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Challenges of ROBOR growth

Author

Listed:
  • Jenica POPESCU

    (University of Craiova, Faculty of Economics and Business Administration)

  • Bogdan POPA

    (University of Craiova, Faculty of Economics and Business Administration)

Abstract

The paper presents the evolution and causes of ROBOR growth between May 2013 and July 2018, bringing arguments that invalidate some opinions advocated by the pro-bank analysts' choir on the determinants of the ROBOR index growth. Our analysis led us to the conclusion that inflation in July 2017 to date means a small part of ROBOR's increase, and considering bank liquidity as responsible for ROBOR growth is inadequate. The ROBOR value is the effect of a bilateral oligopolistic market, and this value (imposed in the calculation of interest) distorts the credit market.

Suggested Citation

  • Jenica POPESCU & Bogdan POPA, 2018. "Challenges of ROBOR growth," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(20), pages 53-61, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2018:i:20:p:53-61
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    References listed on IDEAS

    as
    1. Alina Manta & Roxana Nanu, 2010. "The Impact Of The Global Financial Crisis On The Management Of Banking Risks," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 5(2), pages 33-45, December.
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      Keywords

      eaverage interest rate on interbank credits; bank liquidity; inflation; NBR interest rate; bank deposits.;
      All these keywords.

      JEL classification:

      • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
      • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
      • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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