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The Soundness Of The Financialsystems In Cee Countries

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  • Ioana-Iuliana TOMULEASA

    (Alexandru Ioan Cuza University of Iasi, Romania; Auvergne University, France)

Abstract

The financial system is vitally important for the real economy, contributing decisively to economic activities. The paper aims to examine the features of the financial system of Central and Eastern European countries (Bulgaria, Czech Republic, Hungary, Latvia, Lithuania, Poland, and Romania), the major imbalances accumulated during the period preceding the onset of the current global economic crisis and the measures taken by monetary and financial authorities to ensure the continuity of European financial integration. Moreover, in this paper an empirical analysis was developed, investigating the major implications of the crisis on the financial soundness indicators perceived in the selected countries, in the period 2008-2013. The analysis conducted in this paper suggests that the financial system is characterized by a high sensitivity, being subjected to pressures from the international financial turmoil, observing the increasing tendency of current risks.

Suggested Citation

  • Ioana-Iuliana TOMULEASA, 2014. "The Soundness Of The Financialsystems In Cee Countries," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 295-304, November.
    • Handle: RePEc:cmj:networ:y:2014:i:4:p:295-304
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    References listed on IDEAS

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    More about this item

    Keywords

    New EU member countries; Financial crisis; Financial soundness indicators; European integration;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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