Banking Deposits of Population. Characteristics in Romania
Banking Deposits of Population. Characteristics in Romania

Author(s): Gheorghe Moroşan
Subject(s): Accounting - Business Administration
Published by: Editura Lumen, Asociatia Lumen
Keywords: savings;bank deposits;interest;banks;time deposits;overnight;
Summary/Abstract: Starting with the classical theories regarding the economic growth and until now, the accumulation of capital has been given an important role. Along with technological progress and specialization of the labour force, saving is considered a source of economic growth. This paper aims at analysing the savings of the population placed in bank deposits during the period between 2015 and 2019 in Romania. The study focuses on analysing the dynamics of deposit volume and virtually anyone who saves and then invests (in our case investments in bank deposits) expects to obtain an income, a certain yield, a reasonable return. Comparing the interest rates on bank deposits with the inflation rate but also with other interest rates, we want to determine how profitable these investments are for the population. This study examines whether the level of interests on bank deposits placed by individuals in Romania is attractive enough to stimulate savings, given that the country needs capital for development.

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