not only Hebrew, some of them are coming from south of the Danube Macedonia. Marmorosch-Blank Bank was born under these conditions, making it one of the most important Romanian banks that contributed to the development and modernization of Romania for more than half a century. Great economic crisis that marked the world economy had an impact on the global banking system including one in Romania, leading to the collapse and bankruptcy of Marmorosch-Blank.

Keywords: : Merchant; Usurer; Banker; Bankruptcy (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rom:bemann:v:5:y:2015:i:3:p:40-54

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