FINANCIAL AND BANKING PROBLEMS FACING ROMANIA IN THE CURRENT AND FUTURE PERIOD

Paul Marinescu and Otilia Manta
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Paul Marinescu: University of Bucharest, Bucharest, Romania

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 154-163

Abstract: We are currently witnessing the confrontation with many financial-banking problems globally, problems with a direct impact on Romania in the current and future period. A first aspect that we reflect in this research paper is the presentation of the relationship between financial intermediation and disintermediation, namely the value of credit relative to GDP. Another aspect presented in the paper reflects the comparative analysis of the rate, respectively the interest rates on loans and deposits in Romania and other countries. From which we can conclude that at a high borrowing rate and a so low deposit ratio (as a result of comparative analysis in Romania and other countries), it is hard to assume that Romania can start a sustainable growth, as the financing is difficult in the first place the cost of credit as a result of the impact of the crisis on country risk. Another aspect that we detail in the paper is the impact of the euroisation of the national economy and the coexistence of 2 coins (leu and euro) with money function in quasi / no / euro on the development of the Romanian economy / depreciation. By presenting the current financial and banking aspects that we face at national level, we can contribute actively to policy orientation towards the creation of sustainable economic development mechanisms.

Keywords: financial intermediation and disintermediation; interest; sustainable development; financial technology (search for similar items in EconPapers)
JEL-codes: G21 Q01 (search for similar items in EconPapers)
Date: 2017
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