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Banking Crises And Their Implications On The Financial System

Author

Listed:
  • Carmen Obreja

    (Academy of Economic Studies, Bucharest)

  • Dan Stefan Armeanu

    (Academy of Economic Studies, Bucharest)

Abstract

Banking crisis are harm as they generate a interruption in the economic activity. The collapse of the payment systems causes the interruption of the large scale transactions and may lead to the collapse of out-put. The episodes of crises are typically associated with a deterioration of the banks balance sheets and the debtors status. Due to the fact that banks are important source of finance, the reduction of credit may lead to a reduction of investments and consume. Another characteristic of banking crisis is that they lead to the insolvency of a great part of the banking system. However, the banking crisis do not affect only the banking system but they also have deep implications on the whole economic activity.

Suggested Citation

  • Carmen Obreja & Dan Stefan Armeanu, 2008. "Banking Crises And Their Implications On The Financial System," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 11(11(528)(s), pages 244-249, November.
    • Handle: RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:244-249
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