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Considerations about Methods of Rescue for Financial Institutions: the Case of Cyprus

Author

Listed:
  • Jenica Popescu

    (University of Craiova Faculty of Economics and Business Administration)

  • Victoria Firescu

    (University of Pitesti Faculty of Economic Sciences)

Abstract

The paper presents some aspects regarding adoptata strategy to resolve the crisis in Cyprus financial system and the effects of such approaches used the euro area, but especially on the banking sector in the European Union. From our perspective we considered as an important thing to understand what happened in Cyprus, how to intervene in this crisis to be able to appreciate necessary changes (if they are really necessary) in the banking system construction, so that banks can adopt such measures by the resolution of future banking crises in the euro area and improving of banking system situation, in the sense that it have not to be necessary a new intervention into the future.

Suggested Citation

  • Jenica Popescu & Victoria Firescu, 2013. "Considerations about Methods of Rescue for Financial Institutions: the Case of Cyprus," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15), pages 72-78, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2013:i:15:p:72-78
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    File URL: http://feaa.ucv.ro/FPV/015-009.pdf
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    References listed on IDEAS

    as
    1. Dimitris N. Chorafas, 2009. "Financial Boom and Gloom," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-0-230-23583-0, December.
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    More about this item

    Keywords

    banks; crisis; bail-in; unsecured deposits; liabilities;
    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

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