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The adjustment of banking systems to the demands of contemporary economies

Author

Listed:
  • Rodica Viorica COANA
  • Iudit FODOR

    (University of Craiova)

Abstract

The economy is going through a period of unprecedented financial and economic crisis in the last half century, driven by a collapse whose root causes are found in the U.S. housing sector. Problems in the U.S. economy have expanded real estate and other areas of activity not only in the United States because relatively complex mechanisms for transfer of credit risk imposed by financial intermediaries. According to Federal Reserve Chairman Alan Greenspan U.S. by 2006, the wave of instability caused by 'credit tsunami occurs once a century "evolved from one sector to another, first in the banking sector and real estate other financial markets, then all matters affecting the real economy.

Suggested Citation

  • Rodica Viorica COANA & Iudit FODOR, 2010. "The adjustment of banking systems to the demands of contemporary economies," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 250-253, May.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:250-253
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    More about this item

    Keywords

    banking crisis; global markets; credit growth;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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