THE CONSEQUENCES OF THE GLOBAL FINANCIAL CRISIS REGARDING THE ROMANIAN
BANKING SYSTEM
THE CONSEQUENCES OF THE GLOBAL FINANCIAL CRISIS REGARDING THE ROMANIAN
BANKING SYSTEM
Author(s): Anca-Ioana BumbeneciSubject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: Recessional period; global crisis; investments direct foreign; policy monetary; economic growth
Summary/Abstract: Romania has not passed through a crisis as the existing one in the last 10 years . Despite the unfavorable conditions of economy, Romania, however, has sufficient advantages in comparison with other states which have been more seriously affected by the global crisis. Therefore, one of the economists’ greatest fears is that, because of decreased liquidities and the lack of confidence in Romania, the holding banks form Europe may let their branches in our country with less money than it should. BNR says that this thing is not going to happen. Romanian bankers sustain the same fact, and they say that credit lines, and that means the money put at the disposal of Romania’s banks by the European groups they are belonging to, will be at least at the same level as last year.
Journal: Revista tinerilor economişti
- Issue Year: 2010
- Issue No: 14 spec
- Page Range: 7-12
- Page Count: 8
- Language: English