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The Evolution Of Private Loans In Romania And Examination Of Some Factors Of Influence

Author

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  • MIHAI MIEILA

    (VALAHIA UNIVERSITY OF TARGOVISTE, ROMANIA)

Abstract

The paper analyzes the evolution of Romanian private loans, in national currency(lei), granted to households and non-financial corporations in the period between July 2005 and April 2017. In this context, after reviewing the importance of credit within the context of national economy is presented the evolution of some factors considered as influential upon the evolution of credit. These factors are, namely: the average interest rate of outstanding private loans granted by credit institutions, the average interest rate of outstanding amount of deposits received by credit institutions, the ratio of minimum(or reserve) requirements, the interest rate on required reserves and the monetary policy rate. The database was built using the available data from the Statistical Section of the monthly bulletins released by the National Bank of Romania (herein after, referred to as NBR) and published on the institution’s website. Every series of data is subject of testing for stationarity, using both the Augmented Dickey-Fuller and Pillips-Perron tests (herein after, referred to as ADF and PP, respectively), and the reported results are presented within the paper. In order to avoid spurious regression, following the stationarization of the data series, an analysis model is put in place and the significant results are subject to further interpretation.

Suggested Citation

  • Mihai Mieila, 2017. "The Evolution Of Private Loans In Romania And Examination Of Some Factors Of Influence," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 120-127, August.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:4:p:120-127
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    References listed on IDEAS

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    1. Lucian-Ion Medar, 2017. "Accounting Requirements And Records On Bank Subscribed Capital Compliance With European Directives," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 47-51, February.
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