Liquidity - A Changing Concept, Within The Post Crisis Environment

Dan Costin Niþescu and Florin Alexandru Duna
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Dan Costin Niþescu: Bucharest University of Economic Studies, Romania
Florin Alexandru Duna: Bucharest University of Economic Studies, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2017, vol. 18, issue 4, 421-443

Abstract: The paper aims to reflect the deep correlations between liquidity and lending mechanisms, within the banking system, both at macro and micro/individual bank’s level, related to the post crisis economical context. Liquidity represents a very important indicator within the management of the banks, not easy to understand, monitor and use. The paper provides a unique mix of financial analysis on the top five Romanian bank’s indicators, integrated within a strategic analysis of the context, regulatory framework and evolutions impacting on liquidity and lending mechanisms. The introduction includes our motivation for drafting this research paper. The second part of the paper presents the rich and latest body of literature, focusing on the evolving role of the liquidity concept and the changing relationship with other relevant indicators, within the post crisis environment. The third part presents the methodology, database, the financial analysis for relevant indicators of the top 5 Romanian banks, but also the correlations and results of our research. The forth part reflects discussions and conceptual approaches on liquidity, in order to integrate our analysis within the context, due to deep and strategic changes. The last part represents our concluding remarks

Keywords: liquidity; regulations; capital adequacy; lending mechanism; banking system; liquidity risk management. (search for similar items in EconPapers)
JEL-codes: A11 D53 D81 E22 E51 E58 E66 F15 F42 F61 F62 G01 G02 G21 G23 G28 G38 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:18:y:2017:i:4:p:421-443

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