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Romanian Financial System And Economic Growth

Author

Listed:
  • Bogdan FÎRTESCU

    (“Al. I. Cuza” University of Iasi, Romania)

Abstract

This paper wants to emphasize t he relation between financial system and economic growth, as part of sustainable development. Recent papers stress the correlation between the financial system as a promoting factor to economic growth. Economic literature also discusses the issue related to some types of financial system (such as bank – based or market - based) and economic expansion. The article intends to summarize the debate on financial system development, financial system types and financing manners in promoting economic growth. The actual stage of Romanian financial system, related to banking system, financial institutions and financial market, is taken into discussion. The latest structural transformation of Romanian financial system since EU Accession is presented.

Suggested Citation

  • Bogdan FÎRTESCU, 2008. "Romanian Financial System And Economic Growth," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 8(1(8)), pages 179-185, June.
    • Handle: RePEc:scm:ausvfe:v:8:y:2008:i:1(8):p:179-185
    as

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    File URL: http://www.seap.usv.ro/annals/arhiva/http://www.seap.usv.ro/annals/arhiva/ANNALS%20nr.8,2008_fulltext.pdf.pdf
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