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The Impact of the Global Financial Crisis on the Romanian Banking System

Author

Listed:
  • Dandara Daniela

    (Bucharest University of Economic Studies, PhD Student)

Abstract

Starting the year of 2007, global economies had to face a large financial crisis with direct effects on economic growth and welfare. The underestimating of risk caused large imbalances and at a later date a sovereigh debt crisis. The Romanian financial system and its component, the banking system, was as well affected. The economic recovery is directly linked to the revaluation of risk and ensuring a stable banking system. Macropudential policies have to consider the conections between the financial system and real economy. An efficient supervision and regulation are eminent. Ensuring comfortable prudential levels of capital and liquidity may result in a more stable banking system, capable of facing external shocks and efficiently performing financial intermadiation, conducting to a healther financial system that will sustain economic growth.

Suggested Citation

  • Dandara Daniela, 2013. "The Impact of the Global Financial Crisis on the Romanian Banking System," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1180-1184, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1180-1184
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    More about this item

    Keywords

    financial crisis; banking system; regulation; economy; subprime crediting;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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