INFLUENCE OF FINANCIAL-BANKING STABILITY ON ECONOMIC DEVELOPMENT
INFLUENCE OF FINANCIAL-BANKING STABILITY ON ECONOMIC DEVELOPMENT

Author(s): Adelina-Andreea Siriteanu, Erika-Maria Doacă, Alin Vasile Străchinaru
Subject(s): Socio-Economic Research
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: economic development; macroeconomic indicators; financial stability; multivariate regression;
Summary/Abstract: From an economic point of view, the countries of Central and Eastern Europe show a similar level of prevention, perception but also response to more or less anticipated situations, which have characterized these last decades. It is true that some of these are also part of the Schengen Area (Hungary, respectively Slovakia) not only of the European Union (Romania, respectively Bulgaria). However, the manifestation of socio-political phenomena, fueled by the crisis, the pandemic, demonstrated that all these countries are equally affected, and the decisions taken led, on the one hand, to mitigating and even limiting the negative effects, and on the other hand, to an economic growth, starting from 2021, which is around the European Union average. Thus, the study proposes, based on multivariate regression, to analyze both the influence of macroeconomic indicators on the economic environment, as well as the influence of financial stability on sustainable development at country and regional level. The reference period includes the years: 2001 - 2021, with an annual data frequency.

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